Weekly NIFTY technicals.

Last week we saw a short covering comming on Friday.

Now see a Gap up on Monday and if NIFTY sustains above 2640 Next target would be 2890 - 2950 in comming month below that we could test 2090 -2010.

NIFTY Moving averages.

5 D	8 D	13 D	20 D	39 D	50 D	200 D
2673	2745	2855	2824	3189	3411	4368

Only a close above 2745 can get a target of 2855 in short term.

See In charts NIFTY bound to touch 2700 before expiry. Dont short any thing before expiry.

The Indian VIX index is 64.46 down 1.6% so I see a upmove of atleat 75 points on Monday.

This week we could see more volatility on NIFTY.

Happy Investing!