Weekly NIFTY technicals.

Satyam saga is still on.
But a buyer for Satyam. LNT buys 12% stake in Satyam. And the stock is up at 38 levels up almost 40%. Lets see what magic iGate solutions can do ?
Its pure gambling.

Expect markets to be volatile next week also.
Support for NIFTY is at 2560 and resistance at 2890
If NIFTY crosses 50Days moving average of 2851 we can see NIFTY touching 3000 mark.

NIFTY Support and Resistance -

Previous resistance Previous support Weekly high Weekly low Monthly high Monthly low

3147 2813 2853 2702 3110 2571

Simple Moving Averages -

5 D	8 D	13 D	20 D	39 D	50 D	200 D
2748	2768	2813	2874	2874	2851	3929

Fibonacci price projections-

	0%	61.8%	100%	161.8%	261.8%
Up	2813	3019	3147	3353	3687
Dn	3147	2941	2813	2607	2273

Chart -



Happy Investing.

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