NIFTY Weekly Technical Analysis

NIFTY was in a range bounded mode. Last week NIFTY closed at 2821 and this week at 2843 just a minor increase. The week was Volatile.
NIFTY TRIN at 0.286
Over all Nifty bearish.
5 day EMA at 2813.42

Pivot - 2890
Support - 2795 and 2745
Resistance - 2932 and 3045
Over all range bounded mode in coming week with more volatility expected.


Simple Moving Averages -

5 D	8 D	13 D	20 D	39 D	50 D	200 D
2795	2816	2784	2791	2889	2855	3842

NIFTY target for next week between 2745 and 2890.

Check NIFTY Autogenerated Technicals every day here. (LINK)

Whats HOT this week - TATA Nano will be launched on the 3rd of March.

Subscribe for free Email Updates - Click here.
Free SMS Updates subscribe - Click here