NIFTY Weekly technical analysis.

Last week we saw NIFTY was in a negative mode.
Last week NIFTY closed at 2948 and this week at 2736 a decrease of 200 points odd.
This was due to bad global cues.
NIFTY TRIN at 2.154
Over all Nifty bearish.
5 day EMA at 2813.56

Pivot - 2701
Support - 2620 and 2575
Resistance - 2810 and 2875

NIFTY 1 month target 2875 (Revised)
Over all mode "Extremely Volatile and Bearish."

NIFTY target for Next week - 2795 (NIFTY can touch this point and can come down)

Simple moving Averages -

5 D	8 D	13 D	20 D	39 D	50 D	200 D
2784	2836	2844	2826	2854	2883	3733

Chart -



NIFTY Autogenerated technical analysis Here (LINK)