Nifty Weekly View

By | July 11, 2009 4:59 pm

Hi All

As told in previous Weekly analysis That and Head and should is making and we broke the Trend line @4150

So Now we have closed a weekly down of 10% on nifty.

Well as per me the downtrend will gonna continue with minor bounces till 4040 4075 4150.

An important observation

4693-4146=547 POints fall


4480 High on Budget Day

SO 3933 becomes an important point to be watched out.

Nifty Levels to watch out for

4242 on upside – 3739 on downside should be range for coming week

Weekly Breakout points:

4142 on upside if broken can see 4242 and 3865 on downside if broken 3739.

Category: Daily

About Bramesh

Bramesh Bhandari has been actively trading the Indian Stock Markets since over 15+ Years. His primary strategies are his interpretations and applications of Gann And Astro Methodologies developed over the past decade.

Leave a Reply