Nifty weekly Chart for 25-29 August

By | August 23, 2008

WEEK GONE BY
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Support was expected & suggested(last week) at previous resistance trendline(now support trendline) around Nifty 4230, Nifty bounced from 4248 on Friday,contrary to expectations.

WEEK AHEAD
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Nifty has taken supports as expected, but still weakish. Nifty is strong/weak above/below 4370 for the week. Nifty very weak on close below 4200, very strong on close above 4450. Weekly Support expected at 4150, Weekly Resistance expected at 4530.

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