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.