Nifty Weekly Technical View

By | November 8, 2009

Nifty Weekly 5 EMA is at 4860 Levels which will prove as Resistance as of now. Support at 20 Week SMA at 4700.As mentioned in previous Week 20 Weekly SMA will provide as a support and nifty.Previous Week Post

Now looking at the Daily Charts of Nifty, We have closed above 5 EMA but resitance is now at 4830 which is both Pivot Resistance and 13 D EMA.

So Right now 4834 and 4860 will be immediate resistances and once crossed we can head towards 4930 4970

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