WEEK GONE BY
Weekly Resistance was suggested at 4540. Nifty topped at 4522.40 for the week. Also chances of Head & Shoulder pattern to be formed was hinted,the same has been formed on Nifty EOD Charts.
Head & Shoulders Pattern is very bearish if Nifty breaks below 4159 on closing basis. Nifty Strong/Weak Above/Below 4370 for the week. Weekly Support 4159, Weekly Resistance 4540.