UPDATE : NIFTY SPOT WEEKLY CHART - 5210 LAMAX REKHA & LAST HOPE FOR NIFTY

NIFTY SPOT WEEKLY CHART

PREV WEEK FAILED TO CLOSE BELOW BUT THIS WEEK BROKEN TREND LINE -1 @ 5550

AND CLOSED BELOW THE SAME AS SHOWN IN CHART
NOW IF NEXT WEEK FAILS TO HOLD LEVEL 5570 THEN IT WILL BE CONFIRMATION

THAT IN COMMING WEEKS MARKET WILL TEST / TRY TO COME NEAR SUPPORT ZONE TREND LINE -2 @ 5210

BE CAUTIOUS

ONE CAN ACCUMULATE LONGS NEAR 5300 +/- LEVELS

WITH STOP LOSS 5210 ON WEEKLY CLOSING

WEEKLY TREND LINE - 2 @ 5210


LAMAX REKHA & LAST HOPE FOR NIFTY
IF CLOSE BELOW HISTORY WILL BE REPEAT


TWO WEEKLY CLOSE BELOW 5210
WILL TGT 1 - 4880 / 4760 & TGT 2 - 3400 / 3500
WITH SUPPORT IN BTW AROUND 4400-4500
STOPLOSS WILL UPDATE LATER