NIFTY
This week nifty will run into huge resistances at 4430 and 4520. Reversal from either of the levels will make nifty weak.
Supports for this week are placed at friday low of 4201 and 4000.
Sultan of stocks - Reliance
Last week RIL came under the attack of bears as i had writen in previous weekly outlook.
This week RIL will have tremendous resistances at 2150 and 2200. Inability to trade above first resistance level will mean, RIL getting slaughtered to 1975 and 1870.
King of Banks - SBIN
SBI was the most sought after stock by bulls to daytrade last week as it moved moved from second support level to second resistance level.
This week resistances are placed at 1750 and 1830 while supports are placed at 1700 and 1630 for sbi. As a result, SBI may go into sideways trend this week.
Oil Barron - ONGC
ONGC broke down from its trading range last week. Resistances for ONGC this week are placed at 1065 and 1090. If in the course of this week, ONGC fails to close above second resitance bears will attack ONGC to 950 and 890.
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