Nifty
Supports for nifty are placed at 3850 and 3640 this week.
If nifty is able to test the first support successfully it can test the reistance levels at 4190 and 4250.
I had a writen last week about how 4170 has become critical confluence support. Nifty has closed significantly below that level.
Sultan of stocks - Reliance
Reliance will run into strong resistances at 1840 and 1870 this week. Strong support for RIL exists at 1685.
However failure to hold the first support will result in RIL getting thrashed to 1590 and 1460.
King of Banks - SBI
Weekly reistances for SBIN are placed at 1650 and 1670 this week. 1450 should provide good support for SBI failing which SBI can fall
to 1320 and 1150.
New Kid on the block - LT
LT is in danger of going to sub 1000 level if it is unable to trade above 1500 this week. Small supports do exist at 1280 and 1160.
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