Nifty
The resistances for nifty are placed at 4500 and 4550 for this week. 4240 has become key support level for nifty below which a fall to 4090 shall be inevitable.
Once we have the budget, there's quite good chance that there will be a new trading range setup for nifty.
Sultan of Stocks - Reliance
Last week RIL turned exactly from resitance level and came down to almost support level.
For this week RIL resitances are placed at 2090 and 2125 while supports are placed at 1990 and 1950.
King of banks - SBIN
As per my weekly analysis last week, SBIN bounced exactly from first support level and hit the second resistance level on friday.
For this week, SBI resistances are placed at 1840 and 1890 respectively while supports are placed at 1760 and 1705
New Kid on the Block - LT
As i had writen last week, LT was hammered to 1540 from where the trend reversed and moved to the second resistance level.
This week LT resistances are placed at 1635 and 1690. Inablity to trade above first level means L&T can reverse sharply to 1540 and 1500.
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