Nifty
Nifty made a remarkable pull back after hitting 3905 mostly due to RIL news based move. As a result nifty has closed in high resistance zone. Reversal from these levels will make nifty hit 4210-4020 and 3780 this week.
On the other hand strength at this level will take nifty to dizzying heights of 4515-4700- 4800 this week.
Reliance - Sultan of stocks does it again
If there was ever a bear slayer, it has to be sultan of stocks. What a spectacular move by RIL, albiet via news. Like nfty, RIL has closed in high resistance zone. Reversal from here will take RIL to 1826 - 1711 - 1672 this week. On the other hand sustaining these levels will mean RIL will knock on the levels of 2029-2086 - 2119 this week.
SBIN- King of Banks
Weekly resistances for SBIN come in at 1720-1785- 1830 this week while supports are placed at
1600-1550- and 1450.
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