Link to last week's weekly index outlook
Nifty
On the bullish side nifty will attempt to scale 4660 and 4760 this .week.
On the bearish side, inability to trade above the first resistance can take nifty down to 4555, 4495, 4430 this week. Closing below 4430 will open way for further downside to 4390, 4290 and 4220.
Sultan of Stocks - Reliance
RIL will have huge resistance at 1995 this week. Inability to close of 1995 will drag RIL down to 1911 and 1885. Closing below 1885, downside targets will be wide open for RIL to the tune of 1860, 1820, 1770, 1745.
King of Banks - SBIN
On the bullish side SBI can move to 1860 and 1940 this week.
On the bearish side, first signifant support will come in at 1780. Close below 1730 will make SBI weak and open up targets of 1650 and 1620.
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