WEEKLY INDEX OUTLOOK 17-AUG-2009 TILL 21-AUG-2009

Last week's weekly levels would have proved extremely useful for readers.

Nifty low was spot on at S3.

Bank nifty performance was even more stupendous . It took support at S5 and moved a whopping 500 points.

RIL moved sidways last week, but again within levels given.

Nifty

Weekly Resistance Levels

R5 4770

R4 4700

R3 4685

R2 4650

R1 4565

Weekly Support Levels

S1 4500

S2 4440

S3 4370

S4 4300

S5 4200

Bank Nifty

Weekly Resistance Levels

R5 7800

R4 7700

R3 7630

R2 7560

R1 7420

Weekly Support Levels

S1 7263

S2 7140

S3 6900

S4 6700

S5 6600