RECAP
Last week we had written that trading above 4795, nifty will move to 4850 ad 4880.
The high of last week was 4849.
Also we had written that nifty will be weak only below 4655. Low of last week was 4667
NIFTY
Nifty future will be bullish if it trades above 4885 next week. Bullish targets are 4930, 4980 and 5020.
4940 is the fibonacci confluence level, trading above which trend will be bullish in the days to come.
After crossing 4885, if nifty future breakes 4745, bears will pound nifty to 4655, 4610 and 4568 next week.
Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.
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