Bears knocked the wind out out of nifty last week.
What is in store for next week?
Market balance for nifty future is placed at 5640 next week.
Fibonacci confluence support exists at 5520 - 5500 level.
Close below this zone could be disaster and nifty can easily slip down to 5430, 5350 and 5285.
Resistance for nifty future will come in at 5705 and 5745.
Break above 5784 can be considered positive and nifty will move to 5850, 5925 and 5990.
Another week of action in offing at dalaal street. Join us back every day where we will track the minutest detail of nifty moves.
NEXT: Laser precision levels
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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