The weekly charts have shown a 'doji' formation suggesting indicesion after an attempt to cross 4500+ on the higher side.
For the coming week consider 4285 as the crucial support level and 4490 as the key break out level. A close below 4250 next week will trigger a fresh round of selling which can break the resistance-turned-support level of 4200
The weekly pivot point is at 4385 which can act as a resistance / support area for the coming week.
The technical indicators too are in indecision mode and may confirm the sell signals on a break below 4285.
Happy Trading
CA Rajiv D Khatlawala
1 comment:
Sir,
After +ve news of NSG, how do you see technical? Also should weekly HNS tgt of near 10,000 hold or ??
Piyush.
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