Showing posts with label Weekly Overview. Show all posts
Showing posts with label Weekly Overview. Show all posts

14 April 16---22 April 16 

Shortest week (which had only three working sessions ) for the month of April had passed away, From the starting of this series nifty followed as expected earlier but in this week nifty suddenly turned its mood and reversed from 7500 levels and gave almost around 350 points till now.

From next week onward nifty may continue its upward journey for some time and then it will give good risk reward shorting opportunity.



conclusion:

next week nifty  may give some direction for short term or for the last and expiry week of this months 
weekly levels to watch on upside 7950-8000 which will act as strong resistance for next week

weekly levels to watch on downside 7666-7510  which will act as strong support for next week