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This entire week was in the favor of bears. The week was begun with 8580 and in this whole nifty lost near about 350 points. The market ended the week on a losing note on Friday. On week ended Friday nifty started at 8302 made a high of 8321 and slipped down at 8216 and closed at 8224. Nifty closed on a bear note at 8224 level. The trend is in bear
side but if nifty strongly trades and close above 8300 level bulls have the hopes. We would like to see nifty getting past the strong resistance zone between 8339 and 8347. In case, it succeeds it would have to negotiate with the major supply zone between 8409 and 8428. On the way down, next key demand zone would be between 8180 and 8140.
This entire week was in the favor of bears. The week was begun with 8580 and in this whole nifty lost near about 350 points. The market ended the week on a losing note on Friday. On week ended Friday nifty started at 8302 made a high of 8321 and slipped down at 8216 and closed at 8224. Nifty closed on a bear note at 8224 level. The trend is in bear
side but if nifty strongly trades and close above 8300 level bulls have the hopes. We would like to see nifty getting past the strong resistance zone between 8339 and 8347. In case, it succeeds it would have to negotiate with the major supply zone between 8409 and 8428. On the way down, next key demand zone would be between 8180 and 8140.
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RESISTANCE: 8250, 8300, 8350
SUPPORT: 8200, 8150, 8100
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