Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

NIFTY WEEKLY OUTLOOK

 Source : http://www.moneyvistas.in/ 
PIVOT ----- 5255
SUPPORT ----- 5216/5151/5112
RESISTANCE ----- 5321/5359/5425

Hi ,Lot of mails and calls,thanks for response and now everything is OK .i will keep posting it regularly

Here is last week sectoral indices performance chart










Last week only Reality was big looser.Healthcare and Bank's did well rest were flat.


Now here i am presenting possible supports and resistances on weekly and monthly charts.Take a look.















200 day moving average placed at 4830

Medium term moving averages placed between 4830 - 5030
Short term moving averages placed between 5030 - 5256

As of now trend is UP.As and when Nifty closes below 5235 trend reverses.

Supports to watch next week 5235(make or break point)

Upside resistances  at 5288 , 5340 and 5420(It may take another 4 months to cross this level)

Cheers & Best to your trading.


Disclosure: Holding short positions