Nifty broke below crucial level of 4920 & went down till 4687.Nifty on weekly candle stick
charts has formed a dark cloud cover and a confirmation .So Nifty is likely to see some
more selling pressure and we can see lower levels once Nifty closes below 4670.Nifty may
reach levels around 4500 & 4358.Support for the Nifty is seen at 4670 (20 Weeks moving
Average) ,4500 & 4358.Resistance to the up move is seen at 4780 ,4860 (50DMA) & 4920.
- STOCKS OF THE WEEK:-
- Buy ABAN when it falls around 1230-1156 ,Target 1400,SL 1049.50 CMP 1274.60
- Buy FSL around 34,Target 40,SL closing below 30.90 CMP 34.70
