Weekly Pivot - 5240.75
If nifty is not able to bounce back from 5181.00, it can test 5109.80. Panic situation can lead it towards 5050 levels.
On upside nifty has the resistance at 5288.71, 5311.95. Nifty can be very bullish above 5324.22. Above 5324.22, it can test 5371.70.
20 week moving average is 5010.00.
Nifty can continue its uptrend till it is above 5812.00 in this week.
If nifty is not able to bounce back from 5181.00, it can test 5109.80. Panic situation can lead it towards 5050 levels.
On upside nifty has the resistance at 5288.71, 5311.95. Nifty can be very bullish above 5324.22. Above 5324.22, it can test 5371.70.
20 week moving average is 5010.00.
Nifty can continue its uptrend till it is above 5812.00 in this week.
