Weekly pivot - 4894.58
5ema on weekly chart - 5053.41
Nifty can take support near 4747.20.
Failing to do so can lead the fall towards 4624.88.
20 week MA is 5030.60. Bulls can give a try to get weekly closing above it.
To resume the uptrend in next week, nifty needs to go above 5311.00
Weekly trend has become bearish.
There can be very volatile movement in next week.
5ema on weekly chart - 5053.41
Nifty can take support near 4747.20.
Failing to do so can lead the fall towards 4624.88.
20 week MA is 5030.60. Bulls can give a try to get weekly closing above it.
To resume the uptrend in next week, nifty needs to go above 5311.00
Weekly trend has become bearish.
There can be very volatile movement in next week.
