* Nifty can be bearish till it does not hit 5206 in this week.
*For time being, down trend has weakened.
*On eod 50DMA = 5013.68(sloping down), 100DMA = 5008.07, 200DMA = 4744.18
*Weekly RSI14 is 52.53, and LBB (20,2) is 4681.65, one can buy in panic near this level.
*Weekly 20SMA is 4999.95, which could have been one of the reason of resistance on last Friday's budget day. (Another reason could be - on daily chart, it moved far beyond UBB, with RSI-14 near 50mark.)
* Weekly floor pivot is 4915.82, be cautious with shorts above it and with longs below it.
*If nifty does not breach 4755, then nifty can go upto 5184 in March.
I will be off for next week.
