STRENGTH OF THE BULL IS WEAKENING? As we saw in the last week, - TopicsExpress

STRENGTH OF THE BULL IS WEAKENING? As we saw in the last week, Nifty Future failed by 30 points as per weekly closing basis (7622 to 7592). Remarkably! Nifty Future still maintains weekly closing above 7210 important support level. Technically! Overall Trend is Bullish above 6115 level on larger time frame charts and short term trend is also bullish since Nifty Future closed weekly above 7210 level or it will remain bullish for next week unless it will not break and closed weekly below 7210 important support mark. So, for the coming week it is possible to buy on lower levels with closing basis stop loss of 7210 levels. For the week, important supports may act at 7509/7427/7324/7259 levels & Resistance will be at 7645/7717/7808/7994 levels.

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