AS PER LAST WEEK NIFTY CLOSE NEAR 5445 AND THIS WEEK NIFTY OPEN FLAT 5436 AND ITS MADE HIGH OF 5537 ON FIRST DAY OF THIS WEEK AND THEN AFTER ITS FALL DOWN UP TO 5373 BUT GIVE A CLOSE (5449) ABOVE 5400 ON TUESDAY, AGAIN ITS START UP MOVE UP TO 5535 ON WEDNESDAY, ITS MADE DOUBLE TOP IN THIS WEEK AND LAST 2 DAYS OF WEEK NIFTY START DOWN JOURNEY AND MADE A NEW LOW OF 5366 AND GIVE WEEKLY CLOSE NEAR THAT LEVEL (5373). ITS LOWET CLOSE OF MARCH.BUT IN THIS FUTURE SEARISH LOW IS 5308 AND CLOSE IS 5332 ON BUDGET DAY 28TH OF FEBRUARY. NIFTY MADE LOWER TOP LOWER BOTTOM PATTERN FROM LAST 2 WEEKS ON WEEKLY CHARTS, IF IN THIS WEEK NIFTY MADE A NEW LOW THEN WE SEE SOME MORE SELLING PRESURE UP TO 5310, 5230, and 5170. ON UP SIDE WE SEE SOME RESISTANCE NEAR 5450, 5540, 5620. FOR MONDAY TRADING RANGE IS 5290, 5540. WEEKLY TRADING RANGE IS 5610 – 5530. OUR VIEW IN MARKET IS BEARISH UP TO 5230-5240 RANGE.
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