NiftyFuture Closing 5687. Weekly Support 5640-5593-5530 . Resistance 5710-5768-5830-5890. As per five days chart Nifty position not bad. May be reverse up rally we can see from here with support 5640. Also all news favor for Nifty, except big player Infosyes result.Infosyes result not bad, but it is bad due to money and dollar contest. Another Big giant Reliance Industries result on Monday. So naturally This week heavy movements expected.
BankNifty Future
Support 11380, 11200, 10900, Resistance 11580,11780,11980. Heavy wait Sbin, Axis, Icici, Hdfc , Bankbaroda, Pnb all are over brought positions. This the factor, small chance can done heavy correction in Bank Nifty. Becare. Chart pattern not good.
MCX Commodity.
Weekly support 4760, 4590, Above 4890 Good for target 5060. Up Trends.
Weekly support 31250, 30950, 30700, Resistance 31480, 31800. Trends Flat.
Support 60650, 59450, Resistance 62800, 64000, 66200, Down Trends.
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