Nifty Outlook: Weekly Report, Tips, Trading Trend & Levels

Nifty Weekly Levels (19-11-12 to 23-11-12)

NIFTY             BANK NIFTY            SENSEX        

5644               11397                         18542            
5620               11288                         18368            
5577               11148                         18139           

Nifty Outlook 

Nifty has immediate resistance at 5712 and then at 5727. It must cross 5741 and decisively close above it to continue its Upmove. Nifty has to cross 5766 and stay above 5785 to continue its further Upmove. If Nifty manages to cross 5806 and decisively close above 5817, may go up to 5842 – 5868. Further Upmove Levels will be 5886 – 5904.

Nifty has Immediate Support at 5680 and then at 5665. Next Support Level will be 5636 – 5618. If Nifty breaches 5600, it may go down to 5582 – 5561 - 5543. Nifty will become weak below 5525 and may go down to 5503 – 5488. Further Downmove Levels will be 5467 - 5449.

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