Nifty Updates - Nifty Weekly Forecast For Next Week 29 Aug To 02 Sep..

NIFTY WEEKLY REPORT FOR 29 AUG TO 02 SEP 2016

 

WEEKLY RESISTANCE FOR NIFTY: 8644, 8664, 8698, 8732

PIVOT POINT: 8624

WEEKLY SUPPORT FOR NIFTY :  8590,8556,8535,8516

DAILY RESISTANCE FOR NIFTY: 8646, 8662, 8679,8695

PIVOT POINT: 8629

DAILY SUPPORT FOR NIFTY :  8613, 8596, 8580, 8563

 

Today's Breaking Updates & Trials visit our sites 

www.capitalheight.com/freetrial.php

                                                                                                                                          OR

Sensex opened the week at 28155, made a high of 28160, low of 27708 and closed the week at 27782. In the week ended Friday, 19 August 2016, the Sensex fell 295 points or 27782. At the same time the Nifty opened the week at 8645, made a high of 8743, low of 8596 and closed the week at 8625. The Nifty fell 55 points or to settle at 8,625.

TECHNICALLY SPEAKING

This week, both the indices continued to remain well above the short term average of 20dma Nifty – 8620, medium term average of 50dma Nifty – 8470 and even the long term average of 200dma Nifty – 8120. Thus the trend in the short term, medium term and the long term timeframe continues to remain Bearish.

BANKNIFTY ENTERS NEGATIVE ZONE, SHORT ONLY IF BANKNIFTY BREACHES 19211 LEVELS