WEEKLY ANALYSIS:
RES:4992-5080-5180
SUP:4835-4748-4675
LAST WEEK ON BUDGET DAY NIFTY BROKE THE CRUCIAL RESISTANCE OF 4952(MADE A HIGH OF 4992)BUT COULD NOT CLOSE ABOVE IT,BREAKOU WAS WITH GOOD VOLUME MAKING THAT RESISTANCE MORE FRAGILE NOW,WITH SOME SUPPORT FROM GLOBAL CUES IT LOOKS CERTAINLY FOR NIFTY TO BREAK 4952.
TWO CLOSE ABOVE 4952 WILL RENDER NIFTY BULLISH FOR SHORT TERM FOR TARGETS
5032-5080-5180.
4835 HAS FORMED STRONG SUPPORT FOR ANY CORRECTION THIS WEEK.UNLESS GLOBAL CUES ARE NOT VERY WEAK NIFTY MAY NOR BREAK THIS SUPPORT.IF BREAKS THEN 4748 IS NEXT IMPORTANT WEEKLY SUPPORT.

NEXT WEEK NIFTY IS EXPECTED TO TRADE IN 4835-5080 RANGE...AND IF NIFTY SEES A WEEKLY CLOSE ABV 5032..THEN EXPECT SOME BIG UPMOVE IN COMING WEEKS FOR 5180-5322