WEEKLY ANALYSIS:
RES:5151-5182-5224
SUP:5040-5008-4967

NEXT WEEK NIFTY IS EXPECTED TO TRADE IN 5183-4980 RANGE,IN LAST UPMOVE 5183 FORMED A FORMIDABLE RESISTANCE AND AGAIN MORE SUPPLY IS EXPECTED TO COME NEAR 5177-5194 LEVELS,IF BREAKS ABOVE 5194 THEN 5224-5252 WILL BE STRONG RESISTANCE ZONE,
NIFTY 5100CE HAS HIGHEST O.I AT 70.8 LAKHS AND ALSO SAW AN ADDITION OF NEAR 15LAKHS OF O.I IN SINGLE DAY ON 5TH MARCH.
VIX AT 20.74 ALSO INDICATING SOME CAUTION AT HIGHER LEVELS WHERE NIFTY MAY FIND DIFFICULT TO SUSTAIN.

IF DRIFTS BELOW 5080...5050-5040 WILL GIVE SOME SUPPORT TO NIFTY ,BELOW IT PREVIOUS LOW OF 5008 WILL SEE STRONG SUPPORT,(NIFTY 5000 PE HAS ALSO HIGHEST O.I WHICH ALSO INDICATES STRONG SUPPORT NEAR 5000 ON CLOSING BASIS),ANY WEAKNESS BELOW 5008 WILL SEE NIFTY DRIFTING DOWN TOWARDS 4967-4982 WHERE CONFLUENCE OF EMAS WILL PROVIDE SUPPORT.