WEEKLY ANALYSIS:

RES:5274-5298-5337
SUP:5222-5184-5148

THIS WEEK BEING DERIVATIVE EXPIRY(25TH MARCH) AND TRUNCATED ALSO AS HOLIDAY ON 24TH DUE TO RAMNAVMI EXPECT NIFTY TO BE VERY VOLATILE.
MAY OPEN ON SOME WEAK NOTE BUT WILL RECOVER VERY FAST AND EXPECT NIFTY TO CROSS PREV HIGHS OF 5269 IN THIS SERIES.(CAUTION:PLZ KEEP A STRICT WATCH ON DOLLAR INDEX AS ITS MOVING UP AGAIN AND ANY BREAK ABOVE 81.7 MAY SEE SHORT SQUEEZE IN IT WHICH CAN TAKE IT TO NEW HIGHS OF 83.7-87.1 LVLS,BULLISHNESS IN DOLLAR INDEX WILL MAKE EQUITY MARKETS WEAK...ESP COMMODITY STOCKS)

IF THIS WEEK NIFTY BREAKS ABOVE 5274 AND MOVES UPTO 5337,IT CAN BE SHORTED WITH SL ABOVE 5373 FOR TARGETS 5220-5148-5110 IN NEXT 2 WEEKS.IF BREAKS AND CLOSE ABV 5373 FOR 2 SUCCESSIVE DAYS THEN EXPECT NIFTY TO TEST 5420-5492-5555 IN NEXT 3-4 WEEKS.

BUT IF NIFTY COULD NOT MOVE ABOVE 5274 AND DRIFTS DOWN BELOW 5148 THIS WEEK ON GLOBAL CUES IF ANY(MAY BE DOLLAR BREAKOUT, THIS WEEK BEING EXPIRY WEEK NIFTY MAY OR MAY NOT FOLLOW GLOBAL TRENDS SO PLZ TRADE WITH CAUTION AND STRICT SL)THEN EXPECT NIFTY TO TEST 5080-4989 LEVELS SOON.EXPECT NIFTY TO TRADE WITH HIGH VOLATILITY IN COMING WEEKS.