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Nifty weekly Analysis:

I was continuously telling that Nifty is moving up from 11200 to 11800 without any momentum in MACD. Now it maintained sideways from 11800-11550 and has fallen sharply from 11550 to 10780 drastically. After a small bouceback, Nifty may touch 11100-11150 and again come down drastically to 10569 if 10740 is breached. If this fall is also drastically happen, then 10300 to 9950 possible again. Trade cautiously and don't initiate fresh longs untill it closes above 11150 on weekly basis

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