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Nifty

* Nifty opened the week at 15845.10, made a high of 16399.80, lowof 15739.65andclose the week at 16266.15 Thus, Nifty closed the week with a Gainof 484.00points on weekly basis.

* On the weekly chart, Nifty started the week on a negative note and continueditsPositive momentum to end the week on a Positive note. The index has formedaBullish candle forming compare to previous week and has closedaboveitsprevious levels. The overall trading range for index for coming week wouldbe15845 -16399, either side breakout will lead the trend.

* On the daily chart, the index has formed a Bullish candle forming Lowerlowcompare to previous session indicating consolidation bias. The chart patternsuggests that if Nifty crosses and sustains above 16400 level it wouldwitnessbuying which would lead the index towards 16600-16800levels. However if indexbreaks below 15970 level it would witness selling which would taketheindextowards15450-15000.

Banknifty

* Banknifty opened the week at 33256.00 made a high of 34655.50 lowof 33001.75and closed the week at 342276 Thus, Banknifty close the week withaGainof115.05 points on weekly basis.

* On the weekly chart, banknifty started the week on a negative note but continuedits Positive momentum to end the week on a positive note. The index has formedabullish candle indicating consolidation at current levels. The overall tradingrangefor banknifty would be 34655-330001 either side breakout will lead thetrend.

* On the daily chart, Banknifty the index has formed a bullish candleindicatingpositive at current levels. The chart pattern suggests that if Banknifty crossesandsustains above 34700 level it would witness buying which would leadtheindextowards 35128-35500 levels. However if index breaks below33870 level it wouldwitness selling which would take the index towards 33320-32900

* Support : 32900-33320-33870

* Resistance:34700-35128-35500

Sensex

* Sensex opened the week at 52946.30 made a high of 54786.00, lowof 52632.50and close the week at 54326.40 Thus, Sensex close the week with a Gainof 1532.75points on weekly basis.

* On the weekly chart, Sensex started the week on a negative note and continueditsweek's in positive momentum to end the week on positive note. Theindexhasformed bullish candle bar candle forming lower High-Low compare topreviousweek and has closed above previous level.

* On the daily chart, the index has formed bullish candle forming lower lower-Lowcompare to previous session indicating consolidation bias. The chart patternsuggests that if Sensex crosses and sustains above 54800 level it wouldwitnessbuying which would lead the index towards 55250-55800 levels. However if indexbreaks below 53900 level it would witness selling which would taketheindextowards 53200-52600.

* Support : 52600-53200-53900

* Resistance: 54800-55250-55800.

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