Week close on 17866*
* Doji on Daily chart ,strong bullish candles on monthly and weekly.
* Monthly Flag BO under construction.
* Bollinger Band Resistance on Daily around 18K and more room to run on weekly and monthly chart.
* A strong Trendline BO.
Outlook for next week Neutral to bullish.
Outlook for monthly Bullish .
S1: 17500 S2: 17250 S3: 16950
R1: 18000 R2: 18400 R3: 18600
A big short squeeze expected if we get daily close above 18000.
Nifty IT is rising from grave can support the next move up.
* Doji on Daily chart ,strong bullish candles on monthly and weekly.
* Monthly Flag BO under construction.
* Bollinger Band Resistance on Daily around 18K and more room to run on weekly and monthly chart.
* A strong Trendline BO.
Outlook for next week Neutral to bullish.
Outlook for monthly Bullish .
S1: 17500 S2: 17250 S3: 16950
R1: 18000 R2: 18400 R3: 18600
A big short squeeze expected if we get daily close above 18000.
Nifty IT is rising from grave can support the next move up.