The Best Week to Buy Stock

              Weekly View of Stock
Nifty opened the week at 10600 made a high of 10744 and low of 10554 and closed the week at 10723. Thus the Nifty closed the week with a Gain of 123 points. The Nifty50 witnessed a breakout in morning trade which pushed the index above 10640 and then 10700 levels in trade. The index failed to close above this level making a bullish pattern similar to opening marubozu candle on the daily charts. It represents extreme bullish behavior and is formed with a long white body that has an upper shadow but no lower shadow. It has to continue to hold above 10638 zones to extend its move towards 10737 then 10800 zones while on the decline supports are seen at 10580 then 10550 levels.

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