NIFTY SNAPSHOT
OPEN INTEREST AND VOLUME
TECHNICAL ANALYSIS NIFTY
Weekly View of Nifty
Nifty opened the week at 10441, made a high of 10597 and
low of 10431 and closed the week at 10585. Thus the Nifty closed
the week with a Gain of 144 points. The index closed took support at its 5-days
exponential moving average (DEMA) before bouncing back towards the opening
levels. The Nifty formed the Doji candle which shows the indecisiveness in the
market. If the Nifty gives the breakout above 10594 and breakdown below 10509
then the behavior of the market can be decided whether bullish or bearish. It is
making higher highs and lower lows on weekly time frame which indicates
continuation of uptrend till any support breakdown.
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