NIFTY THIS WEEK
This week was a downtrend week. Volume was good. This week FII’s remained huge net sellers. Technically to my knowledge a downtrend pattern had formed with 4935 as a crucial support level. Nifty closed below the March first week low and also below the 5000 levels. Let’s see what happens next week.

NIFTY NEXT WEEK
Next week, to my knowledge, possibly we may see a pullback rally. The 4935 levels would be a significant level to be watched for next week trade. Would nifty surpass 4850 levels then there may be a sharp correction. This may be around 400 point’s correction.
Dow Jones had traded in a wide range with negative bias last week. Dow too closed below February second week close. So I expect a pull back rally next week. Would Dow surpass 9950 levels we may see a 1200 points correction.

NIFTY TRADING RANGE
FOR AN UPMOVE 4950 – 5275
FOR DOWN MOVE 4950 – 4540

NIFTY MONDAY
As FII’s were huge sellers on Friday we should be careful at higher levels. However open interest had risen with price rise which indicates that fresh longs had initiated. Global cues may lead the market.
Technically I expect a pull back rally. The 4935 level is crucial level to be watched for Monday. Below 4850 level we may see a sharp correction.
NIFTY TIPS
MONDAY NIFTY LEVELS
BUY ABOVE 4950 T1 – 4975, T2 – 5000, T3 – 5025 STOPLOSS - 4935
SELL BELOW 4935 T1 – 4900, T2 – 4875, T3 – 4850 STOPLOSS – 4950
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