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Nifty : Weekly Analysis

NSE:NIFTY   Nifty 50 Index
Nifty             took support from 50SMA and recover 45 point from low.

Nifty             spot 9712 is confluence of Trendlines support .

Bears will have upper hand only below 9712-9700 , these levels may change overall Trend of Nifty             from bullish to Bearish .

Bulls will try to defend 9791 which is 50 SMA and 9712 which is Trendline support. Above 9865 Bulls to have upper Hand.
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