Nifty unable to close below 5570 gave a quick upmove from the expiry day of last series . We check the probabilities ahead-
07/07/13: The week ended range bound between 5750-5900 in the support & resistance zone mentioned. Updated one EW probability in the post.
14/07/13: The Triangle pattern developing since last week broke on upside. Updated chart added.
21/07/13: Holding 5935 on closing basis it went up again to make a new high as in the update last week. Now watch for 5975. Chart updated in the post with observations-
A probable range bound week's trading in the broader range of 5700-5900 . Support in the 5750-80 zone initially and Resistance in the 5900-50 zone . Break and close below 5725 may resume the down trend and close above 5950 will be further bullish .
Updated on 07-07-13 :
Updated on 14-07-13:
Updated on 21-07-13 :