Weekly Outlook for Nifty:

Well as we have seen in a very short span of time NIFTY has shown signs of strength & have increased from 5349 to 5870 which is nearly 520 points rally. This is a non-stop rally without any red candle till last Thursday if we notice. Now the technical indicators are signaling overbought zone. On Friday, Index has formed an indecision Doji candlestick on the chart. Resistance level seen in Sensex

Article by: Mr. Mayank Gupta
Website: Wealthbazaar.in