Weekly Outlook Indian Stock Market (08 - 12 Feb)

Weekly Technical
High: 4951.15
Low: 4692.35
Close: 4718.65
Change: -163.40
RSI (14 Days): 47.8
Pivot: 4787
Support: 4624, 4529
Resistance: 4882, 5046

Option Cues

Technical Cues
Medium Term
Nifty is in down trend (from 5th Feb.) with targets of 4740**, 4600, 4460.
The down trend will ‘terminate’ above 4951.
Short Term
Nifty is in downtrend (from 5th Feb.) with targets of 4780**, 4730**, 4690**.
The down trend will ‘terminate’ above 4949.
Immediate Term
Nifty is in corrective up move (from 6th Feb.) with targets of 4785, 4810, 4835.
The up move will ‘terminate’ below 4692.

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Disclaimer
The calls given here are My Personal views, trading or investing in stocks is a high risk activity. Any action you choose to take in the markets is totally your own responsibility. S&P Wealth Creators will not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information.
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