Nifty has settled to the RSI Of 68 after moving down by 1.03% this week, Nifty 50s resistance is placed at 13797 while support is at 13350 .
Nifty opened at 13742 on monday while the weekly high was and week low was 13778 & 13193 while the support was placed at 13350 and resistance is at 13797 .
While Sensex opened at 46932 on monday while the weekly high was and week low was 47056 & 45112 while the support was placed at 45638 and resistance is at 47123 .
Key Levels For The Upcoming Week
Minor Resistance and the support is expected to be at the 13797 & 13797 levels while Major support and resistance for Nifty 50 for the Week is Expected to be at 13934 & 13212 .
Minor Resistance and the support is expected to be at the 47123 & 47123 levels while Major support and resistance for Sensex for the Week is Expected to be at 47582 & 45179 .
Stocks Recommendations are as follows:-
* stop loss is for reference only you can put it according to your risk appetite
RSI of Nifty 50 through the week
RSI of nifty is has moved from 93 to 69 . While the RSI of Nifty is coming to a stable range we may see all sectors moving upwards while the Nifty may occilate in 13600-13900 region.
Weekly Sector Move
The best performing sector last week was I..T which was followed by the Banking sector while the top losing sector last week was Nifty PSU bank which lost about -3.39% just last week.