NIFTY OUTLOOK FOR NEXT WEEK

NIFTY REALLY REFRESHING AND OUTPERFORMING WHEN ALL GLOBAL MARKETS MIXED OR SUBDUED. SIGNALLING THAT NIFTY READY FOR NEW HIGH KINDLY READ BELOW LINES TWICE OR THRICE

1.WHEN NIFTY IS @ 5400-5500 LEVEL WE ALL READY FOR CORRECTION AND VERY CAUTIOUS ABOUT MARKET JUST WAITING OUTSIDE.
2.BUT NOW NIFTY SHOWING GOOD RESILIENCY AND DECOUPLED AGAINST GLOBAL MARKET AND SO MANY RETAILERS TRY TO STEP IN ASSUMING THAT NIFTY WILL SETTLE UP HIGH AND WILL NEVER COME DOWN.


NOW LETS LOOK @ TECHNICAL LEVELS FOR NEXT WEEK:
NIFTY SPOT : 5640!!! FUTURE:5630...
IMMEDIATE SUPPORT :5606
IF BREAKS 5606 NEXT SUPPORT 5587 & 5566 BELOW THIS NIFTY WILL SHOW WEAKNESS

IMMEDIATE RESISTANCE:5648
IF BREAKS 5648 NEXT TARGET WILL BE 5681 "5700" WILL BE NEXT TARGET FOR BULLS REACHING THIS LEVEL NIFTY NEEDS MORE FII MANIPULATION

option data's suggesting no harm for bulls until it stays above 5600 and it seems to be bulls covering "5600" too ..........

i.e: why i am mentioning fii manipulation because they can take out breath of nifty in one single day even one single stroke

OVER ALL NEXT WEEK NIFTY NARROW BOND EXTENDED FROM 5400-5600 TO 5400-5700

regards & love

PEARL KUMAR