WEEKLY TECHNICALS

Last week, Nifty traded in range of 200points, so the weekly range will play an important part in the psychology of traders. Pivot for this week is NF 4561 for target 4646-4675 with break out over 4715. Weakness will continue as long as NF trades below 4537 and break down below 4484-4475. Remember strong resistance of NS 3648 (sensex 15580) and support of double bottom at 4451-4453