Stock Market – Market Outlook for this Week!
Stock Market – Nifty started the week on a flat note however selling pressure throughout the week led the index to end on a weak note. Nifty closed at 17476 with a loss of 309 points on a weekly basis. On the weekly chart the index has formed a long bearish candle forming lower High-Low compared to previous week indicating weakness at current levels. The chart chart pattern suggests hat if Nifty crosses and sustains above 17700 level it would witness buying which would lead the index towards 17900-18100 levels.
However if the index breaks below 17400 level it would witness selling which would take the index towards 17100-17000.
Nifty CMP- 17476
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