This week nifty give a 9% bounce what a great bounce .This bounce show the strength of market so buy on every dip.I am know in bear camp i am bullish only if nifty close above 4450-4510.

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DAILY CHART

In daily chart nifty near the strong resistance zone4450-4510.If nifty not cross this level we see a down trend 3900-3600.or nifty cross the level 4510 the down trend is terminated than 4800 is possible. RSI show some strength in this week.MACD +ve divergence .

WEEKLY CHART

In weekly chart nifty trade in a range 4600-3900.nifty give a positive move cross above the 4700.RSI &MACD looks +ve as compare to last week.

MONTHLY CHART

Monthly chart is most bullish as compare to daily & weekly chart.volumes are gradually increase RSI & MACD is giving a signal for big up move,i think if nifty cross the 4700 level we can see the 6000 level.

OVERALL

Long range4700-3900 .