Bears lost last week but.......

It was Mangal all the way. Indian Markets blasted off like they had not done even in hightime Bull Market. For 5 straight days Nifty zoomed 749 points from the low of 3790 on July 16th. The rally could have gone abated had it not faced the upper trendline of the downward channel. Couple this with the fact that some intelligent traders had other thoughts at 4500 levels.

Next week is a sell week with Slow Stoch pointing downwards.However as next week is an expiry week it will be an operator driven market.

Key Upside Levels : 4123, 4174, 4225, 4276, 4327, 4378, 4429, 4480, 4514
Key Downside Levels : 4482, 4425, 4368, 4312, 4255, 4198, 4141, 4085, 4047, 4028, 3971, 3914, 3858, 3801, 3744, 3687, 3631