Nifty Weekly Technical View for Week Starting 24 August

Markets finally broke out of the range and ended the week on very ‘Positive’ note, with NIFTY gaining 1.44% or 79 points or over the week. NIFTY is now hovering around 30 months high. In the coming week, Expiry of AUG contracts in F&O and resurfacing of Economic concerns in global arena are likely to induce volatility in already over-leveraged markets. Roll-overs to SEPT series would indicate the Trend in near term. FII’s support had been robust so far with they having bought Indian equities worth a net Rs 7029 …
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