Nifty Weekly Technical Analysis for Week Beginning 27 Feb

The much anticipated downward correction materialized during the week gone by.Nifty corrected after 7 weeks of breath taking rally which was surprise for most of market participants.
Nifty is approaching monthly closing in next 3 days which will be keenly watch.

Nifty Hourly Chart

On Hourly chart Nifty was able to fill 2 gaps as shown in above charts still 4 more gaps needs to be filled.

1 Gap :4641-4676

2 Gap:4744-4772

3 Gap:4879-4905

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