NIFTY Weekly Technical analysis

NIFTY WEEK CHART - 1

NIFTY WEEK CHART - 2

NIFTY WEEK CHART - 3

• Weekly stochastic has given a sell
• It coincides with the weekly trend line break. And as you can see from the charts this even has given a good trade on the short side last 2 times.
• supports might come only around 4950-5000.