NIFTY WEEKLY PREDICTION(27th JUNE TO 1 st July 2016)

Nifty Making Spinning top bearish candle on weekly chart means Real body is small on weekly chart and wide range of price movement throughout trading week. Means after prolonged uptrend bulls are losing interest as per weekly chart analysis and reversal may be come soon. For next week I can assume  that if Nifty spot provided closing above and sustain above

8048 then remain in bulls will be remain in trend and if below this level then might be bears can take control once again and it can go up to 7800-7700.

NIFTY SPOT CLOSED @ 8088

5DMA@8178
20DMA@8145
50DMA@7999

WEEKLY EXPECTED RANGE IN NEXT WEEK FOR NIFTY

SUPPORT 7782

RESISTANCES 8243