CNX NIFTY
In the weekly chart of Nifty Futures, we saw much buying in Nifty index and Nifty Futures, In the weekly chart of Nifty we can see continuous up trend from past weeks, In the weekly chart Nifty Futures took a support of 21 day’s moving average of 6370.00 and from there we saw bullishness in Nifty Index, in the opening of the week we saw selling in Nifty and Nifty futures traded with the weekly low of 6696.85.00 but near the end of the week Nifty recovered and made a Life time high of 6861.25 in which we saw top weekly gained in SUNPHARMA with +9.85%, +56.35 Rs Changes, and NMDC with 7.59%, +10.65 Rs change and we saw top weekly Loosed in JINDAL STEEL with -6.49%, -19.45 Rs change, and TECHM with -4.06%, -73.55 Rs change. In the Last weekly chart Nifty made a positive Spinning top and on this behalf we can go for buying in Nifty for the weekly target of 7000.00.
SORUCE : Weekly Derivative Future Roundup for the Week Ended April 15, 2014