As said on last week, NIFTY cannot move beyond its DOUBLE TOP level 5293and formed CHANNEL in the zone. In coming sessions NIFTY have tendency to raise above 5290 however have a resistance at 5310 level. Also the 15day RSI indicates OVER BROUGHT in NIFTY. The negative trend penetrates only a close below 5200.


In coming trading days, 5310, 5326, 5344, 5371 will be resistance and below 5200, 5125, 5110-00, 5050 might be supports.


Our last week call, CANBK reached all the targets, ABAN managed at 1180, RELCAP reached 1st target. RELCAP can be considered for next week too. Above 787 it may touch 800, 805.