WEEKLY TECHNICAL REPORT

24 AUG TO 28 AUG 15

www.zoidresearch.com ZOID RESEARCH TEAM

CNX NIFTY 8299.95 (-218.05) (-2.56%)

Last Week Nifty open ed with some

positive bias on Monday and made a

high at 85 30.60 , & close at 8477.30.

The remaining trading session of the

week Nifty continues head at on sell

and continues create a support zone

at low to low . On Thursday nifty close

on a strong bear note at 8372 . On

Fr iday volatile session on a weak note

& nifty breach the support zone &

create a new support at 8225 -8210 ,

the CNX Nifty closed in red , nifty

ended down at 8299.95 . We are

recommend ed The Nifty is b earish;

sell at 8300 target is near 8150 -7950.

The nifty ended the conclude week

with a losing of (-2.56%) or ( -218.05 )

Formations

The 20 days EMA are placed at

8450.36

The 5 days EMA are placed at

8398.78

Future Outlook:

The Nifty daily chart is bearish ; Nifty

is downtrend if is trading below 8300

our positional target is 7950. Nifty

selling pressure near 8 300 -8350.

Nifty Upside weekly Resistance is

8650 -8480 level .

8225 .25 , this level is strong support

point. The Nifty weekly support is

8220 -8050