Nifty

 

Nifty has closed above the resistance on weekly basis . This is not the time to short based on the assumption that it cannot go further . Long should be created and sl will be closing below 6300. 

Bharti

As expected Bharti has bounced back from support at 290 . Short term target is 330.

Technical updates on Nifty and PNB

Nifty

Nifty has once again reached resistance at 6330 . Unless this level is breached on weekly close basis we cannot expect further rally . 

PNB

PNB is forming lower high lower low in weekly chart . Now it has reached trend line resistance . Traders can consider short if it closes above trend line resistance then loss should be booked .