Nifty weekly chart
Last week Nifty has breached another resistance . 6550 will act as strong support . As we all know earlier Nifty was trading within a range of 375 points ( 6345 to 5970) . After the breakout above 6345 technical target was (6345+375) 6720 . Nifty has already achieved this target and now there could be possibilities of consolidation.
