Nifty weekly chart

Nifty has breached channel support and after that there is a steep fall . The thickness of the channel is 600 points and since Nifty breached support at 8600 there are possibility that it will reach 8000 in coming days . Support level is at 8260 . If there is a sign of reversal in the trend it will be updated .

 

Nifty weekly chart

Nifty has continued uptrend after bouncing back from support level . It is likely to face resistance around 9000 . Once it closes above this level on weekly basis . It can form new high .

Havells

Havells is facing resistance around 280 where 20WMA is located . Wait for close above this level on weekly basis andthen buy aggressively . Sl will weekly close below MA .