Nifty data

The index is likely to test 4800-4770 levels where the support line is
placed can be seen as it has already its support level of
4900

The index is still making the lower tops lower bottoms formation. It is
important for the nifty to hold its previous intermediate
low of 4758 breaching of which will drag the index to
much lower levels. Technical indicator Stochastic is in sell
mode turning back from 50 levels witnessing for a
weakness.


Conclusion
The index is likely to see a range of4750-5000in  
upcoming week. A breach on either side of the range will
resume the trend.