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Analysis Speech for The week
Short Covering On Expiry Puts Bulls Back In Ring

Spot Nifty
The Nifty futures closed and settled finally at 5472, up by 81.35 points or 1.51 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5490 else below support level of 5415 it would be in a downward trend.

Bank Nifty
Bank Nifty Futures shut stop at 10638.55 up by 254.80 points or 2.45 % It is looking bullish in the coming trading session if it manages to trade above the resistance level of 10682 else below support level of 10430 it would be in a downward trend.

ACC
The stock is consolidating currently. It now has next support at 960, breach of this level may continue the bearish trend of the stock else it may also bounce back from lower support levels and has resistance at 1002, crossing of which will take it further upwards.
R- 102
S- 960

Bharti Airtel
The stock is currently consolidating; it has support at 363, breach of this level may take the stock further down while it has resistance at 376.50, crossing of this level may take the stock upward. One has to wait for crossing of levels on either side.
R - 376.50
S - 363

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