NIFTY WEEK AHEAD

Nifty still seems to enjoy range-bound market

Nifty Weekly Range 4975 - 5146

Any stability beyond these levels will produce breakout

Nifty Weekly closing support for long stand at 4821

Nifty needs to beat the level 5157 for good upside breakout

Nifty trading Support 5104-5080-5050-5011-4978

Nifty trading Resistance 5157-5191-5226-5260

Hedge Nifty Longs with PUTs [advised on Friday trading session also]

Key levels for this week - 4960-5157 spot