- Nifty is making Tweezer Bottom on weekly chart which is a bullish sign
- Nifty is testing 200 WMA
- Touching lower Bollinger Band on weekly basis
- Last week was 13th week in downtrend, which was a Fibonacci number
- Next week any close above 4960 is a bullish signal for a minimum target of 40 WMA @ 5080
- Any closing below 4890 (last week opening) may lead to 200 WMA @4820 then 300 WMA @ 5720
- Bulls needs to protect 4888 on closing basis to survive

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