Nifty resting on 200 WMA

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