Markets for the week ahead
Nifty marginally closed higher, which was much needed on weekly closing. 15444 is the weekly swing low and that should be protected in order to see a further rally towards 17000. its just ended near to weekly lower channel as of now. Further, close above 15950 confirms the trend towards 17000. On a daily basis, took support closer to the lower Bollinger band 15627, which also happens to be the larger trendline support, which’s a welcome sign for the bulls….