NIFTY WEEKLY

NIFTY WEEKLY CHART.
Nifty weekly charts show resistances at 4460-4470 while there support at 4160 and then at 3960 levels, also in the weekly chart the RSI took support at 70 odd levels for the time being. Bit of good news is that the volume in this week was as good as the one in the previous week when the selling took place, so the nifty needs to clear the 4500 mark with high volume if the uptrend has to be maintained.