Nifty and Sensex near year lows; Further weakness is expected; Weekly trend analysis for May 14, 2012 to May 18, 2012

Nifty and Sensex near year lows; Further weakness is expected; Weekly trend analysis for May 14, 2012 to May 18, 2012

Sunday, May 13, 2012
NIFTY Trend-Weak
SENSEX Trend-Weak
If NIFTY breaches 5050 and stays above at least 4989 with good volume then NIFTY trend is becoming 'STRONG' and may see 5120, 5200 and 5250.If Nifty breaches 4808 and stays below 4869 then NIFTY trend is to be 'WEAK'.Then expected lower targets are..................................

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