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Technical analysis @ AV-Analytics

Dear All , Nifty this week [21/5/2018 to 25/5/2018] Nifty this week is giving mixed set if signals. Nifty may open gap down. First support is at 10506 and second support is at 10433. These supports need to be watched this week. On monthly charts Nifty seems to be moving into consolidation phase which may last for few months. Monthly closing of this month will give the clarity on Nifty. Hold on, on the sidelines till the clarity comes. Disclaimer: The views stated above are based on my reading of the technical charts. You are expected to research before taking any decision.

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