NSE Nifty fifty index closed at 8114.30, after breaking the losing streak. Nifty made weekly low of 7916.40 and closed with the gain of 40.20 points on weekly basis. Nifty may continue its bull trend and try to test the crucial level of 8225 in the short term.
It will be a wait and watch strategy at the level of 8225.
Closing and holding above the level of 8225 it may show some more bullish trend to the level of 8275-8340.
Vice versa Nifty is trading below the 100 DMA and may find stiff resistance at 8225 level. Trading below this level it may continue to trade in south zone.
For Monday, Nifty above the level of 8130 may continue the bull trend to the level of 8150-8185 and 8210. Nifty hold decent support at 8080 below which it may show more correction to the level of 8055-8030.