[sharetrading] Weekly TA

 

By Hitendra Vasudeo

Last week, the Sensex opened at 17034.92 attained a low at 17027.92 and moved up to a high of 17215.07 before it finally closed the week at 17167.96 and thereby showed a net rise of 173 points on a week-to-week basis.

Support will be at 17027-16994. On a fall and close below 16994, we could see a situation of a near term top and a lower top formation against the earlier peak of 17790.

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