MARKETS LOOK TRICKY NEXT WEEK

The markets broke the resistance of 20180 for a move towards 20740.

Only a break above 20740 will result in index moving higher to

21108 & 21300.

It is quite likely that the index may decline to 20075 & 19760 in the

Coming week. Short term trend will reverse on a strong move below

19760. The downward targets are 19250 & 19000.

The NIFTY remained above the short term resistance of 5976.

Failure to move above 6142 will result in NIFTY sliding to 5952 or

5850. A sharp move above 6142 will take it to 6332. Short term

Traders should exit long positions on a close below 5952.