NIFTY 50 - weekly Levels

Last week candle was a big bullish candle which opened near its low and closed near its high however the said candle looses its importance because its formed at multiple price resistance [ previous support turned resistance, falling gap resistance and fib resistance].

Thursday closing came at 9859 and seeing the weakness in the US markets we are expecting a huge gap down [ 400 - 600 points ] opening in our markets.

Support levels for coming week 9250, below which selling will accelerate and index may test 8550 and 7500 levels again.