Nifty weekly levels - 26 th September - 30th September

As per the longer to medium term trend Nifty has not come out of the bearish trend and the trend reversal would happen only if Nifty could cross 5200 levels on the upside.On the shorter term Nifty should test 4700 - 4750 levels on the downside and nee to confirm whether it could hold these major bottom levels.For the next week we can simulate two situations.

1. If Nifty forms at bottom at Friday's low of 4820 and bounce back .