NIFTY VIEW
The Nifty has given a strong recovery during the week, bottoming out near 11,830 levels. With a close above 12,000 levels, Nifty gets its weekly trend turned up. Also, the RSI at 63 levels brings in strength for further upmove. However, the support for the week is seen at 40,370 while the resistance is seen at 41,630 for the Sensex. The weightage among Nifty50 stocks is still tilted more on corrective. Bank Nifty would have a range of 31,370-32,650. Auto and Capital goods look favorable from here on along with Cement sector.
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