Nifty weekly close as on 17.8.2012: 5366.30 ... 0.06%
Moving averages (simple) of nifty:
| 5 D | 8 D | 13 D | 20 D | 39 D | 50 D | 200 D |
| 5356 | 5347 | 5305 | 5244 | 5242 | 5212 | 5115 |
From charts it is seen that nifty is trending bullish which means buying on decline at support shall be rewarding strategy for the this trading week. However consolidation in nifty can not be ruled out.
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