Mighty Nifty - Weekly Review Jan 16 - Jan 20

Price once again tested the rounding bottom support 17750 - 17800 is the trend deciding level. Buy above 17840 with the stop loss of 17800 for the targets 17890, 17940, 18000, 18060 and 18120. Sell below 17760 with the stop loss of 17800 for the targets 17720, 17660, 17600 and 17560. To get strong upside move, the price have to break the trend line with strength and sustain it.