Nifty Weekly chart.

The chart above is the weekly chart if Nifty where we havnt seen ny positive movement in the past two weeks and market have closed at the same level of around 5200. Support is found at the level of 5200 where 21 EMA lies...! Looking at the MACD indicator the short period average have crossed the long period which indicates the negative movements aheads ROC is as well showing negative movements But ROC in showing the possibility of positive movement at as 8 days avg is above the 13 days avg. Overall if Nifty sustain the level of 5200 and stay above the 21 days positive movement can be seen. Failing to that 5080 and 4950 can be seen in medium term. This post is just for education purpose!