Nifty and Bank nifty turned to positional sell mode on last friday during the second hour of the trading. Currently both nifty and bank nifty resistance come near 5709 and 9991 respectively.
Nifty Spot Weekly Charts
5 EMA – High low strategy on the weekly nifty spot shows the intermediate weekly resistance at 5612. So any close above 5612 on weekly closing could bring potential reverse on the buy side.