NASDAQ weekly-4780 is major support reversal tgts 4985-5100

NASDAQ future weekly chart 9 april 2016 NASDAQ future this week closed with loss at 4850.   Weekly chart price trend and momentum both are strong bullish.   On downside 4780 is major support and above it NASDAQ future will remain bullish and buy.   On upside 4985 and 5100 are target zones as well as resistance levels for month of April.   Any weekly closing below 4780 means fresh bearish trend for index future with downside targets at 4670 and 4470.

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Pramod Baviskar

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