NIFTY WEEKLY ANALYSIS - OCTOBER 2ND WEEK

Nifty looks oversold and it can give strong short covering upto levels of 25700-800+ . Global tensions are the only concern which can drag nifty further towards 24800-700 , but if we don't get any major negative global news then for sure nifty will give strong short covering . NiftyIT will play major role in short covering!!!