Book Profits in Nifty | Technical chart | 16-Feb-2012
Below is the technical chart of Nifty, on weekly time frame, using some technical indicators. But we’ll focus main on Ichimoku kinko hyo indicator.
![Nifty Technical Chart](https://investmentkit.com/media/posts/3724/nifty-technical-chart-2.png)
On weekly time frame chart, Nifty has touched the upper line of Kumo, which was high resistance zone. It can not cross such a resistance zone without any correction. So, I suggest to book your profits at this stage and sit on cash. On the downside, its support is at 5330 and then at 5287. Enter at these levels again.