Just some observation on weekly chart - After breaking out of 14474-77 levels in 1st week of Feb, Nifty
has re tested this level 5 times, made new lows but weekly closing has never been below 14474-77 as of now. And 14474-357 looks like a good demand zone
on weekly chart. Also a hidden bullish divergence
is observed in the chart. So view would continue to be bullish
as long as weekly closing is not below the above mentioned levels.