Thursday 30 August 2018

NIFTY 50 VIEW

NIFTY 50 [11691]

▪NIFTY TRADED IN A VERY NARROW RANGE ON WEDNESDAY, AHEAD OF AUGUST SERIES EXPIRY.
IT SHED MORE THAN 50 POINTS IN THE LAST HOUR & BREACHED ITS SHORT-TERM SUPPORT LEVEL OF 11680.

▪TODAY, IF MAINTAINS BELOW 11680, IT CAN SLIDE DOWN TOWARDS 11660-11630 LEVELS.

▪TRADES ABOVE 11740 WILL BRING SOME UPTREND IN THE INDEX TOWARDS 11780-11800-11820 ZONE.

▪TODAY, BEING SERIES EXPIRY, SESSION CAN BE MORE VOLATILE.

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