NIFTY 50 VIEW
Nifty 50 (10772)
• Nifty has given a positive close with a doji hammer in weekly charts last week indicating uptrend can resume in coming week.
• 10840-10850 still remains a caution area as it has been acting as stiff resistance from last month.
• On trading above 10850, it can enter in a rally towards 10930-11000.
• Trading below 10700, it can shed to 10640 (positional support) trading below it can show 10540 for the week.
Nifty 50 (10772)
• Nifty has given a positive close with a doji hammer in weekly charts last week indicating uptrend can resume in coming week.
• 10840-10850 still remains a caution area as it has been acting as stiff resistance from last month.
• On trading above 10850, it can enter in a rally towards 10930-11000.
• Trading below 10700, it can shed to 10640 (positional support) trading below it can show 10540 for the week.
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