Monday, 16 July 2018

NIFTY 50 VIEW

NIFTY 50 [11018]

▪NIFTY SHOWED MUCH AWAITED 11000 MARK LAST WEEK BY MAKING A HIGH OF 11078.

▪POSITIONAL CHARTS ARE INDICATING A FURTHER RALLY TOWARDS FRESH HIGHS, IN THE UPCOMING WEEK.

▪NOW, 11060 IS ACTING AS A SHORT TERM RESISTANCE AREA FOR THE INDEX, IF MANAGES TO SUSTAINS ABOVE THIS, THE INDEX CAN SHOW 11100- 11130- 11150 LEVELS.

▪SHORT TERM SUPPORT ZONE LIES AROUND 11000, BELOW WHICH THE INDEX CAN SLIDE TO 10980-10960 LEVELS.

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