10 July 2018

MARKET CHARGED WITH POSITIVE CURRENT

"TATAELXI FUTURE GIVEN IN THE LAST POST ACHIEVED  1ST TGT... 5600 PROFIT IN JUST 1 LOT.
CONTINUE TO HOLD FOR FINAL TGT "
TO GET LIVE MARKET CALLS JOIN US @ JUST 6000 MONTHLY/12000 QUARTERLY ONLY 
Bulls run continued in Tuesday’s trade . The nifty future has crossed the hurdle of 10900 & made a high of 10959 & finally closed at 10948 up by 88 points. concerns over a looming trade war that has dominated headlines for the past one month seem to have eased for the time being and is completely priced in. Globally, investors have shifted their focus from trade tensions to June earnings. Hopes of a major earnings recovery in the second half of FY19 are driving the market rally.
MARKET OUTLOOK FOR 11 JULY  2018
Bulls rally will be continued in Wednesday session also. Supports are shifting higher gradually. As long as Nifty holds above 10875 , the momentum could extend towards 11000 and then its lifetime high of 11,171. On the downside, major support exists at 10775 and then 10,725 levels. Nifty appears to have registered a decisive breakout, thereby shrugging off the last eight weeks of range bound behavior, as it registered a solid bullish candle with a strong gap up opening. With this decisive breakout, after a pause of two months, Nifty50 can be heading to retest its life time highs placed around 11171 levels registered in February.
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Resistance: 10975, 11000, 11075
Support: 10875, 10835, 10775

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