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On 10 January 2018 trade the market got
off to a tepid start as investors held ground after the bull run. The sensex
closed marginally lower on Wednesday, breaking a four-day winning streak, as
investors were cautious ahead of key corporate earnings later this week. Both
the indices opened higher with Sensex hitting an all-time intraday high of
34565 and the Nifty 50 touching its record peak of 10648 intraday. TCS
rallied nearly 4 percent ahead of third quarter earnings tomorrow. Nifty future
has opened at 10643 made a low of 10596 and closed at 10635.
Going into trade on Thursday, the levels
of 10630 shall remain critically important for the nifty future. Nifty future will
have to move past and trade above 10630 levels to avoid any weakness. Any slip
below this level will see the market being forced into some more corrective
consolidation. The levels of 10675 and 10700 will play
out as resistance area for the market in event of continuation of upmove. The
supports come in at 10575 and 10550 area.
RESISTANCE: 10650, 10700
PIVOT POINT: 10600
SUPPORT: 10575, 10550
ReplyDeleteMARKETS SETTLE NEAR DAY'S LOW.what about tomorrow ????
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