Wednesday, January 10, 2018

NIFTY PREDICTION & TCS VIEW FOR 11 JAN 2018

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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

3 comments:



  1. MARKETS SETTLE NEAR DAY'S LOW.what about tomorrow ????

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