NIFTY PREDICTION & FREE NIFTY TIPS FOR 17 JUL 2018

"SELL JUBLIFOOD BELOW 1420 TGT 1411/1400 SL 1429"

"BUY MINDTREE FUTURE ABOVE 1092 TGT 1104/1119 SL 1078"

It was a tough day for bulls. Bulls could not continue the good start as nifty dropped below the support level 10950 & finlly closed the nifty future at 10947. Nifty future has started on a flat note at 11020 than came down & made a low of 10931. The Sensex lost 217 points to settle at 36323. The Sensex rose 117 points at the day's high of 36658 in early trade. The index fell 242 points at the day's low of 36298 in late trade.The nifty future found support near the 10930 level, which now acted as a support as per the principle of role reversal. On the downside, 10900-10850 is a crucial support zone to watch out for. Extension on the upside is plausible as long as the bulls manage to hold on to the support zone. In the near future, we may witness profit-booking (this week) as Nifty formed a 'Shooting Star', which is treated as a short-term reversal pattern. We expect the short-term trend to reverse only after Nifty trades below the low of 10800, which is also a crucial support while resistance is around 11075 mark.

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Resistance: 11075, 11100, 11125

Support: 10900, 10875, 10850