Monday, December 31, 2018

NIFTY VIEW & FUTURE OPTION TIPS FOR 1 JAN 2019

NIFTY TODAY
It’s a rather somber end to the market on the last day of 2018. Global cues kept the market in check. The Nifty ended 2018 below 10,900 mark. At the close of market hours, the Sensex was down 8 points at 36068 and the Nifty up 2 points at 10862. 
NIFTY TOMORROW
Nifty has been making higher highs and higher lows for last week and now if it negates the same by holding below 10900 levels, then it may decline and retest its major support at 10750 level. On the upside, it faces resistance at 10950 and then 11000 levels
DAILY RESISTANCE FOR NIFTY: 10950,11000,11100
PIVOT POINT:10850
DAILY SUPPORT FOR NIFTY :  10750,10700,10600

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