NIFTY TODAY
Bears continue to rule dalal
street & took nifty below 10700 mark. The Sensex ended nearly 400 points
lower. At the close of market, the Sensex was down 377 points at 35513 and
the Nifty lower by 120 points at 10672. It’s the anxiety on global front which
is haunting our markets now. And it may continue to linger for some time and
then earnings season would take over.
NIFTY TOMORROW
The near-term metrics are
mixed. The sharp fall clearly indicates lack of confidence among market players.
Market’s daily strength indicator RSI has turned bearish along with a negative
crossover, which supports bearish sentiments. Aggressive traders
with high risk appetite can consider short positions on the index with a stop
loss above the 10800 mark on a closing basis and look for an initial target of
10550.
DAILY
RESISTANCE FOR NIFTY: 10800,10900,11000
PIVOT POINT:10700
PIVOT POINT:10700
DAILY SUPPORT FOR NIFTY : 10650,10550,10450
No comments:
Post a Comment