TO GET LIVE TRADING TIPS WHATSAPP YOUR NAME SEGMENT ON 9039542248
OR FILL THE FORM VISIT https://niftytipsniftylevels.blogspot.com/p/enter-mobile-number-for-2-days-trial.html
India's relatively better macroeconomic growth has added momentum to the
ongoing rally, with robust April GST figures providing further impetus even as
global markets remain sluggish to negative. The rally in IT, metals and energy
stocks helped benchmark indices sail above key levels. The Sensex was up 292
points, to 61419 and the Nifty was up 102 points, percent, to 18167.
As an indication that the bulls are tiring after the recent rally, Nifty
formed a bullish candle with a small body and smaller upper and lower shadows
today. Chartists are pointing out that the index has been making higher highs
for the past six trading sessions and supports are gradually shifting higher.
Now it needs to hold above the 18150 zones to see an upward move towards the 18200
and 18250 zones while on the downside placing the supports at 18150 and 18100
marks. The Fear Gauge Index India VIX rose 8.65% to 11.89 from 10.95.
Volatility rose during the session but overall lower levels have comforted the
bulls despite the rise in the Indian VIX. Options data suggests a broader range
between the 17800 and 18200 zones, while an immediate range lies between the 17950
and 18100 zones.
Resistance: 18200, 18350, 18500
Support: 18100, 17950, 17800
The securities quoted are for illustration only and are not recommendatory . Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
No comments:
Post a Comment