WEEKLY
RESISTANCE FOR NIFTY: 10472,10512,10541,10570
PIVOT
POINT: 10431
WEEKLY
SUPPORT FOR NIFTY : 10402,10373,10333,10292
WEEKLY CHART FOR NIFTY
DAILY
RESISTANCE FOR NIFTY: 10490, 10512,10524,10535
PIVOT
POINT:10468
DAILY
SUPPORT FOR NIFTY : 10457,10445,10423,10401
DAILY CHART FOR NIFTY
Sensex opened the week
at 33685, made a high of 33707, low of 33180 and closed the
week at 33685. Thus the Sensex closed the week with a gain of 8695 points.
At the same time, the Nifty opened the week at 10380, made a high
of 10492 low of 10350 and closed the week at 10489. Thus the
Nifty closed the week with a gain of 133 points.The Sensex and Nifty were
trading marginally higher on Friday after hitting a record high at open as
financials gained, while healthcare and energy stocks edged lower as investors
took a breather after a prolonged rally.
Nifty,
Sensex end on a tepid note
Markets
current rally which started in December 2016 going from strength to strength
even as the bulls continue their domination over the bears. Both the indices
are at historic life-time high levels. As the Trend in all timeframes continues
to be positive, one needs to adopt a ‘Buy on every Decline’ strategy. As the
upward price movement continues. The upward rally has been continuing without
any major Correction. Both the indices are in dire need of both prices as well
as time Correction.