“I HOPE THAT 2017 HAS BEEN
A SUCCESSFUL YEAR FOR YOU!
THANK YOU FOR TAKING
THE TIME TO INTERACT WITH US, WE ARE VERY THANKFUL!
AND WISH
YOU THE VERY BEST FOR THE NEW YEAR 2018...!!!!
WEEKLY
RESISTANCE FOR NIFTY: 10527,10573,10647,10739
PIVOT
POINT: 10509
WEEKLY
SUPPORT FOR NIFTY : 10481,10435,10371,10279
WEEKLY CHART FOR NIFTY
DAILY
RESISTANCE FOR NIFTY: 10562,10593,10611,10630
PIVOT
POINT:10531
DAILY
SUPPORT FOR NIFTY : 10512,10494,10462,10432
DAILY CHART FOR NIFTY
Sensex opened the week
at 33838, made a high of 34106, low of 33816 and closed the
week at 34056. Thus the Sensex closed the week with a gain of 116 points.
At the same time, the Nifty opened the week at 10540, made a high
of 10599.95 low of 10469 and closed the week at 10556Thus the
nifty closed the week with a gain of 63 points. Sensex and Nifty closed higher in
the final trading session of 2017, with the Sensex gaining 110 points and Nifty
crossing the 10,500. Besides, beginning of January series in the futures and
options segment accelerated buying by participants, which supported the upside.
All the sectorial indices led by power, capital goods, infrastructure and
healthcare were up.
HOLD LONG POSITION IN NIFTY
WITH SL OF 10440
As predicted by us in our last weekly report “nifty will trade towards 10520-10600”
and exactly same happened rally of bulls was continuing in this week. They
managed to pull nifty above the support levels of 10400 .and achieved target of
10520 and closed the week near to final target 10600 with made high of 10568 at
all time high. And for now nifty seen as a support levels at 10440 and the
resistance level at 10570.