WEEKLY
RESISTANCE FOR NIFTY: 10654,10696,10800,10904
PIVOT
POINT: 10592
WEEKLY
SUPPORT FOR NIFTY : 10550,10488,10384,10280
WEEKLY CHART FOR NIFTY
DAILY
RESISTANCE FOR NIFTY: 10765,10806,10910,10962
PIVOT
POINT:10702
DAILY
SUPPORT FOR NIFTY : 10661,10598,10546,10494
DAILY CHART FOR NIFTY
Sensex opened the week at 34403, made a high of 35036,
low of 34403 and closed the week at 34969. Thus the Sensex closed the
week with a gain of 554 points. At the same time, the Nifty opened the week
at 10600, made a high of 10744 low of 10554 and closed the week
at 10723. Thus the nifty closed the week with a gain of 128 points. Indices
ended sharply up on Friday at two-month highs, triggered by corporate earnings
and taking cues from global peers. Markets begin May series on a stellar note
with both Nifty and Bank Nifty index futures witnessing more than 1% gains. The
rally in the indices was backed by strong build-up on the long side.
for nifty HAVE TO WATCH 10950 as strong
RESISTANCE level
As predicted by
us in our last weekly report “nifty seen 22&55 ema
@(10400) and 200 ema @(10165)as strong support level “and exactly same happened. They managed the support level of 10400
and pull nifty above the given resistance levels of 10600 and achieved all the
target at 10720 and closed the week with made a high of 10744. And for now
nifty will see 10630,10590 as support levels and 10800,10950 as a resistance
level.