WEEKLY RESISTANCE FOR
NIFTY:10900,10950,11000
PIVOT
POINT: 10750
WEEKLY
SUPPORT FOR NIFTY : 10700,10650,10600
WEEKLY CHART FOR NIFTY
DAILY RESISTANCE FOR NIFTY:
10845,10885,10925
PIVOT
POINT:10725
DAILY
SUPPORT FOR NIFTY : 10700,10675,10650
DAILY CHART FOR NIFTY
A highly volatile week has ended on
positive note. The nifty future has started the week from 10807 made a high of
10829 and low of 10550 and finally closed at 10686 up by 118 points. After falling two
consecutive session Sensex registered gain of nearly 400 points on Friday while
the Nifty reclaimed 10700 levels thanks to value buying at lower levels. The
index was trading near key support levels and a technical bounce back was on
the cards. The bulls made their way on D-Street tracking rally in global peers.
The rupee, which breached the 69 per dollar mark for the first time in the
previous trading sessions also recovered. Markets started the June F&O
series on a positive note with all the major indices closing in the green. Nifty
outperformed Bank Nifty index by ~1%. Nifty ended the session 125 points
higher, reversing yesterday’s loses.