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WEEKLY RESISTANCE FOR NIFTY: 9202, 9224, 9238, 9261
WEEKLY RESISTANCE FOR NIFTY: 9202, 9224, 9238, 9261
PIVOT
POINT: 9193
WEEKLY
SUPPORT FOR NIFTY : 9179,9157,9148,9126
WEEKLY CHAT FOR NIFTY
DAILY RESISTANCE FOR NIFTY: 9225, 9244, 9275,9306
PIVOT
POINT: 9207
DAILY
SUPPORT FOR NIFTY : 9176, 9145, 9126,9106
DAILY
CHART FOR NIFTY
Sensex opened the week
at 29752, made a high of 29838, low of 29442 and
closed the week at 29461. Thus it closed the week with a loss
of 245 points. At the same time the Nifty opened the week
at 9225, made a high of 9246, low of 9144 and closed the
week at 9150. Thus the Nifty closed the week with a loss
of 48 points.The four per cent drop in shares of Infosys on
Thursday is likely to impact several equity funds
SHORT TERM TREND TURNS DOWN.
The indices have witnessed
a breathtaking rally in the past three months. Market participants are awaiting
a Correction so that they can enter. But the market was in no mood to oblige
and has continued its upward journey without any meaningful Correction. On
Thursday, for the first time in 2017, the short term trend has turned down and
thus one can expect some downside. The fall will be restricted as strong
support will be seen in the form of Bullish Weekly Gap between 9060-8977
for the Nifty.