NIFTY 50 8779.85(46.90) (0.53%):
On Monday, Nifty started the week with a massive downside gap on mounting fears over Fed Rate cut. However, we witnessed consolidation in a small range throughout the remaining part of the day to close tad above the 8700 mark. On Tuesday, market were closed due to the occasion if the Id-Ul-Fitar. Next day, market opened on a flat note on mixed global cues. Subsequently, we saw a gentle selling pressure in the initial hour to sneak below the 8700 mark by a small margin. On Thursday, we had a flat opening in our market as indicated by the SGX Nifty. It was yet another day of consolidation but this time, with some positive bias as the index managed to show some recovery in the latter part of the day. On Friday, Nifty closed higher for third consecutive session but were-off day's high due to some profit booking in afternoon trade. The Nifty50 opened the week at 8732.95, made a high of 8847.65, low of 8688.90 and closed the week at 8779.85. Thus, the Nifty closed the week with a gaining of 46.90 points or 0.53%.
Formations:
Weekly Pivot Levels for Nifty 50 Stocks:
Script Symbol Resistance2 Resistance1 Pivot Support 1 Support 2
NIFTY 50 8853 8813 8765 8725 8677
DISCLAIMER:
Stock trading involves high risk and one can lose Substantial amount of money. The recommendations made herein do not constitute an offer to sell or solicitation to buy any of the Securities mentioned. No representations can be made that recommendations contained herein will be profitable or they will not result in losses. Readers using the information contained herein are solely responsible for their actions. The information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. The above recommendations are based on technical analysis only.
NOTE: WE HAVE NO HOLDINGS IN ANY OF STOCKS RECOMMENDED ABOVE
Email: info@tradebizzindia.com
Website: http://stocksfuturetip.in/
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On Monday, Nifty started the week with a massive downside gap on mounting fears over Fed Rate cut. However, we witnessed consolidation in a small range throughout the remaining part of the day to close tad above the 8700 mark. On Tuesday, market were closed due to the occasion if the Id-Ul-Fitar. Next day, market opened on a flat note on mixed global cues. Subsequently, we saw a gentle selling pressure in the initial hour to sneak below the 8700 mark by a small margin. On Thursday, we had a flat opening in our market as indicated by the SGX Nifty. It was yet another day of consolidation but this time, with some positive bias as the index managed to show some recovery in the latter part of the day. On Friday, Nifty closed higher for third consecutive session but were-off day's high due to some profit booking in afternoon trade. The Nifty50 opened the week at 8732.95, made a high of 8847.65, low of 8688.90 and closed the week at 8779.85. Thus, the Nifty closed the week with a gaining of 46.90 points or 0.53%.
Formations:
- The 21 days EMA are placed at 8733.72
- The 55 days EMA are placed at 8822.90
Weekly Pivot Levels for Nifty 50 Stocks:
Script Symbol Resistance2 Resistance1 Pivot Support 1 Support 2
NIFTY 50 8853 8813 8765 8725 8677
DISCLAIMER:
Stock trading involves high risk and one can lose Substantial amount of money. The recommendations made herein do not constitute an offer to sell or solicitation to buy any of the Securities mentioned. No representations can be made that recommendations contained herein will be profitable or they will not result in losses. Readers using the information contained herein are solely responsible for their actions. The information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. The above recommendations are based on technical analysis only.
NOTE: WE HAVE NO HOLDINGS IN ANY OF STOCKS RECOMMENDED ABOVE
Email: info@tradebizzindia.com
Website: http://stocksfuturetip.in/
For Free Trial on Stock Tips, Commodity & MCX Tips , Click Here https://goo.gl/forms/ZjvxoRi43Fof5LF32
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