EQUITY WEEKLY NEWSLETTER 1ST DECEMBER 2017 STOCK /COMMODITY/FOREX/WEALTH MANAGEMENT Technical based Trading and investment call Entry- Exit Trend Reversal+ Proper Stop loss
NIFTY: - 104.75 (- 1.02%)
As last week saw Nifty hold support level 10080 and closed the week on negative note loosing around 104.75 points up at 10121.80. Nifty was traded with negative sentiment and closed with loss of 1.02%. Index lies between the ranges of 10080 to 10550 throughout the week. Nifty is ready to break the range of 10080 in the negative direction and the next target would be 10000-9950. Market would see reversal only if it closes above 10380 levels for Nifty and until then bear would have a upper hand but would struggle in the resistance zone of 10500-10640 as bear would try hard to break the negative momentum. Today S&P CNX Nifty future closed down 104.75 points at 10121.80. Indian Stock Market would open gap positive zone for the day. Indian Stock Market is still in positive zone but would enter into negative zone once it closes below 10310 for Nifty. Nifty traded with a negative sentiment and closed with loss of 1.02%. Its resistance level is 10500 and support level is 10080 levels.
Friday 1st dec, 2017
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