EQUITY WEEKLY NEWSLETTER 13 JULY 2018 STOCK /COMMODITY/FOREX/WEALTH MANAGEMENT Technical based Trading and investment call Entry- Exit Trend Reversal+ Proper Stop loss
NIFTY: 11018.90(+2.28%) The Nifty took out the 11,000 mark on Thursday, a level it last touched around the Union Budget 2018. "The market has climbed all walls of worries. We always believe that there was consolidation after hitting record high levels and market kept support levels around 10,500-10,600 levels, The Nifty after correction of more than 10 percent rebounded more than 9 percent to trade above 11,000 levels. Broader markets also corrected sharply with the Nifty Midcap falling around 15 percent but now rebounded, which suggests that the pain is over now. We feels the breakout has already happened in the Nifty index that is expected to test 11,30011,400 levels in next few weeks and by the end of 2018, the index may move close to around 12,000-mark.
Friday 13th JULY, 2018
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