EQUITY WEEKLY NEWSLETTER 15th DECEMBER 2017 STOCK /COMMODITY/FOREX/WEALTH MANAGEMENT Technical based Trading and investment call Entry- Exit Trend Reversal+ Proper Stop loss
NIFTY: + 81.15 (+ 0.79%)
As last week saw Nifty hold support level 10080 and closed the week on positive note gaining around 81.15 points up at 10333.25. Nifty was traded with positive sentiment and closed on moderate gain. 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 10000-9850. 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 up 81.15 points at 10333.25. Indian Stock Market would open gap positive. Indian Stock Market is in positive zone. Traders can go long as of now. Market would continue to see huge volatility until the Poll results scheduled on December 18, 2017. Indian Stock Market would enter into positive zone once it closes above 10310. Overall, Exit Polls outcome for clear win by BJP would induce further buying in the market and traders can go long at dips in the market until Nifty holds 10140 levels.
Friday 15th dec, 2017
www.capitalways.com