Nifty - Technical Outlook:
On Thursday, the Nifty index opened on subdued note taking the negative cues from the US bourses.
However, the impact of its previous day’s optimism clearly seen as Nifty rallied higher and achieved another milestone by posting an all-time high of 10355.65. In the process, index ended the session near highest point of the day.
Looking at the hourly chart, index has formed a Bearish Divergence pattern. Going forward, we maintain our positive view and advice traders to adopt stock centric approach. For the day, 10385 / 10430 are the near term resistance whereas 10300 / 10260 are the intraday support.
Click here to read the full report
Way2Wealth today has established itself as one of India’s ‘Premier Investments Consultancy Firms’, known for making investing simpler, more understandable and profitable for the investors. They offer a wide range of products & services viz: Equity, Derivatives, Currency Futures, Commodities Trading, IPO's, Mutual Funds, Portfolio Management Services & Depository Services.
For more information please write in to firstname.lastname@example.org
Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.