11 January 2018

NIFTY & INFY OUTLOOK & FREE TIPS FOR 12-01-2018

KEEP EYE ON INFY ; LOOKS BULLISH DUE TO RESULTS TO CHECK VISIT
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Historical Thursday…. Nifty near 10700 mark..!!!! Tcs & infy results strengthened market sentiments and helped Sensex and Nifty gain 70 and 19 points respectively intraday on 11 January 2018. Sensex closed at 34503 whereas nifty future ended the day at 10659. Moreover, favorable expectations from Union Budget that will be presented on Feb 1 also fuelled sentiments. The TCS declined over -0.8% ahead of its quarterly results. Infosys will declare its results on 12 jan 2018 and the stock jumped 2.4% in today's trade.
Though we expect a quiet opening on Friday, we expect that despite some consolidation, we will ultimately see the Index inching higher after some rangebound movement, if any.  Friday will see the levels of 10700 and 10735 working out as resistance area for the market. Supports came in at 10635 and 10575 levels. 
RESISTANCE: 10700, 10750
PIVOT POINT: 10600
SUPPORT:  10575, 10550

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