13 January 2018

NIFTY WEEKLY PREDICTION LEVELS & CHARTS FOR 15 JAN TO 19 JAN 2018

"WISH U ALL VERY HAPPY LOHRI, MAKAR SANKRANTI, PONGAL AND BIHU. MAY THESE FESTIVALS BRING JOY, HEALTH AND HAPPINESS TO ALL.” 
TO GET FREE
OPTION/FUUTRE/NIFTY/CASH TIPS ON
WHATSAPP PING ME 9039542248
OR FILL UP UR NAME MOBILE NO. IN THE FORM GIVEN TO YOUR RIGHT SIDE >>>>>>

WEEKLY RESISTANCE FOR NIFTY: 10668,10692,10711,10730
PIVOT POINT: 10644
WEEKLY SUPPORT FOR NIFTY :  10625,10606,10582,10558
WEEKLY CHART FOR NIFTY


















DAILY RESISTANCE FOR NIFTY: 10689,10718,10736,10753
PIVOT POINT:10660
DAILY SUPPORT FOR NIFTY :  10643,10625,10596,10567
DAILY CHART FOR NIFTY
Sensex opened the week at 34330, made a high of 34614, low of 34316 and closed the week at 34592. Thus the Sensex closed the week with a gain of 418 points. At the same time, the Nifty opened the week at 10623, made a high of 10695 low of 10596 and closed the week at 10684 Thus the Nifty closed the week with a gain of 106 points. Friday was a typical day in a classical Bull market as the uncertainty in the Indian Judiciary raised doubts and the market dipped; but that decline was bought and the market continued its upward journey to close at a new all-time high.

MARKET CONTINUES ITS BULL RUN.

On the daily charts, Nifty has formed a Dragon-Fly Doji .This pattern can have bearish implications only if there is a bearish candle formation on Monday. On the weekly charts, Nifty have formed a Bullish big White body Marubuzo. Thus weekly candlestick pattern suggests a bullish bias in the near term.                    

               As predicted by us in our last weekly report “nifty will trade towards 10650-10720”and exactly same happened rally of bulls was continuing in this week also. They managed to pull nifty above the support levels of 10500 .and  achieved the target of 10650 and closed the week with made a new high of 10695. And for now nifty will see  10550 as support levels and 10700 as a resistance level.

                        Technically, Nifty is still in the positive zone. And still, suggest holding long positions in the market for now. Nifty continues its journey towards achieving the intermediate target of 10730,10770, 10790 till then every decline will be a buying opportunity.  So we still suggest hold long positions.
                         Nifty would be considered to have taken reversal from the positive trend only if it closes below 10550 levels. and below this levels, Nifty would force it to move towards 10500-10470-10430-10400 levels in days to come.
Results next week:
17-Jan-2018
Adani Power Ltd, Bharti Infratel Ltd, DCB Bank Ltd, Hindustan Unilever Ltd, Mindtree Ltd, Sterlite Technologies Ltd, Zee Entertainment Enterprises Ltd
18-Jan-2018
Adani Enterprises Ltd, Bharti Airtel Ltd, UltraTech Cement Ltd, Yes Bank Ltd
19-Jan-2018
HDFC Bank Ltd, ICICI Prudential Life Insurance Company Ltd, IDFC Bank Ltd, ITC Ltd, Jubilant Foodworks Ltd, Kotak Mahindra Bank Ltd, PC Jeweller Ltd, Tata Elxsi Ltd, Wipro Ltd
TECHNICALLY SPEAKING.
This week, the indices short-term average of 22dma Nifty – 10517 close above it. The indices continue to remain above the medium term average of 55dma Nifty – 10385 but above the long-term average of 200dma Nifty –9903. Thus the trend in the long term has remained bullish whereas the trend in the medium term timeframe continues to remain bearish. MACD and Price ROC are both positive and continue in Buy mode. RSI (69) suggests continuation of Bullish momentum. Stochastic Oscillator %K (93) continues in Buy mode. 

4 comments:

  1. NESCO AND EXCELCROP achieved target , Get all the tips of share market checkout onEQUITY CASH CALLS FOR FREE NIFTY BANKNIFTY FUTURE STOCK FUTURE OR OPTION TIPS & CHARTS PING ON 08109060248

    ReplyDelete
    Replies
    1. keep reading EQUITY FUTURE CALLS OR WHATS UP ME ON 09039542248 TO LIVE MARKET CALLS

      Delete
  2. NESCO LTD ACHIEVED TARGET 630 !!!
    EXCELCROP LTD ACHIEVED ALL TARGET 2960 MADE HIGH OF 3090 !!!FOR MORE DETAILS CHECKOUT ON
    EQUITY CASH CALLS FOR FREE NIFTY BANKNIFTY FUTURE STOCK FUTURE OR OPTION TIPS & CHARTS PING ON 08109060248

    ReplyDelete
    Replies
    1. keep reading EQUITY FUTURE CALLS OR WHATS UP ME ON 09039542248 TO LIVE MARKET CALLS

      Delete