16 May 2018

RELINFRA & INDUSIND FUTURE CALL ROCKS...!!!!!

NIFTY OUTLOOK FOR 17 MAY 2018
The Indian stock market closed lower on Wednesday as uncertainties around the formation of the next government in Karnataka hurt investor sentiment Though the BJP emerged as the single biggest party in Karnataka assembly elections, it was still short of majority, latest vote count data showed. .  The Sensex fell 156 points to 35387 level, the Nifty was down 54 points to 10763.  Bank Nifty too fell 291 points to 26182 level. The markets will now be more reactive to the international cues, which are a matter of concern especially the rising crude and dollar.
We now see that the Nifty has pushed again for some consolidation. As we approach Wednesday’s trade, we see a quiet start to the session. Volatility has remained ingrained in the market. Any slip below 10700 will push the market for some prolonged consolidation in the near term. The levels of 10850 and 10900 will act as resistance areas for the market. Supports will come in at 10675 and 10635 zones.
More about intraday tips on Google +
Resistance: 10850, 10875, 10900
Support: 10700, 10650, 10600

No comments:

Post a Comment