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WEEKLY
RESISTANCE FOR NIFTY: 10527,10573,10647,10739
PIVOT
POINT: 10509
WEEKLY
SUPPORT FOR NIFTY : 10481,10435,10371,10279
WEEKLY CHART FOR NIFTY
DAILY
RESISTANCE FOR NIFTY: 10562,10593,10611,10630
PIVOT
POINT:10531
DAILY
SUPPORT FOR NIFTY : 10512,10494,10462,10432
DAILY CHART FOR NIFTY
NEW MONTH
NEW WEEK NEW YEAR AND NEW HIGH OF NIFTY IN 2018
Sensex opened the week
at 34068, made a high of 34174, low of 33751 and closed the
week at 34174. Thus the Sensex closed the week with a gain of 118 points.
At the same time, the Nifty opened the week
at 10540, made a high of 10582 low of 10436 and closed the week
at 10578 Thus the Nifty closed the week with a gain of 22 points. Sensex
and the Nifty closed at new peaks on Friday on heavy buying in consumer
durables, realty stocks owing to strong global cues and continued foreign fund
inflows.
NIFTY 10600 A WARM WELCOME OF THE YEAR
2018
2017 was a year for the Bulls as they grabbed all the
opportunities which were thrown at them and as a result, the indices are up a
whopping 28% for the year. The coming year 2018 will see the current Bull
market progress further and make huge strides. The Correction is now complete
which has led to the formation of higher bottom Nifty 10052. As long as the
indices continue to trade above the higher, one can expect Nifty to
achieve targets of 10947-11293-11413.