Wish You a New Year Full of Health, Wealth and Happiness!!

Date: 01-01-2018

nifty outlook
On Friday: The Index ended the last session of 2017 in the green, settled the day at 10531. After hitting life time high of 10545 on Tuesday it slipped down due to nervousness among the market participants and made a red candle for the two straight session. On Friday it again climbed 53 points up and made a green candle on the Daily chart and Spinning Top candlestick pattern on the Weekly chart. The Index is likely to resume its up move to the next session. The Bulls could try to test 10600-10650 levels soon. Technically, the Index managed to close above the 10500 so, more rally can not be ruled out. We wish a Very Happy Healthy and Wealthy Happy New Year to You and Your Family. We take this opportunity to thank you for your support and trust, which has motivated us throughout the Year.

Today: The Market is likely to open on a Flat note today tracking Nifty Futures on the Singapore Stock Exchange and Global Cues. We see the immediate support for the Nifty is at 10500-10450-10400 levels whereas, Next logical resistance exists at 10600-10650.

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