Weekly Special Report 26th March 2018


NIFTY SNAPSHOT

Nifty

OPEN INTEREST & VOLUME


TECHNICAL ANALYSIS NIFTY



Weekly View NIFTY

The Nifty50 closed below its crucial support level of 10,000 levels for the first time since October 11, 2017, which does not auger well for the bulls. However, technical chart suggest that the downside still remains fairly limited and investors should avoid making fresh short positions. The nifty 50 At Friday’s intraday low of 9950, it appears that market has retraced around 38.2% of its entire rally from the December 2016 lows of 7893 to 11171 levels whose value is precisely placed around 9918 levels.On the way ahead for the market. The Nifty has developed strong resistance at 10,225 levels on the upside and 10,074 is immediate support for the index on the downside. If it slips below 10,074, the index can slide to 9,890 levels.

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