Weekly Special Report 23th April 2018

                             NIFTY SNAPSHOT

                    OPEN INTEREST AND VOLUME


                Weekly View of Nifty

Nifty opened the week at 10441, made a high of 10597 and low of 10431 and closed the week at 10585. Thus the Nifty closed the week with a Gain of 144 points. The index closed took support at its 5-days exponential moving average (DEMA) before bouncing back towards the opening levels. The Nifty formed the Doji candle which shows the indecisiveness in the market. If the Nifty gives the breakout above 10594 and breakdown below 10509 then the behavior of the market can be decided whether bullish or bearish. It is making higher highs and lower lows on weekly time frame which indicates continuation of uptrend till any support breakdown.

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