Weekly Special Report 9th April 2018

                                                 NIFTY SNAPSHOT



                     Weekly View NIFTY

Nifty opened the week at 10198, made a high of 10376 low of 10121 and closed the week at 10352. Thus the Nifty closed the week with a Gain of 154 points.  NIFTY have managed to take resistance at the very important level of 55 EMA, until the low of 10250 on the Nifty is broken.This week, the indices short-term average of 22dma Nifty – 10270 close above it. The indices continue to remain above the medium term average of 55dma Nifty – 10380 but above the long-term average of 200dma Nifty 10130. MACD and Price ROC are both positive and in buy mode. RSI (52) suggests bullish momentum. Thus the trend will remain bullish on the weekly time frame.

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