Weekly Special Report Of CapitalHeight 23 July 2018

NIFTY

OPEN INTEREST AND VOLUME

TECHNICAL ANALYSIS NIFTY

Nifty closed the week on absolutely flat note.

As we have mentioned last week, that minor support for the index lies in the zone of 10850 to 10900. Support for the index lies in the zone of 10700 to 10750 where break out levels and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10500 to 10550 where Fibonacci levels and medium term moving averages are lying. During the week the index manages to hit a low of 10926 and close the week around the levels of 11010.

Minor support for the index lies in the zone of 10850 to 10900. Support for the index lies in the zone of 10700 to 10750 where break out levels and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10500 to 10550 where Fibonacci levels and medium term moving averages are lying.

Resistance for the index lies in the zone of 11100 to 11200 where the index has formed a top in the month of January-2018. If the index manages to close above these levels then the index can move to the levels of 11400 to 11500.

Broad range for the week is seen from 10800 on downside & 11200 on upside.

Resistance and Support   (daily)

•        Resistance 1      - 11080     Support 1       - 10890

•        Resistance 2       - 11140     Support 2       - 11750

•        Resistance 3       - 11257     Support 3       - 11575

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