Nifty’s indecisive move in yesterday’s session could also mean that traders are entering into fresh trades with a little more caution in the absence of any major event or any fresh triggers. Going into today’s session, the index has its immediate support around 10400-10380 below which 10360-10340 will act as strong interim supports. Whereas on the upside, immediate supply in the index can be seen around 10500-10520 crossing which the index could witness some stiff resistance around projected levels of 10560-10580.
7th November 2017
Positive momentum likely to continue; Buy around 10430-40: Nifty opened on a negative note but managed to recover from intraday lows to clock a fresh lifetime intraday high of 10490.45, however the index remained subdued for most of Monday’s trading session as traders chose to take profits off the table as the Nifty managed to settle on an absolutely flat note.
Nifty’s indecisive move in yesterday’s session could also mean that traders are entering into fresh trades with a little more caution in the absence of any major event or any fresh triggers. Going into today’s session, the index has its immediate support around 10400-10380 below which 10360-10340 will act as strong interim supports. Whereas on the upside, immediate supply in the index can be seen around 10500-10520 crossing which the index could witness some stiff resistance around projected levels of 10560-10580.
Nifty’s indecisive move in yesterday’s session could also mean that traders are entering into fresh trades with a little more caution in the absence of any major event or any fresh triggers. Going into today’s session, the index has its immediate support around 10400-10380 below which 10360-10340 will act as strong interim supports. Whereas on the upside, immediate supply in the index can be seen around 10500-10520 crossing which the index could witness some stiff resistance around projected levels of 10560-10580.
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