Nifty View for 23rd October 2017

Nifty (10147) we said, we are now into a short mahurat trading and I would maintain that 10150 is a very crucial support to work with’ the Nifty opened flat but traded in the red in the short trading session to close deeply in the red trapping all the Mahurat buyers….technically the Nifty is still above the crucial 10000 mark and there is hope as long as that holds… but in the short term there is a possibility that the Nifty can slide to further to 10043…a gap open is not ruled out…

The crucial support for the Nifty is at 10043-9972 and the resistance is at 10212

Nifty View for 19th October 2017

Nifty (10201) we said, technically the trend is still intact up, and the next logical technical target is 10315-10537 as long as 10000 holds’ the Nifty opened with a bear gap and traded volatile to close mildly in the red…we are now into a short mahurat trading and I would maintain that 10150 is a very crucial support to work with…

The crucial support for the Nifty is at 10150 and the resistance is at 10315-10537

Nifty view for 18th October 2017

Nifty (10234) we said, technically the trend is still intact up, and the next logical technical target is 10315-10537 as long as 10000 holds’ the Nifty traded flat and has closed flat …analysis still remains the same…

The crucial support for the Nifty is at 10150 and the resistance is at 10315-10537

Nifty View for 17th October 2017

Nifty (10231) we said, technically the trend is still intact up, and the next logical technical target is 10315-10537 as long as 10000 holds’ the Nifty unfolded strong as expected and has closed in the green…analysis still remains the same…

The crucial support for the Nifty is at 10150 and the resistance is at 10315-10537

Nifty View for 16th October 2017

Nifty (10167) we said, technically now 10000 has now become a crucial support to work with…next logical technical target would be 10150-200 zones’ the Nifty opened with a bull gap continued its journey up to register a new high and close in the green…technically the trend is still intact up, and the next logical technical target is 10315-10537 as long as 10000 holds…

The crucial support for the Nifty is at 10000 and the resistance is at 10181-10200-10315-10537

Nifty View for 13th October 2017

Nifty (10096) we said, technically the momentum seems to be shifting and so all rallies needs to be sold into until 10074 is taken out’ the Nifty opened weak and traded in the lower regions and it was the short covering that drove the nifty to cross the 10074 and close in the green…technically now 10000 has now become a crucial support to work with…next logical technical target would be 10150-200 zones….

The crucial support for the Nifty is at 10000 and the resistance is at 10150-10200

Nifty View for October 2017

Nifty (9985) we said, technically the trend is still intact but there is a good chance that we could have a large day with some profit booking in the upper regions. The Nifty unfolded as expected and we saw the profit booking in the upper regions right near our resistance of 10074 and it sold off to close in the red below the psychological 10000 mark…technically the momentum seems to be shifting and so all rallies needs to be sold into until 10074 is taken out…

The crucial support for the Nifty is at 9922-9877 and the resistance is at 10035

Nifty View for 11th October 2017

Nifty (10017) we said, technically the trend is still intact up and there is a good chance that some sluggishness may creep in these upper regions’ The Nifty unfolded sluggish trading in a very narrow range taking care to stop near our resistance to close mildly in the green… technically the trend is still intact but there is a good chance that we could have a large day with some profit booking in the upper regions…

The crucial support for the Nifty is at 9900 and the resistance is at 10035-10074

Nifty View for 10th October 2017

Nifty (9989) we said, technically now the next logical technical target is 10041-10080 zones… as long as 9900 holds’ the Nifty unfolded strong as expected and has closed mildly in the green…. technically the trend is still intact up and there is a good chance that some sluggishness may creep in these upper regions…

The crucial support for the Nifty is at 9900 and the resistance is at 10041-10080

Nifty View for 9th October 2017

Nifty (9980) we said, technically the target is achieved and any move above 9946 would propel the Nifty to 10041-10080 zones but looks like the Nifty is into a pause mode and so a dip is acceptable as long as 9850 holds’ the Nifty opened with a bull gap trapping the shorts to cross our 9946 mark and closed in the green…technically now the next logical technical target is 10041-10080 zones… as long as 9900 holds…

The crucial support for the Nifty is at 9900 and the resistance is at 9946-10041-10080

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