Prakash Gaba : +91 93222 10907 | Email : prakashgaba@hotmail.com

Nifty View for 18th December 2017

Nifty (10333) we said ‘technically the bar generated for the day is suggestive of an up move and the next logical technical target is 10324-10437 as long as 10140 holds’ the Nifty opened with a bull gap and traded higher to close in the green….technically the market could see a big day either side and I would that trend is still up as long as 10257 holds…logical technical target is 10437

The crucial support for the Nifty is at 10257-10140 and the resistance is at 10437

Nifty view for 15th December 2017

Nifty (10252) we said ‘technically I still maintain that 10140-10096 is not ruled out and so is volatility’ the Nifty unfolded as expected and saw the low on our support of 10140 like a dot…technically the bar generated for the day is suggestive of an up move and the next logical technical target is 10324-10437 as long as 10140 holds…

The crucial support for the Nifty is at 10140-10096 and the resistance is at 10324-10437

Nifty View for 14th December 2017

Nifty (10193) we said ‘technically now some more downside to around 10140 not ruled out…stiff resistance is at 10250-70 zones’ the Nifty unfolded as expected and traded in our resistance zone to close in the red…technically I still maintain that 10140-10096 is not ruled out and so is volatility…

The crucial support for the Nifty is at 10140-10096 and the resistance is at 10250-10270

Nifty View for 12th December 2017

Nifty (10322) we said technically there could be some more upside and the logical technical target could be 10299-10329 as long as 10230 holds’ the Nifty opened with a bang and saw the high to stop at our resistance of 10329 like a dot and closed in the green…technically the trend is till up and it climb up then the next logical target would be 10349 as long as 10299 holds…so I would watch the crucial support of 10299…

The crucial support for the Nifty is at 10299 and the resistance is at 10349

Nifty View for 17th December 2017

Nifty (10266) we said technically now some more upside is on the cards to 10221-10266 zones’ The Nifty traded higher and closed right on our target of 10266 like a dot…technically there could be some more upside and the logical technical target could be 10299-10329 as long as 10230 holds…

The crucial support for the Nifty is at 10230 and the resistance is at 10299-10329

Nifty View for 8th December 2017

Nifty (10167) we said ‘technically the Nifty is still weak and our logical technical target of 10013 is within reach and bounce from 10013 is not ruled out…but a breach of 10013 could take it further down to 9994-9923’ the Nifty opened in the green and continued its journey up trapping the short to climb up and closed in the green…technically now some more upside is on the cards to 10221-10266 zones…

The crucial support for the Nifty is at 10080-10013 and the resistance is at 10221-10266

Nifty View for 7th December 2017

Nifty (10044) we said ‘technically the trend is still down but the first sign of strength will be displayed when the Nifty starts to trade above 10150’ The Nifty opened weak and traded down towards our target of 10013 and has closed in the red…technically the Nifty is still weak and our logical technical target of 10013 is within reach and bounce from 10013 is not ruled out…but a breach of 10013 could take it further down to 9994-9923

The crucial support for the Nifty is at 10013-9994-9923 and the resistance is at 10100-10140

Nifty View for 6th December 2017

Nifty (10118) we said ‘technically the Nifty still looks weak and the next logical target on the downside is 10013…stiff resistance is at 10260’ the Nifty opened in the red and trade weak but recovered to close nearly flat…technically the trend is still down but the first sign of strength will be displayed when the Nifty starts to trade above 10150…

The crucial support for the Nifty is at 10013 and the resistance is at 10210

Nifty View for 5th December 2017

Nifty (10128) we said ‘technically the Nifty still looks weak and the next logical target on the downside is 10013…stiff resistance is at 10260’ the Nifty opened in the green but traded down to close flat and so the Analysis remains the same…

The crucial support for the Nifty is at 10094-10013 and the resistance is at 10260

Nifty View for 4th December 2015

Nifty (10122) we said, ‘technically now looks like the Nifty is trying to test the 10094 mark’ the Nifty opened in the green near our resistance but sold off to close in the red very close to our 10094 mark…technically the Nifty still looks weak and the next logical target on the downside is 10013…stiff resistance is at 10260

The crucial support for the Nifty is at 10094-10013 and the resistance is at 10260

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