NIFTY WEEKLY

2017년 7월 28일

Fantastic Finish to the expiry yesterday as we saw Nifty close above 10k and display a show of strong bullishness. The spot Nifty charts however are indicating that the Nifty has tread into strong resistances as we can see from the charts above. The resistances seen here does pull the plug on the markets for now as we are witnessing a median line resistances combined with a Fibonacci extension resistance that could definitely arrest the prices for now. Further with the last trading day of the week in play we might witness a flurry of exits as profit booking could be triggered by the weak hearted ones. So get set for a volatile scenario today.