Friday, 13 July 2018

NIFTY WEEKLY OUTLOOK (16th JULY 2018 to 20th JULY 2018)





Closed  @ 11018

EMA 10 @ 10886
EMA 20 @ 10822
EMA 50 @ 10730

Resistances: 11081,11224,11300
WEEKLY PIVOT: 10970
Supports: 10945,10855,10764

Nifty burst like anything when it has given breakout on daily chart and this week it has given 248 points move in upside, now nifty should not trade below 10900 then it can go up to 11300. Below 10900 it has to be taken support on trendline around 10800 if it trade below 10800 then it will be still in same range bound as it is being observed in last three months.
  
Pls trade according levels .
Thanks

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