Friday, 28 September 2018

NIFTY WEEKLY OUTLOOK ( 1st october 2018 to 5TH october 2018)




Closed  @ 10930

EMA 10 @ 11123
EMA 20 @ 11245
EMA 50 @ 11250

Resistances: 11136,11340,11550
WEEKLY PIVOT: 11000
Supports: 10800,10650,11550


Nifty still does not shown strong reversal sing or pattern which could be confirmation for buying and stocks are cracking like
anything so it is better to wait and confirm from here also if nifty closes below 10850 on daily basis then it can go upto 10600 
to 10400 which is strong support as per me and in upside shortterm dead cat bounce will be upto 10100 and if closing sustain 
above 10100 then 11200 and then 11400.

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