12
Dec
17

Nifty Spot 10343 is important

10343 is strong resistance. If breached Nifty can march northward, otherwise 10037 is good support, if breached can march southward.

Nifty is trading within a range of 10450-10050 for last 2 plus months. Upcoming triggers are:-

  1. Gujarat Election Results
  2. Rate hike (FED.)
  3. Union Budget
  4. Equity Capital Gain Tax
  5. Allocation of Foreign funds for year 2018. (Most Important)
  6. Currency rates (Domestics and of China)
  7. PMI outcome (Manufacturing & Service)
  8. Tax Reforms (USA)
  9. Oil Price

    Crude may trade with bullish bias for next 4-5 months. Trend decider: 49-51 Resistance: 57 – 61 – 65 – 69 Support 46 – 43

    Its more than month and Oil is holding higher levels.  Now be with mentioned levels only.

     

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3 Responses to “Nifty Spot 10343 is important”


  1. December 13, 2017 at 4:19 am

    R K Arora
    2 seconds ago
    Levels of the day NIFTY Support: 10210-10164-10060 Resistance: 10270-10323- 10440

    Bank Nifty

    Support Resistance
    25084 25158
    25004 25238
    24844 25398

  2. December 13, 2017 at 5:41 am

    Just in 2 hours Nifty managed to touch second resistance. All mathematics

  3. December 25, 2017 at 2:16 pm

    Nifty managed to get support near mentioned level of 10035 and managed breach 10343 and traveled north by 160 points in 2-3 days only. All Mathematics


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