Nifty outlook for 18th 2017

Nifty Outlook

Nifty sustains the 10200 mark though ends making a Doji signalling a cautious approach ahead un-till and unless a follow up buying is observed. Nifty traded in a tight range throughout the day as it closed with indecisiveness due to less breadth being observed. A decline in volumes and undertone breadth is also observed ahead of festive holidays

Nifty on upside has resistance at 10280 on immediate basis while next resistance comes at 10400. Support on immediate basis is at 10200. Strikes which are seeing a lot of writing and may act as support are 10100 and 10000. These further indicates the present support in momentum lies at very closest strike prices. Any dip towards these strikes will augment bulls to enter in momentum for further upside. This may be one way street and resistance comes only at 10400 which is extension of previous swing points.

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Epic Research
Epic Research
Epic Research - Investment Adviser is a leading financial services provider with presence in Indian and other global capital markets. Call on - 0731-664-2300