Updated every Monday, on weekly basis.
12th June 2018

NIFTY (Cash)

Market Short-term trend : For Short-term positions

Market has to sustain above 10,800

Market ended steady on last week, near 10,800 levels, indicating a positive trend.
Nifty is seen in a cautious trend at this major levels of 10,800.
It has to sustain above level major resistance 10,800, for a further uptrend
Then the next major resistance at 11,000.
It has to close above 11,000 for next target of 11,200

In-case of any correction,and if closes below 10,700, then it indicates a weakness.
Then next major support below is at 10,600 and next at 10,500
This 10,500 is a major short-term trend deciding support
Only incase of any close below 10,500, then it indicates a short-term correction

Disclaimer: This content is only for Education and for Information purpose. There is risk of loss in the stock markets and it is not suitable for all Investors/Traders. Returns in the market are dependent on market conditions. The analysis made herein is based on Technical Analysis, and is subject to change. Readers of this column are advised to use their own discretion before trading or investing in the financial markets and they are only solely responsible for their actions.

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