Updated every Monday, on weekly basis.
9th April 2018 (Monday)

NIFTY (Cash)

Market Short-term trend : For Short-term positions

Next resistances 10,500

Market ended steady on last week, indicating a positive trend.
Nifty has the next resistance at 10,400
It has to close above this level
Nifty has the next major resistance at 10,500.
A consolidation is possible at this resistance
Market has to close steady above 10,500, for a positive trend

In-case of any correction, then support below is at 10,300
Only incase of any close below 10,300, then the next major support below is at 10,200
Only incase of any close below 10,200, 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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