Updated every Monday, on weekly basis.
15th June 2018 (Monday)

NIFTY (Cash)

Market Short-term trend : For Short-term positions

Next resistances 10,800

Market ended steady on the weekly charts indicating a positive trend.
Nifty has the next major resistance at 10800.
Market has to close steady above 10,800, for a positive trend
Then the next major resistance above is at 11,000
A short-term consolidation is possible at this current barrier of 10,800

In-case of any weakness, support below is at 10,700
Only incase of any close below 10,700, then it indicates a minor weakness.

Then the next major support below is at 10,500

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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