Nifty Futures closed by making ATH on the last trading day of the year. It was very much in line with investors' expectations.
Bank Nifty also managed to close above 25575 which has been the first resistance, thereby paving way for a further move above 25623/775.
First few trading sessions in 2018 could be in favor of bulls, but one has to be cautious when Nifty futures trades around 10579 from where there could be a reversal. Close below 10530 indicates down trend towards 10368.
A firm close above 10628 in nifty confirms further up move. Similarly on BNF a daily close above 25795 confirms move towards 26000. If BNF closes below 25500, it will drift down below 25000.
Advance New year wishes to every one!
No comments:
Post a Comment
Note: only a member of this blog may post a comment.