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Saturday, 8 December 2018

Weekly Equity Report - 8 Dec 18 | Zoid Research

NIFTY (SPOT) @ 10693

Nifty this week given close around 10693 with green note, this week we saw high volatility
due to many number of domestic and global events, but finally end of this week it given
close with green note around 10693, according to upcoming week we expected more
volatility in nifty so be cautious on every levels after election final outcome either side one
way rally we will see so don’t hold any major position, upside it continue facing resistance
around 10750-10780 on closing basis and downside it has good support around 10580-
10600 in this week when it close below or above this rang then go with the trend 100-200
points more one sided rally we will expected, so be cautious on every levels and keep close
watch on given levels. 

TREND DECIDER THIS WEEK 10740


NIFTY BANK @ 26594


Nifty Bank this week given close around 126594 with green note, this week we saw high
volatility due to many number of domestic and global events, but finally end of this week it
given close with green note around 26594, according to upcoming week we expected more
volatility in nifty so be cautious on every levels after election final outcome either side one
way rally we will see so don’t hold any major position, upside it continue facing resistance
around 26800-26900 on closing basis and downside it has good support around 26100 in
this week when it close below or above this rang then go with the trend 500-800 points
more one sided rally we will expected, so be cautious on every levels and keep close watch
on given levels.

TREND DECIDER THIS WEEK 26593


WEEKLY OPTION RECOMMENDATIONS: 



1 comment:

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