Market View: Week Starting 27th NOV 2017

Filed in Market Update by on November 26, 2017
Week Market View: Week Starting 27th NOV 2017
View Last week the NIFTY closed at 10,389.7 registering a gain of 1% over previous week. The closing on Friday rendered the doji patterns on the daily chart meaningless, in fact we now have a bullish pattern on the NIFTY. Technically the NIFTY chart is looking positive. Also last week the DII buying numbers were almost equivalent to the FII selling numbers which is a very positive sign. Now as long as NIFTY trades above 10350, we will have a bullish outlook on the NIFTY for this week. The immediate resistance levels are 10400 while the NIFTY will take good support at 10300. Overall we are in a bullish trend which is likely to continue for this week. All the best!

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