Market Status

Wednesday, 3 January 2018

Live Commodity Tips: Nifty to Face Resistance Stocks Can Give Returns

It’s a wide opening for today, after controlling bulls for almost all trading session on Tuesday. It shows a clear start to New Year 2018. Market Breath is running positive with a ratio of 5:4 and broader indices closed flat-to-positive outperforming benchmarks.

Live Commodity Tips
If it is leading to short-term pressure in the market then there will be need to see follow-through action on the downside. From last few days index have been trading in a narrow range but closer to its all-time high levels.

Hence, breaking below 10400 levels, the index may decline initially towards 10320 and then 10230 levels. Also, INDIA VIX moved up by 5.39 to 13.35 and has been inching up in last one week from low of 11.6 levels.

Further, the rise in volatility is being the cause of concern for bulls. On the upside, Nifty has overhead resistance at 10550 levels. It needs to cross above 10550 levels for it to rally towards 10700 and then 10840 odd levels on the upside.

For More Free Commodity Tips you can join our Whatsapp Group 9300421111 Or call our Toll Free No  9009010900

1 comment:

  1. Rudra Investment
    Market Expert gives the best information of mutual fund investment. Information that may not be included in a fund's prospectus is its annual report.