Nifty 50 IndexLong
Market a Head. #Nifty
Quarterly earnings are over. Many companies reported subdued numbers, Inflation data showing improvement.
India’s economic indicators remain better in comparison to global economies.
Negative remained the Trade deficit which now touched 30B USD amid rise in commodity prices.
In absence of macro data, market will react on the Global cues and FOMC minutes of meeting.
Technically
Crossing 17800 will be a breakout of Flag & Pole pattern, which will lead Nifty to Physiological resistance of 18000/18100.
Support remains 17550 for the coming week.
India’s economic indicators remain better in comparison to global economies.
Negative remained the Trade deficit which now touched 30B USD amid rise in commodity prices.
In absence of macro data, market will react on the Global cues and FOMC minutes of meeting.
Technically
Crossing 17800 will be a breakout of Flag & Pole pattern, which will lead Nifty to Physiological resistance of 18000/18100.
Support remains 17550 for the coming week.
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