Index has a minor support at 10770 levels and strong support for the day at 10750 levels where mid term moving average is lying. Index has a resistance at 10880 levels for the day of 18 Jun 2018.
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Nifty has a strong support at 10550 levels where mid term Moving Average and Fibonacci levels are lying and strong resistance at 10930 levels where peak of May 2018 is lying. If Index manages to break these levels on either side than we can see 10300 levels on down side and 11200 on upside.
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MAY 15, 2018
Nifty Outlook For Tomorrow May 16, 2018
Nifty Outlook : Index opened with 6 points gain & closed with losing 6 point at 10806 after making a day’s high of 10929 and day’s low at 10781. So, Index traded for the from 10781 to 10929 with a range of 150 points.
We saw that Index opened flat view formation of spinning top on previous session, 14 May 2018....