Saturday 7 April 2018

Nifty Outlook for the Week (Apr 09, 2018 – Apr 13, 2018)

NIFTY WEEKLY REPORT FOR 09 APRIL TO 13 APR 2018 
WEEKLY RESISTANCE FOR NIFTY: 10355,10433,10474,10634 
PIVOT POINT: 10277 
WEEKLY SUPPORT FOR NIFTY : 10236,10195,10117,10039


Sensex opened the week at 33023, made a high of 33686, low of 32988 and closed the week at 33589. Thus the Sensex closed the week with a gain of 621 points. At the same time, the Nifty opened the week at 10198, made a high of 10359 low of 10121 and closed the week at 10341. Thus the Nifty closed the week with a Gain of 221 points. indices Sensex and Nifty closed little changed on Friday, tracking losses in global equities as trade war tension between US and China escalated after US President Donald Trump said on Thursday that he is ordering the US trade representative to consider $100 billion in additional tariffs on Chinese goods. Markets gained nearly 2% on Thursday as traders cheered RBI’s decision to cut inflation forecast and maintain status quo in monetary policy. 

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