OPENING BELLS 23 APRIL 2018
SENSEX ( 23th Apr 2018) Trend : down Preopening Price : 34493.55 Gap up : 78.55 (0.23%) Support : 34222-34072 Resistance: 34533-34755
NIFTY ( 23th Apr 2018) Trend : down Preopening Price : 10593.55 Gap up :28.05 (0.27%) Support : 10322-10211 Resistance : 10676-10872
BANK NIFTY (23th Apr 2018) Trend : Up Preopening Price: 25065.50 Gap Up : 121.65 (0.49%) Support : 24140-24057 Resistance :24417-24611
The Nifty index has been moving in a narrow range of 100 points between 10,500 to 10,600 zone from last four trading sessions. It formed a Doji candle with long lower shadow pattern which indicates that decline is being bought as it got stuck in a range ahead of the expiry week.
Index has been making higher highs – higher lows on weekly chart which suggests continuation of uptrend till any immediate support is not broken decisively.
Now till it remains above 10,480-10,500 zone, it has potential to move towards 10,630 then 10,700 levels while a hold below 10,480 could end this immediate upswing to start a next down leg.
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