Nifty Index Breaks 10,800 Level

The Nifty 50 Index ended the week on a strong note. It opened the session gap up on Monday and continued the momentum throughout the week. It witnessed minor pullbacks, but bulls were in complete control. The index finally ended the weekly session 1.77% up.

Last week, the index found resistance from the gap area placed at the 10,750 level and slipped lower. But this week, the index closed above the gap area breaking the immediate resistance level.

If the index sustains above this level, it might re-test the 11,000 - 11,100 zone which is the all-time high. The all-time high levels usually act as a good resistance. On the flip side, if the bears manages to push the index below 10,800 it might fall all the way down to 10,400 - 10,500 zone which is the next support zone for the index.

To know more about what's happening in the global and Indian stock markets, you can read the detailed market update here...

Nifty 50 Index Witnesses Buying Interest
Nifty 50 Index Witnesses Buying Interest 

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1 Responses to "Nifty Index Breaks 10,800 Level"
12 May, 2018
banks are posting losses but drivers are taking banks up to catch sellers in trap companies posting good results/profits are being draged down no fundamentals are thereLike (13)
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