As mentioned in our previous report, The US Fed decision of keeping the interest rate unchanged will give buy on low a profitable move for investors and traders, Seems to resulted in highly profitable for our Clients and Readers.
Nifty CMP 8831.55 , registered a gain of 51.70 points on WoW basis. Previous week Nifty Fifty index opened up on positive note at 8788.45 with gain of 8.60 points and made weekly high of 8893.35 and weekly low of 8757.30 respectively.
Coming week we have expiry as the major event for the market.
On Chart:- Short Term basis market has sideways movement and it trading range has been now narrowed down. So volatility is something that is going to be on cards for the coming week but Keep move on with the strategy of buy on low if nifty continue to hold the support level of 8750 and 8640 for the coming week. The market have crucial resistance at 8905 and 8985 respectively for the coming week.
For coming Monday Intraday levels for Trading is as follows:- support level at 8810-8780 – 8750 and Resistance level at 8850-8875-8905.