Share Bazar by jayanta K.Aich

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Friday’s session continued to witness consolidation, as the NSE benchmark Nifty50 oscillated in a capped range and ended with a nominal loss of 1.25 points or 0.01 per cent.
The market continued to show resilience, as it recovered significantly from the low point of the day before ending flat.

Monday’s opening is likely to be quiet; the levels of level 10580 and 10625 will act as immediate resistance for the market. Support s will come at 10530 and 10480 level.

The Relative Strength Index (RSI) on the daily chart is 62.6975, and it remains neutral showing no divergence against the price. The daily MACD stays bullish while trading above its signal line. A spinning top that occurred on the candles signaled indecisiveness setup on part of the market participants. NIFTY forecast index value on Tuesday 10563, maximum 10721 and minimum 10405. NIFTY predictions on Wednesday, April, 25: index value 10602, maximum 10761, minimum 10443. NIFTY forecast on Thursday, April, 26: index value 10579, maximum 10738, minimum 10420. NIFTY predictions on Friday, April, 27: index value 10599, maximum 10758, minimum 10440.Pattern analysis shows market continuing to resist pattern resistance area. This is the upper range of the broad rectangle formation that the Nifty has formed. Opening value 10114. Maximum 10807, minimum 10111. The average value for the month 10420. NIFTY prediction at the end of the month 10647, change for April 5.27%.

Jayanta K.Aich

Jayanta K.Aich

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