Nifty To Face Resistance Around 10550; 4 Atocks Which Can Give Up To 14% Return

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For the last couple of weeks, the index had been trading in a narrow range but closer to its all-time high levels and on Tuesday, Nifty formed a bearish candlestick covering this range.It was a volatile start to the New Year 2018, with the sudden sell-off in the last hour of the trade, after bulls had been in control for most of the trading session on Tuesday.

Still, market breadth was positive with an advance-decline ratio of 5:4 and broader indices closed flat-to-positive outperforming benchmarks.

After a strong 2017, Nifty has got off on a negative note with the index losing 0.9 percent to close at 10436 levels on an opening day.

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