Thursday, 1 February 2018

What Changed For The Market Ahead Of Budget Day? 10 Things You Should Not Miss

Posted by suhani varma on Thursday, February 01, 2018 with No comments



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A list of important headlines from across news agencies that could help in your trade today.The Nifty, which started on a muted note, recouped losses but failed to hold on to gains and closed near its opening levels forming an indecisive Doji kind of pattern on the daily candlestick charts.

The Nifty50 which opened at 11,018 rose to an intraday high of 11,058 which made a small upper shadow, but bears quickly took control and pushed the index below 11,000, which made a long lower shadow on the daily charts.

According to Pivot charts, the key support level is placed at 10,985.17, followed by 10,942.63. If the index starts to move higher, key resistance levels to watch out are 11,064.37 and 11,101.03.


The Nifty Bank closed at 27,379.4. Important Pivot level, which will act as crucial support for the index, is placed at 27,178.93, followed by 26,978.47. On the upside, key resistance levels are placed at 27,517.83, followed by 27,656.27.

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