Friday, 11 May 2018

Buy Or Sell Top Stock Picks For May 11

Posted by suhani varma on Friday, May 11, 2018 with No comments

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The Nifty which started with a gap-up failed to hold on to gains and closed near its intraday low forming a bearish candle on the daily charts which also resembles a ‘Dark Cloud Cover’ kind of pattern.

The index which opened at 10, 779 rose to an intraday high of 10,785.55 but then bears took over D-Street and pushed the index towards 10,700 levels. The index bounced back after hitting its 5-DEMA placed at 10,710. It hit an intraday low of 10,705 before closing the day at 10,716.

According to Pivot charts, key support level is placed at 10,685.83, followed by 10,655.17. If the index starts moving upwards, key resistance levels to watch out are 10,766.33 and 10,816.17.

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