Wednesday, 30 May 2018

Trade Setup For Wednesday Top 15 Things To Know Before Opening Bell

Posted by suhani varma on Wednesday, May 30, 2018 with No comments


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The Nifty formed a bearish candle on the daily charts but is trading above most of its crucial short-term moving averages.

The trend still remains on the upside as long as Nifty holds 10,700 on a closing basis, suggest experts. Being expiry week, large swings can be expected on either side; hence, traders are advised to trade with caution.

On the downside, crucial support is placed at 10,550 levels while on the upside, Nifty is likely to witness resistance around 10,735 levels.


The Nifty, which opened at 10,689, rose to an intraday high of 10,717 but then bears took control and pushed the index below 10,650 levels. The Nifty hit an intraday low of 10,616 before closing the day at 10,633, down 55 points.

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