Monday, 11 June 2018

Top 12 Expert Moneymaking Ideas For The Next 30 Days

Posted by suhani varma on Monday, June 11, 2018 with No comments


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The Nifty closed last week on a positive note but slightly below the two crucial resistance levels of 10,770, and 10,800. For bulls to regain control on D-Street, the index has to reclaim 10,818 levels this week to head towards 10,930 levels, experts said.

It was indeed a roller coaster last week because the index witnessed selling pressure in the first couple of days, but managed to bounce back in the second half of the week.

Experts see the Nifty consolidating this week with a positive bias. “The bullish momentum is likely to continue as long as it holds above 10,550 levels.”

Since the last couple of weeks, the index has been vacillating in a range of 10,780-10,558 levels. “Considering the overall developments in the broader market, a possibility of breakout beyond 10,800 is on cards. But this move would probably be gradual in nature, towards 10880–10920 levels,” Sameet Chavan, Chief Analyst, Technicals and Derivatives at Angel Broking, said.

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