NIFTY DAILY TECHNICAL REPORT
Current
Level: 11471.90
Support:
10325.50-11368.10-11411.30-11453.90
Resistance:
11488.60-11512.70-11531.80-11613.70
· Immediate resistance is
at 11488.60. There will be another wave of rise over 11488.60 to 11531.80 and
11613.70.
· Corrections upto
11360.10 will be apart of the ongoing bull rally.
· Momentum is bullish.
Look for signs of correction towards close.
IMF
long term growth forecast for India is nothing new. In the long term, stock
markets are bullish. Playing a T20 match in stock/indices is not an easy thing.
Right now everything is bullish. Tomorrow’s closing is very important from a
technical perspective. It remains to be seen how the stock markets react to negative
news which at the moment is not there.
MCX CARDAMOM
AND MENTHAOIL DAILY REPORT
TECHNICAL
VIEW
Cardamom
14th August 2018: (previous day close/CMP Rs.1100.00)
Support:
1047.20-1064.10-1088.80
Resistance:
1114.20-1123.60-1147.20-1198.10
o Cardamom needs to trade over 1088.80
to rise to 1147 and 1198.
o Sellers will be there below 1088.80.
o Trend is neutral
Mentha
Oil 31st August 2018:
(previous day close/CMP Rs.1605.00)
Support:
1526.70-1547.20-1567.80-1596.10
Resistance:
1616.20-1645.20-1674.60-1736.10
o There will be another wave of rise
over 1616.20 to 1664.60 and 1736.10.
o Sellers will be there below 1567.80.
o Trend is bullish.
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