Insignia Consultants
New Delhi
Thursday, May 16, 2019
TIME 8:45 AM
IST
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NIFTY Technical
Report
|
NIFTY DAILY
TECHNICAL LEVELS (Current price 11157.00)
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||||||||||
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S5
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S4
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S3
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S2
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S1
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R1
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R2
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R3
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R4
|
R5
|
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10907.70
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10967.53
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11032.35
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11061.77
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11098.17
|
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11215.83
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11252.23
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11281.65
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11346.47
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11406.30
|
|
All technical are for
reference only
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100 day moving average around 11135 is the immediate support.
There is massive technical congestion between 10960-11036-11135 zone. Till next
week, it will not be easy for Nifty to fall below 10960-11036-11135 zone. (a)
It will try for 11600 and 11850 once again if it does not fall below
10960-11036 zone. (b) Sell off will be there below if 11400 is not broken by 23rd
May or there is a fall below 10960.
Traders and investors will remain on the sidelines till the
result of the elections are not known. There can be very sharp two way moves.
Individual stock performance will be the key over indices performance.
Happy
Stock Hunting
Disclaimer: Any opinions as to the commentary, market
information, and future direction of prices of specific currencies, metals and
commodities reflect the views of the individual analyst, In no event shall
Insignia Consultants or its employees
have any liability for any losses incurred in connection with any
decision made, action or inaction taken by any party in reliance upon the
information provided in this material; or in any delays, inaccuracies, errors
in, or omissions of Information. Nothing in this article is, or should be
construed as, investment advice. Website www.insigniaconsultants.in.
Prepared by Chintan Karnani
Disclosure:
Everyone in team Insignia Consultants makes investment in delivery based trades
on stocks listed in BSE and NSE.
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NOTES TO THE ABOVE
REPORT
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