NIFTY SPOT TECHNICAL LEVELS: 9th May 2019

Insignia Consultants

New Delhi

Thursday, May 9, 2019

TIME 9:05 AM IST                             

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NIFTY Technical Report

NIFTY DAILY TECHNICAL LEVELS (Current price 11340.25)
S5	S4	S3	S2	S1		R1	R2	R3	R4	R5
11055.00	11128.06	11207.20	11243.12	11287.56		11431.24	11475.68	11511.60	11590.74	11663.80
All technical are for reference only

Nifty is trading below the 50 day moving average of 11404. It can fall to 11270 and 11110 as long as it trades below 11404. Global stocks are shaky as there no certainty over direction of US-China trade talk.  Bullish trend in Nifty will be there only if (a) There is a US-China trade deal (b) The central elections portray a clear majority of either the UPA alliance or NDA alliance.

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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