MARKET MAGNIFY:- COMING WEEK MARKET OVER VIEW

output_HQKCu5Looking at the daily chart, the Nifty has closed below the ‘5 SMA’ along with the negative crossover in MACD.

This is an indication that the index might undergo some consolidation phase in near term. Thus, short term traders should focus on stock-specific moves and trade with proper risk management.

Major Resistance for spot nifty is 10090 and 10210, where support is 9940 and 9820.

Major Support for bank nifty future 24600 and 24100 which is very crucial, where resistance is at 25150 and 25550

Next week bullish movement could be seen in Repco Homes, Jubl Food and Gujrat Flouro

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