Showing posts with label Market range. Show all posts
Showing posts with label Market range. Show all posts

Tuesday, 3 July 2018

Market setup for Tuesday- which side Nifty will break the Range?

Nifty closed with undecided directives but with Negative baise.

The Nifty continuously moving in a range though this month range is slightly wider comparing to previous month and shifted on lower side. Nifty futrue open at 10698 and made high of 10705 and given up it position to bear to get the dip till 10595 and later on gain in following up with European Market. International Market is continuously feeling pressure being chance of trade war is escalating day by day.

The index closed below 13-EMA, 5-EMA, and 50-EMA but still maintained the crucial support which is 100-EMA at 10,575.
As per Expert Nifty is oversold position, hence pull back from this level cant be rule out and other side nifty has closed with berrish pattern and continuity on same may lead to further support at 10523-500 following by 10430 and on the other hand key resistance levels are at 10727 and 10800.