Monday 17 December 2018

Weekly Equity Report


Nifty Weekly View

The Nifty50 which opened on a slightly somber note tracking muted trend seen in other Asian markets managed to recoup losses and reclaimed its crucial resistance level of 10,800 on Friday. The index formed a bullish candle which closely resembles a ‘Hanging Man’ or an Inside Bar kind of pattern on daily charts.

Weekly Chart


Bank Nifty Weekly View

The Bank Nifty witnessing a range bound session throughout the day and formed good bullish candle on weekly charts and gave closing at its 20 DMA which indicates indecisive in trend.

Weekly chart


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