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BY A STAFF REPORTER:
Op :- 17401 - Low :- 17359 -- High :- 17548 & CL :- 17525
Day to Day closing basis up :- 0.73% or +127.60 points.
The index formed a bullish candlestick pattern on the daily charts.
After last week consolidation in 1st day of the week fresh up move tending to test 17777/800 mark subject to hold 17350.
On the Down side :-
Pivot Support :- 17466
Important 5DSMA Sup :- 17407
Swing based other supports :- 17288—17217—17160.
Base Support 200 DSMA = 17000
On the Upside :-
Above 17550 < R1> break out hurdle 17596
Swing based other major Resistances are :- 17666 – 17777 – 17808.
Option data indicated that the Nifty may trade in a broad range of 17000-18000 in coming sessions.
India VIX rose by 3.43% to 19.57 levels.
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Source : Eureka
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