Friday, 27 January 2017

Resistance for Nifty at 8655, 8675: Motilal Oswal

According to a report by Motilal Oswal, resistance for Nifty at 8655, 8675 while the Index has support at 8600 and 8625. 

Nifty Outlook 

Nifty surged during the final lap of the F&O Expiry & closed above 8600. Though the momentum oscillators have entered the overbought territory there is no sign of any weakness or indication of loss in strength. The ongoing momentum could extend towards 8740 while a breach below 8500 would distort the momentum.

Resistance for Nifty at 8655, 8675 while the Index has support at 8600 and 8625.

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