Weekly Market Wrap for 31st October-4th November, 2016

by Tufan Nag on Market Analysis, Market Wrap
  •  
  •  
  •  
  •  
  •  
  •  
  •  

The broader index Nifty 50 was down by about 50 points on the last trading session of the last week. On the weekly chart of Nifty 50 the latest candle is taking support around 8400. Hence, if it breaches this level then it has a possibility to come toward 8320. On the upside, sustained breach above 8545 would initiate positive directional momentum.
Nifty Pharma was the worst performer under weekly change in sectoral indices.

 

To know more watch the video…


  •  
  •  
  •  
  •  
  •  
  •  
  •  

Disclaimer

Elearnmarkets.com wants to remind you that all our content is created solely for the purpose of education. No strategy, stock, commodity, fund or any other security discussed here is any way a recommendation for trading or investing. Elearnmarkets.com will not be any way responsible for trading losses incurred by any individual or entity for trading with real money. Please take advise of certified financial advisers before trading or investing.

Speak Your Mind

*

This site uses Akismet to reduce spam. Learn how your comment data is processed.