Morning Release for 17 August 2018
Nifty showed a recovery and wrapped up the session with a change of +0.75% at the levels of 11471. Nifty is expected to remain bullish with an immediate upside resistance of 11495-11520-11538 and a support of 11440-11425-11400.
India’s NSE index marked its highest ever close on Friday, helped mainly by financial and consumer staple stocks and as Asian peers recovered on hopes of Sino-U.S. trade talks next week.
The broader NSE Nifty ended 0.75% higher at 11470.75. It rose 0.40% over the week. The benchmark BSE Sensex ended 0.75% higher at 37947.88. It gained 0.20% over the week.
Pivot Levels for 20 August 2018