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Bajaj Capital / 10:29 May 29,2018
On Monday, Nifty has opened on a positive note and it has extended the gain during the day. Finally it closed at 10688 with 83 points up. Technically the trend is likely to positive on chart once it gives two consecutive trades above 10660.
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It has taken support at 10420 and has bounced back from the support area of 10420. The trend is unlikely to confirm on chart till it consolidate in between 10330 on downside and 10660 on upside. The uptrend is likely to be resuming only if it gives two continuous closing above 10660 then it may have potential to move towards 1088011220 in coming days. The panic selling is occurring on chart once it slides below 10330. Till it holds above 10330 then the market is buying on dips. More..

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