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Bajaj Capital / 10:25 Jan 07,2019
On Friday, Nifty had witnessed for the positive opening at 10699.70 and closed at 10727.35 up by 55.10 points as Global investor sentiment was also an upbeat ahead of a two-day trade talk between the US and China. A US government delegation will visit China early next week for the first face-to-face talks since US President Donald Trump and his Chinese counterpart agreed on a temporary truce in the trade war. Technically the short term trend seems positive on chart as it traded and holding above an important level of 10660.
It is likely to consolidate at current level withpositive biased in between 10630 on downside and 10880 on upside before headinguptrend. Overall the trend seems positive as of now till it holds above 10660.On downside, it has good support at 10660, as of now, which is likely to holdin short term. On upside it has potential to move towards 10950- 11100-marks innear term. For the day, it seems positive on chart If it trades above 10730 then itmay move towards 10790-10830. More..
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