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Last week index has broken its border range of 17500/18400 giving close above its important level of 18590. The level of 19200 not ruled out ahead of RBI POLICY MEET next week but one thing one should note that below closing level of 18530 we will again enter in short term bearish territory.


Though Index failed to cross the important level of 13200 decisively but also maintaining its support level very well at 13050 suggests that the level of 13565 not ruled out in next few weeks.

Team NTD is having bullish outlook for coming week in index.


Compare to CNX MIDCAP index is showing some tiredness by not crossing the level of 5600 decisively.

Any close above 5600 we will see the level of 5780/5800 in short term. For coming week we are seeing limited downside in index.

{May 30,2015}

Disclaimer:All information given here is largely based on technical analysis which is highly dynamic in nature and relevant only at a particular point of time. Users are advised to pursue these recommendations only at their own risk and first consult their personal investment advisor when making investment decisions. We are not liable and we take no responsibility for any loss that you incure by trading/investing on our recommendations. these study are posted for educational purpose only.

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