Nifty Outlook for Week (02 APRIL TO 06 APR 2018)

NIFTY WEEKLY REPORT FOR 02 APRIL TO 06 APR 2018 
WEEKLY RESISTANCE FOR NIFTY: 10228,10336,10453,10570 
PIVOT POINT: 10102 
WEEKLY SUPPORT FOR NIFTY : 10048,9994,9931,9868 

Sensex opened the week at 33240, made a high of 33269, low of 32523 and closed the week at 32968. Thus the Sensex closed the week with a gain of 372 points. At the same time, the Nifty opened the week at 9989, made a high of 10210 low of 9977 and closed the week at 10120. Thus the Nifty closed the week with a Gain of 117 points. The year 2017-18 saw the bulls losing their steam, with the Sensex rising 12 per cent, compared with a 16 per cent rally in FY17. On the other hand, the Nifty 50 index gained 11% in FY18, as against 18% in the previous corresponding period. India's stocks, bonds and currency markets are closed on Thursday and Friday for Mahaveer Jayanti and Good Friday respectively. Trading will resume on Monday.

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