Market Outllook of 23rd Apr, 2018.
GFS Wealth Creators Suggestion and View on Indices.
Nifty index remained in a broader range and witnessed recovery from 10520 zones to close on a flattish note.
It formed a Doji candle with long lower shadow which indicates that decline is being bought as it got stuck in range ahead of the expiry week.
Index has been making higher highs – higher lows on weekly chart which suggests continuation of uptrend till any immediate support is not broken decisively.
Now till it remains above 10480 – 10500 zones, it has potential to move towards 10630 then 10700 levels.