Market Outlook of 17th Apr, 2018.

Nifty index opened gap down but witnessed sustained buying interest throughout the trading session to settle near day’s high.

It recovered sharply from 10396 levels and formed a Bullish Marubozu Candle on the daily scale which implies complete dominance by the bulls.

It has been making higher highs from last eleven consecutive trading sessions implying continuation of uptrend.

Now till it holds above 10480 it could extend its gains towards 10580 and then 10630 levels while on the downside supports are seen at 10480 then 10440 levels.

* This material is for information purposes only and should not be constructed as an offer or solicitation of an offer to buy or sell any securities.

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