Nifty 50 Index Weekly Trend (June 25 to June 29)


In the previous trading week, the index opened at 10830.20. It made a high of 10837 and a low of 10701.20. For the week, it has closed at 10821.85. The different between the opening and the closing price is just 8.35 points and that itself is indicative of the trend less nature of the index at this point of time. During such trend less times, the top and bottom hunters end up making a killing while the trend followers get killed.

10826.03 is an important value to take into account at this point of time. The longer the index manages to stay above this value, the better its chances of drifting higher. The longer the index manages to stay below this value of 10826.03, we can see it sliding further down to revisit the week’s low value of 10701.

 

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About Praveen Pious Francis
A part-time blogger who has a wide range of interests including investing in the stock markets across the globe and broadband technologies in India.

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