The domestic market which started out on a flat note on a previous trading session of Friday gained momentum and reclaimed its crucial resistance level of 10,800, but in the last hour, selling saw it close at 10,772.
On close look, the index formed a “shooting star” kind of pattern on the daily charts and a ‘hammer’ kind of pattern on the weekly scale. Thus, with the start of results season in the upcoming week, the market will become more stock-specific for the next trading sessions to come.
Taking cues from the global market and previous sessions in the domestic market, the market is expected to see a positive opening in today’s session.
NIFTY Outlook for Today
11000 – Call & 10600 – Put
Provided by Lokesh Sethia (SEBI Registered Analyst)
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