Nifty F&O analysis, levels and Free Trading tips for 2 November 2016
Nifty future today closed at 8650 with gain. As expected nifty seeing buying on lower levels and given swing high above 8700+. Nifty future above 8665 will remain bullish and buy on dips for November series. For tomorrow, nifty future below 8665 remain weak and sell. Buy only above 8665 if sustain. For tomorrow, nifty future outlook is bearish. Nifty future intraday resistances as well as fresh short entry zones are 8685 and 8750. Nifty future intraday support zones are 8630 and 8575 and these are intraday target zones. Nifty future traders keep short view on market below 8665 and expect downside up to 8500 and below in medium term. Above 8665, view become bullish and target will be 8820. Thought for intraday outlook is bearish. Nifty option traders can buy nifty 8400 put options of November expiry around 40-45 with stop loss for intraday and expect targets up to 55 to 60 rupee.traders below 8665 keep short view on market and expect target 8500 on downside. Below 8665, option traders can use nifty 8400PE as buy and accumulate for big gains.