nifty weekly technical outlook for 16 to 20 nov 2015

nifty this week closed at 7762 with loss.
this was third weekly loss for this index.

nifty weekly trend and momentum both
are bearish and nifty heading for 7500-7400 bottom ??

nifty weekly support will be 7740 and 7667.
nifty weekly resistance will be 7870 and 8040.

nifty future weekly trading call will be
stay short with trailing stop loss for targets 7740 and 7667.

nifty options weekly trading call will be
hold nifty 8000 put options with trailing
stop loss for big gains in this week.

medium to long term investors can use these fall
to accumulate in blue chips and quality midcaps !!