Nifty future above 8005 will head for target 8165

Nifty future above 8005 will head for target 8165

Nifty F&O predictions for 23 November 2016

Nifty future today closed at 8017 with gain. As expected nifty is coming off oversold zone and will remain buy on dips from medium to long term view. For tomorrow, above 8005, nifty future will resume recovery phase and head towards my target 8165. Volatility will remain high for short term traders while for investors it will be one time buying opportunity.

Nifty Future traders above 8005 keep long view with stop loss for target 8165 and above. Nifty option traders follow buy on dips view on next or far month nifty 8300 call options with stop loss.

Investors watch strong short covering as well as value buying rally above 8155 on weekly closing basis.

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