Market forecast for tomorrow 15 dec 2016

Buy and accumulate nifty future tgt 8288-8315

Buy and accumulate nifty future tgt 8288-8315

Nifty future today closed at 8204. Nifty future is building base around 8170 and closing above that level. For tomorrow, nifty future outlook remain bullish. On downside 8170 and 8140 are support zones as well as buying levels. On upside I am expecting strong short covering rally post fed rate decision up to 8288 and 8315. Daily closing above 8280 means bullish nifty future for December expiry and target of 8640.   If nifty future gives breakout above 8280 then swing traders can by nifty future with stop loss below 8200 and for December expiry target of 8640. Keep buy and accumulate view on nifty 8200 call options with stop loss.   Banknifty future remain buy above 18300

Banknifty future remain buy above 18300

Banknifty future today closed at 18402. Banknifty future price trend and momentum both are bearish but banknifty future is holding support of 18300 which suggest expect reversal move above 18300.   For tomorrow, banknifty outlook is bullish and above 18300 remain buy on dips. Banknifty intraday support zones are 18300 and 18100 while on upside 18500-18750 and 19000 are intraday resistances as well as target zones for this index future.   Positional traders can buy banknifty future around 18300 with stop loss and expect December expiry targets around 19000 and then 19800+. Option traders keep buy and accumulate view on banknifty 18500 call options with stop loss. Last major swing low was near 17980 and it will act as medium term support zone for now.

The Author

Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
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