Market technical report for 29 November 2016

Nifty future hit my target 8165 next target 8335

Nifty future hit my target 8165 next target 8335

Nifty December expiry future today closed at 8143 with gain. As expected nifty is seeing value buying on lower level and this staggered buying pushing demand in market. Nifty future achieved my given target of 8165. My next target is 8335 on breakout above 8165. Today nifty future closed below it but this will be buying opportunity. 8050 to 8090 is strong support area. Option traders keep buy and accumulate view on nifty 8300 call options of next expiry with stop loss. See big gains in that call options if nifty hits my next target 8335. Bank nifty future below 18400 remain value buy

Bank nifty future below 18400 remain value buy

Bank nifty future today closed at 18370 with loss. Bank nifty seeing strong resistance around 18400 but remain value buy below it. We saw low near 18200 and recovered from there and closed near day high of 18540. For long term investors this is best buying opportunity with stop loss. Reversal rally above 18400 will have targets around 19000 and then 19460. Option traders keep buy and accumulate view on banknifty 19500 or 20000 call options of next expiry with stop loss.

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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