Nifty future hit my tgt 8340-8515 now watch for 8750-8920
Nifty future this week closed at 8672 with huge gains. This week nifty future low was around 8330 and high was almost 8700. Total 370 points or almost 5% gain for major index in 1 week. On long term chart this is clear breakout for big targets on upside.achieved my January buy targets of 8340 and then 8515. Now entered into super bullish trend and heading for my next super bullish zone targets of 8750 and 8920 so traders keep buy on dips view. Nifty 8300 call options rallied from 130 to almost 430 rupee premium. On long term chart, nifty future is heading towards my 2017 target of 9175. On downside support levels are 8280 and 8000.
Banknifty future hit my target 18750-19300-19880 now watch for 20500
Banknifty future this week closed with huge gains at 19804. Banknifty from low of 18700 rallied all the way to high near 19900. Total almost 1100+ points’ gains in 1 week and strong bullish breakout on long term charts. Banknifty future achieved my given positional targets of 18750-19300 and 19880. Now next super bullish target is at 20500 which might be expected in budget week. We have seen huge gains for banknifty 19000 callbuy call. From long term view, banknifty future is heading towards my 2017 target of 21400. On downside 18700-18300 and 17400 are major support zones on banknifty weekly chart.