Nifty future hit 8615 targets 8665 and then 8825

Nifty F&O outlook for 11 November 2016 Nifty F&O outlook for 11 November 2016 Nifty future today closed at 8545 with gain. Nifty after making very deep low given strong reversal on short covering as well as value buying. Nifty opened above 8490 and rallied up to 8615.   For tomorrow, nifty future outlook remain bullish and above 8490 traders keep buy on dips view for targets 8610 and 8665. For tomorrow, nifty future intraday support zones are 8520 and 8470 and fresh buying zones. On upside 8600 and 8665 are intraday resistances as well as target zones.   Nifty Future traders above 8490 keep buy on dip view and expect targets 8600 and 8665. Nifty option traders can buy nifty 8600 call options around 45 to 50 rupee with stop loss for targets 90 to 100 in short terms.   Positional traders with stop loss below 8490 keep long view for swing targets 8665 and then 8825.

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Pramod Baviskar

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