nifty weekly chart analysis for next week 19 to 23 sep 2016

nifty weekly chart analysis for next week 19 to 23 sep 2016 Nifty future this week closed at 8810 with loss. Nifty future this week hit high around 8878 while low was around 8717. Total almost 160 points weekly range and first negative closing after last 2 weeks strong gains.   Nifty future weekly chart price trend and momentum both are still bullish. Though major indicators and oscillators suggesting overbought nature of market. This week nifty future tested 6 weeks moving average level of 8760. Below it 8595 is 13 weeks moving average and next major support.   For next week, nifty future above 8745 remain buy and accumulate for target 8940 and then 9065. Out of 8940 already achieved and tried to test 9065 with high near 8994. Nifty future hit double bottom at 8720 level and trading above it. Which is also bullish pattern and buy signal for nifty future on daily chart.   Future traders above 8745 keep buy on dips view and expect target 8940 and then 9065 in upcoming weeks.   Option traders can use 8800 or 8900 call options as buy on dips with stoploss for big gains till expiry.   For genuine nifty future tips and option tips on whatsapp with support and follow ups visit subscription page.

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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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