nifty weekly forecast for 6 to 10 june 2016

nifty weekly forecast for 6 to 10 june 2016Nifty future this week closed with gain at 8233. Nifty weekly chart price trend and momentum both are strong bullish.   For next week, nifty future support zones are 8150 and then 8040. While on upside expect resistances around 8380 and 8425. In last 2 weeks period nifty almost rallied by 500 points.   For next week, my view is bearish and nifty before moving forward might test 8040 support. So future traders keep sell on rise view here for targets 8150 and then 8040.   Option traders can use nifty 8100 or 8000 put options as buy on dips for big gains. From my view, nifty in short might have limited upside but large downside.

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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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