Nifty weekly-hit high at 9537 given swing tgt was 9555

Nifty future weekly technical analysis report for 22 to 26 may 2017

Nifty future weekly technical analysis report for 22 to 26 may 2017

Nifty future this week closed at 9456 with gain. Nifty future is in strong bullish trend and given 130+ points weekly swing and closed flat positive. For next week nifty future outlook remain bullish and trading strategy will be buy on dips. On downside nifty future will have major support at 9375 and then 9280. While on upside 9490 and 9565 are resistance zones as well as target levels for short term traders for next week. While 9555 is swing target for positional longs. Option traders above 9375 keep buy on dips view in nifty 9300 call options for big jackpot returns in short terms. Nifty future from long term view, hit 2017 first investment target of 9240 and now heading towards 10400.

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Pramod Baviskar

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