Nifty future weekly technical analysis report for 29 may to 2 June 2017
Nifty future this week closed at 9569 with gain. Nifty future this week given wild swing on downside and then short covering rally never stopped. Nifty is in strong bullish trend and given 250+ points weekly swing and closed huge gains in another positive.
For next week, nifty future outlook above 9550 remain bullish and trading strategy will be buy on dips. On downside nifty future will have major support at 9530 and then 9445. While on upside 9740 and 9840 are resistance zones as well as super bullish rally target levels for June series. Nifty future achieved my given month of May bullish swing targets of 9440 and 9555.
Nifty future from long term view, hit 2017 first investment target of 9240 and now heading towards 10400.