nifty weekly outlook for 23 to 27 nov 2015

nifty this week closed at 7856 with gain.
nifty on weekly chart formed bottom at 7730 and
given strong bounce back or reversal ??
nifty weekly support will be 7830 and 7670.
nifty weekly resistance will be 7925 and 8080.
nifty this week positive closing is bullish reversal sign
and nifty might rally up to 8080 if sustain this low.
though weekly chart trend still bearish and nifty will face
intermittent sharp profit booking sessions.
nifty future weekly trading call will be
buy near 7730 bottom with stop loss for targets
7925 and then 8080.
nifty options weekly trading call will be
buy and accumulate nifty 7800 call options
dec expiry on deep correction with stop loss.

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Updated: 21/11/2015 — 3:21 PM

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Pramod Baviskar

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