nifty weekly report for 24 to 28 October 2016

nifty weekly report for 24 to 28 October 2016 Nifty future this week closed with the gain on strong recovery from lows. This week nifty future low was at near 8500 while high was around 8730. Which was my given target which almost achieved with high of 8728. Total 230 points rally from lows and strong closing for the nifty index.   Below 8730, nifty future will remain weak and sell but current daily, as well as weekly chart price as well as indicators pattern suggesting nifty, will give breakout above 8730 for target 8895 and above in short to medium terms. For next week, nifty future support zones are 8630 and 8550 while on upside 8775 and 8840 are resistance zones as well as a target level.   Short term future traders keep nifty future on a breakout above 8730 for target 8775 and 8840. While swing traders hold long with trailing stop loss and expect a target of 8895 in medium terms.   Nifty option traders hold nifty next month nifty 8500 or 8600 call options for big gains in medium terms. For short term, traders can buy nifty 8900 call options of November expiry on a breakout above 8730 for big short term gains.For nifty future tips on whatsapp with live support and follow ups join our future tips service.

The Author

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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