Pre market Prediction analysis for 30 November 2016

Nifty future hit 8219 target given 8335

Nifty future hit 8219 target given 8335

Nifty future today closed at 8177 with gain. In intraday we saw high near 8220 and my next target was 8335. Above 8165, nifty future will continue recovery phase and remain buy and accumulate. Nifty future is in downtrend but still technically oversold so expect value buying on every dips. In short term expect some downside on volatility but in medium terms outlook remain bullish and trading strategy will remain buy on dips. Option traders use next month’s nifty 8300 call options as buy on decline for big gains. For investors, above 8155, nifty target is at 8885. Bank nifty future hit 18500 remain value buy

Bank nifty future hit 18500 remain value buy

Bank nifty future today closed at 18314. Bank nifty future price trend is absolutely down but prices are highly oversold. Bank nifty last support zone is 18400 and below it remain value buy from short term view. My bank nifty future targets are 19000 and then 19460. Traders use sub 18400 levels to buy and accumulate with stop loss. Option traders keep buy on dips view for next month bank nifty 19500 or 20000 call options with stop loss for big medium term gain. From medium to long term view, bank nifty below 18880 means downside up to 17350 which is possible if panic situation comes to market once again. Reversal above 18800 on weekly closing will set long term target at 20800 which is I hoping for in next 2 to 4 months.

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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