Nifty future daily chart technical analysis
Nifty future of December expiry last closed at 10769 with huge loss. In this week we saw 1 big downside day and 4 positive days. Nifty future as expected tending towards my bullish targets of 11150 and 11400 and we saw high above 11k in this week. But on last trading session market saw big profit booking on news flow and nifty back to major averages support zone. Nifty future above 10700 will remain bullish ad buy and accumulate for buy targets 11150 and then possibly 11400.
In this week, Nifty 10700 calls options rallied from low of 180 to 320 rupee means 140 rupees or 77% gains in calls options in first 4 days of this week and then 11000 put options rallied from 75 to 253 rupees means almost 178 rupee or 237% gains on sharp short coverings. For next week nifty 10700 call option will remain in focus for traders if nifty sustains above 10700 levels.
Nifty future weekly chart technical analysis
Nifty future on weekly chart showing loss for this week on account of sharp profit bookings. After last week’s rally we saw profit booking and strong supply around 11000 levels. Nifty future weekly chart price trend and momentum both are bullish and here 10660 is major support level to watch. Above this level expect upside targets of 11400 to 12250 in medium terms. Weekly closing below 10660 will falter this recovery rally and downtrend kicks in.
For genuine nifty future tips and nifty option tips with support and follow ups, subscribe to our F&O advisory services.
Share It
BLOG AUTHOR
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.
0 comments:
Post a Comment