NiftyFut - Last week's review I said, Nifty ends in a very good place. Now to see how long this rise will take place is the big question. Because internal issues are not supportive of this rise. My guess was proved to be all right. Although it climbs a bit up, the 50-70 points range movement in the week, and finally ended in a thunderous place. It is 10500 or below did not close on the other side it is not cross the target given 10700 or up, closed at 10624. This place is the middle space. That means Game is now open, as far as the Nifty is closed on the above support, it is unlikely that it will come down anytime. In my opinion, wait, let's get more 100 points, Then shorten around 10750-780 with 10825 stop loss for Target 10500 or below. Otherwise, trade daily with daily support and resistance.
Nifty Future & BankNifty Future coming Weekly Review 12-16 Nov'18
NiftyFut - Last week's review I said, Nifty ends in a very good place. Now to see how long this rise will take place is the big question. Because internal issues are not supportive of this rise. My guess was proved to be all right. Although it climbs a bit up, the 50-70 points range movement in the week, and finally ended in a thunderous place. It is 10500 or below did not close on the other side it is not cross the target given 10700 or up, closed at 10624. This place is the middle space. That means Game is now open, as far as the Nifty is closed on the above support, it is unlikely that it will come down anytime. In my opinion, wait, let's get more 100 points, Then shorten around 10750-780 with 10825 stop loss for Target 10500 or below. Otherwise, trade daily with daily support and resistance.