30 November 2017

NIFTY PREDICTION & FREE NIFTY FUTURE TIPS 1 DEC 2017

NIFTY OPTION STRIP STRATEGY ROCKSSSS


Bears tighten their grip on dalal street. The nifty witnessed a big correction & closed below 10250 Ahead of crucial GDP data and the expiry day of November F&O series. Market closed over 1% lower on Thursday after India’s fiscal deficit at the end of October hit 96.1% of the budget estimate for the fiscal year ending in March 2018. The Sensex closed lower by 453 points to 33149, while the Nifty 50 fell 134 points to 10225.
On Friday Nifty may open around the 10225-level. The moot point is whether it stays above the critical level of 10250 or not even if it were to open lower. If it manages to does that then only expect some pullback attempt? On the way up assuming the index opening lower around 10235 the first significant resistance to overcome would be found between 10280 and 10330. Unless the last closing level of 10350 is decisively taken out do not expect any sustainable recovery. On the contrary, if it slides below 10200-support area it may well slide down to test the next support range between 10150 and 10100.
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Resistance: 10300, 10350, 10400
Support: 10200, 10150, 10100

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