Saturday, 27 October 2018

NEXT WEEK NIFTY PREDICTION & CHARTS 29 OCT TO 2 NOV 2018

WEEKLY RESISTANCE FOR NIFTY:10300,10400,10500 
PIVOT POINT: 10000 
WEEKLY SUPPORT FOR NIFTY : 9900,9800,9700 
WEEKLY CHART FOR NIFTY 
We started-off the week on a positive note and rallied towards 10600 mark, but this up move was short lived as once again massive selling emerged to bring index towards 10000. In index futures, mixed positions were formed last week. At the same time, put writer of 9800 strikes also lightered some of their positions. Stronger hands continued selling in index futures along with longs in index puts. First half in the week gone by was very much on expected lines as we saw continuation of previous week’s relief move towards the 10500 mark.


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