15 November 2017

NIFTY PREDICTION & FREE NIFTY FUTURE TIPS FOR 16 NOV 2017

"BUY SAIL 75 PUT @ 1.80 TGT 2.9/4.20 SL 0.90"
"BUY IFCI 25 CALL @ 0.30 TGT 0.45/0.60 SL 0.10"
Bears tighten their grip on dalal street. Market skewed in favor of the bears. The Nifty future slipped below the 10200 mark falling more than 350 points from its record high hit last week as Pharma and Metal stocks lost shine. The Sensex was down 181 points at 32760 and the Nifty fell 70 points to 10163. Nifty futures has opened at 10199 made a high of 10207 & low of 10125, total 82 points nifty future moved in intraday.
We expect a tepid start to the markets going into trade on Thursday. Last but not the least support has left in nifty future now i.e. 10100 but all the conditions showing that market will turn in favor of bears only. The market remains in an extremely precarious condition and the levels of 10100 -10050 remain extremely critical levels to watch out for. The levels of 10225 and 10275 are expected to act as immediate resistance levels for the nifty future. 
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Resistance: 10200, 10250, 10300
Support: 10100, 10050, 10000

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