5 February 2018

NIFTY PREDICTION & FREE NIFTY FUTURE OPTION TIPS FOR 6 FEB 2018

“SELL NIFTY FUTURE BELOW 10670 TGT 10630/10600 SL 10710 “

“BUY NIFTY 10700 CALL @ 125 TGT  140/165”
The week has started with lot of selling pressure. The latest selloff in global markets was triggered by Friday's US jobs data which showed wages growing at their fastest pace in more than eight-and-a-half years and fuelling inflation expectations. This has led to expectations that the Federal Reserve - the US central bank - could raise interest rate faster than expected. The Sensex was down 309 points at 34757, and the Nifty future fell 50 points to 10684, dragged by private banking & financials. Bank and financial stocks fell most amid global selloff on rising US bond yields.
Nifty future closed below the crucial support level 10700 . This may trigger further correction in the nifty future. The Nifty future corrected around 500 points since last week. It will continue its weakness in the upcoming session also and corrected towards 10500. If it sustains below 10500, short-term weakness could be seen towards 10450 and a swing low of 10400. The pace with which the Nifty future has fallen suggests the trajectory of the index might have changed its course to the downside. In such a scenario, if the fall continues, then it should take the indices below 10100 level to complete the corrective pattern. While on the upside, hurdles are seen at 10,800 and 10,880 levels.
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Resistance: 10800, 10850, 10900
Support: 10600, 10550, 10500

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