NIFTY PREDICTION & FREE NIFTY FUTURE TIPS FOR 21 NOV. 2017

"BUY RELIANCE 930 CALL @ 12.50 TGT 15.50/18.40 SL 8.4"

"BUY JINDALSTEL FUTURE ABOVE 175.70 TGT 176.90/178.50 SL 173.20"

It was a spectacular start to the market on Friday as the Sensex rallied more than 400 points after Moody's upgraded India's sovereign rating to Baa2. However, it lost steam later shedding nearly half of gains in last hour of trade due to extended sell-off in technology stocks and weak global cues.  The Sensex gained 236 points at 33342 and the Nifty rose 9 points to 10318. Nifty future has opened at 10297 made a high of 10342 and low of 10276.

We are not disputing the primary uptrend, which remains firmly in place. But in the immediate short term, we may see the Nifty being forced into some consolidation once again. The 10500 level will likely to pose important resistance despite a buoyant long-term setup.  The 10400 and 10455 levels will play out as immediate resistance for the Nifty future. Supports will come in at 10250 and 10200 levels.  After the recent smart upmove, some consolidation cannot be ruled out. Any correction at this juncture should be considered as a buying opportunity.

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Resistance: 10400, 10450, 10500

Support: 10250, 10200, 10150