NIFTY FUTURE | BANK NIFTY FUTURE | 12 DEC. 2015

NIFTY FUTURE

Nifty is running in channel line in weekly chart and channel will take support from 7300 level until that level nifty will be in down trend, in upcoming week US Fed is going to take decision on rate hike, if rates will increase in USA than it will be not a good news for stock markets because investors will pull their money from our markets and may put it in US bonds that will give higher return on their investments.

Winter session in parliament is going on and decision on GST bill not clear yet, opposition is not supporting ruling government, if GST will not pass in this session than market will go down because markets has so many hopes from Narendra modi led government.


Date: 12/12/15

Call: Long, CMP: 7610
Initiation Level: 7600
Book Profit (Level 1):7540
Book Profit (Level 2): 7400
Stop Loss: 7690
Conviction Level: moderate risk
Reason– channel line
Short term Trend: correction
Medium Term Trend: down
For the long term Traders: buy on dips
For Aggressive Traders: SHORT ON HIGH, LONG ON DEEPS
Support: 7400-7300
Resistance- 7700-7950
Duration: 4-5 Days

BANK NIFTY FUTURE

Date and Time 12/12/15
Call: Short
CMP: 16389
Initiation Level: 16350
Book Profit (Level 1): 16200
Book Profit (Level 2): 15800
Stop Loss: 16600
Conviction Level: moderate risk
Reasoning– strong support has been broken
Short term Trend: Recovery
Medium Term Trend: down
For the Traders: buy on deeps
For Aggressive Traders: sell on rise
Support: 16000-15800
Duration: 4-5 Days

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