MTECHTIPS NIFTY FUT intraday trading analysis 19-12-2016

MTECHTIPS NIFTY FUT intraday trading analysis 19-12-2016
MTECHTIPS Nifty Future Pre Budget Rally Is Coming??
Nifty Future This Week Closed With Loss. In Truncated Week, Nifty Remain Under Pressure And Seeing Profit Booking From Investors. Nifty In This Week Given 125 Points Swing And Closed Near Week Low.From My Technical View, Nifty Future Below 8280 Remain Weak And Bearish. But Nifty Is Showing Resilience To Selling Near 8100 Which Is Positive Sign And Suggesting Strong Possible Reversal Short Covering Rally In Next 1-2 Weeks. For Indian Stock Markets, Santa Rally Might Come In January Series.For Next Week, Nifty Future Remain Buy And Accumulate At Support Of 8100 And 8000. While On Upside 8280 Is My First Major Target Zones. Breakout Above 8280 Means Nifty Pre-Budget Rally For My Major Swing Target 8640.For Long Term Investors, This Is Best Buy Opportunity For Long Term Target Of 8888. Above 8155 Expect Nifty To Remain Bullish For Longer Terms.
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