You must read previous articles and watch the given chart carefully to
understand this article completely.
For 23 November 2015: -
On 20 November 2015: FII Net Sold – INR 94.09: DII Net Bought – INR – 610.16
I talked for 7900 levels last week and we got this level Friday. Afterward
we saw a sharp price correction in last hour but closing still goes above 7850
levels. So the support of 7825-7800 is still valid for this week. Remember, we
are on derivative expiry week with one holiday on Wednesday. This may makes
market jittery. I am expecting a choppy week and range may contract.
For today’s trading session, I am expecting market to open on silent to
positive note. Technically the downside support is still at 7825-7800 for the
day too. On higher side it will try to achieve for 7900+ levels. I opt to trade
on buy in dip for first half of the week.
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Strategy for Nifty November future – Try to
reserve trading activity on index. This week may not be great. Firstly, range
should be small secondly, uncertainly rule before expiry. If I have to guess
for expiry closing levels then I can say that it can be here and there near
7850 itself. For today’s trade, try one long in dip for intraday.
S&P 500 (USA) – It hit a
high at 2097 and then closed at 2089. It is just confirming the resistance of
2100 levels. I must say that I never try to be bullish at 2100 levels. I still
believe that some more rises may come early this week itself. If market has to
correct then it will go under correction in last part of the week. I am not
reasons to be on short side right now. There may be a possibility of 2110 too. A
1% rise from Friday’s close may left on chart.
