You must read previous articles and watch the given chart carefully to
understand this article completely.
For 30 November 2015: -
On 27 November 2015: FII Net Sold – INR 519.25: DII Net Bought – INR – 900.48
Close near 7940 is still in favour of bulls. I have already quoted that
this is n-line of H&S pattern but here comes a possible buy emerging on
MACD. This makes me to believe for a bullish week. This may be volatile but overall
trend seems to be bullish only. Based on charting above 7900-7940 levels we may
think to get 8000 levels on Nifty.
For today’s trading session, I am expecting market to open on silent
note. As long as it is standing above 7920-7900 we can hope for rise. My first
probable target is 8000 on Nifty. It may come today or tomorrow. This market is
buy-in-dip for trading.
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Strategy for Nifty December future – Nifty
Future may not open on positive note but we can see buying coming from lower
levels again. On higher side if it can sustain above 7990 then one can see this
instrument moving towards 8020-8030 levels.
S&P 500 (USA) – It is
dead as expected and I do not change my study. This is not so good as per trade
near 2100 is concern. It may advance or it may not advance and that’s the
reason I do not used to buy at 2100 levels. Technically market is still in no
trade zone. As long as it is above 2070-2060 we can say this level to hold. On
other side it can see a possible dip from higher levels. It seems that recovery
has done but that’s my speculation only.
