• Trading Account
  • Downloads
  • Nifty Options OI
    • Nifty Max Pain Chart
    • Nifty Option Change in OI Chart
    • Nifty Put Call Ratio
    • Nifty Option Total Change in OI
    • Nifty Trend Finder
  • BankNifty Option OI
  • About Us
  • Learn Technical Analysis
    • Advance Option Trading Course

OurNifty.com

A Indian Stock Market Blog

  • Forex
  • Gold
  • Intraday Stocks
  • Midcap Stocks
  • Multibagger
  • Nifty
  • Nifty Option
  • NSE
  • Amibroker

Nifty to Jump About 150 Points Next Week

By Bhaveek Patel Leave a Comment

As per our analysis, we expect a strong bounce back on nifty for about 150 points next week. This jump was confirmed on Friday (29-Oct). As we saw Nifty sharply advanced after touching the 50 DMA of 5933. This shows that the markets have finally found its support at 5933 levels, So considering these levels we see limited downside from here and an upside potential towards 6116 / 6158 levels. Stop loss should be placed at 5930 level. So a jump of about 150 is likely next week.

We are looking to buy nifty future on every decline as there is huge buying interest. I would certainly not buy on higher levels, but instead look for buying at support area.

The trend in the Nifty is currently up, so looking for buying opportunities only. No selling or short positions should be opened.

The trend for Nifty next week (1-Nov): Bullish

Nifty For Next Week 1 Nov 2010

Share
Tweet
Pin
0 Shares

You Should Read This:

  1. Nifty Futures follows its last week trend, Trading down by about 130 points, We advice trade short in Nifty Future Nifty futures continues its last week trend, today its again down by about 130 points this is more than 2% fall, Even the Asian markets are trading lower today. The closing that we have seen...
  2. Nifty Futures Support Resistance Level For 8-December 2010 Today nifty future has been weakening but we see a support level do exist near 5930 level, so our initial strategy for today is to buy nifty futures near 5935 level for intraday targets of...
  3. Nifty Futures August Series Trading Target Level for Next Week 1 August 2011, Bearish Momentum Expected Last week we have seen a very weak closing in Nifty futures, as a close below 5500 level for 2 days continuously. So we have now markets which has limited upside and huge downside, hence...
  4. Nifty Futures Support Resistance Level For 9-December 2010 Today nifty future has been weakening but we see a support level do exist near 5827 level, so our initial strategy for today is to sell nifty futures near 5990 level for intraday targets of...
  5. Nifty Futures Likely to Target 5200 Level Next Week 21 March 2011 Markets failed to close above the comfort zone of 5555. This failure has already resulted in intense selling in the broader markets, Also the interest rate hike and the Japanese earthquake crisis fueled index to...

Category: Nifty Tags: nifty/ Nifty Analysis

About Bhaveek Patel

Bhaveek Patel is one of the most successful traders, technical analyst, and investor, his areas of interest include stock market, forex, and gold trading. Apart from this, he is often seen in the golf course. He is having more than 10 years of experience in trading, had placed his first order on 19 June 2006 with IndiaInfoline.

Comments

  1. YOGESH KUMAR says

    SIR, I AM USING YOUR FREE SERVICE & NOW I WANT TO USE YOUR PAID SERVICE WHAT CAN I DO FOR THIS.MOBILE NO.9871991016

    Reply
    • Bhaveek Patel says

      Sir, we are not providing any paid tips. All the tips are now free here. Keep visiting for more free tips.

      Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Previous Post: SAIL Second Quarter Result Disappoints, net profit down 34%
Next Post: RBI Hikes Interest Rates by 25 bps

Advance Options Trading Course

options trading course

Lowest Brokerage Trading A/c

Lowest brokerage trading account opening in India

Learn Technical Analysis

technical analysis course

Recent Articles

  • ASX Penny Stocks List for 2025
  • 7 Ways to Boost Your Revenue
  • NYSE Penny Stocks List for 2025
  • Short On Cash? Here’s How You Can Manage Your Priority Spends
  • FREE Webinar on Option Chain Analysis
  • LSE Penny stocks list for trading in 2025 Should you buy?
  • BSE Penny Stocks List 2025

Popular Categories

Amibroker Finance Forex Gold Intraday Stocks IPO Midcap Stocks Multibagger NEWS Nifty Nifty Option NSE Results Short Term Stocks Technical Analysis

About Us | Contact Us | Privacy Policy | Disclaimer


Copyright © 2009 - 2025 OurNifty.com Trading ideas published here cannot be reproduced without permission from the author.
OurNifty is Powered by Wordpress and hosted on Digital Ocean