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Saturday, 11 October 2014

Nifty weekly forecast for 13th Oct - 17th Oct 2014 for Nifty october 2014 series

Hi,

Nifty has traded perfect sideways this week. We expected bullishness which came but global markets kept check on the growth.

We are expecting this sideways movement to continue next week too.

Expected range is 8000 - 7800.

Anything below 7800 should be unstable. Chances of 7800 getting tested is only 20%.

So trade with sideways strategy only. There is hardly any buildup, and FIIs are not in buying mode, so don't expect markets to hold any highs. DIIs prefer buying at lower levels after FII action is complete.

Anjum S Khan
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