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Saturday, 3 December 2016

Nifty view with prediction forecast strategy for December 2016 series - 5 Dec 2016


Nifty made low of 7938 on 22 November 2016 and bounced back to 8250 on 1 Dec 2016.

Now, it is quoting at 8086.

Our study says that below 8087, it should remain unstable and should try to rise back towards 8100 very fast.

And in our last report , we mentioned about bearish pattern which can take Nifty to 7800.

So, combining both predictions, we get = Nifty to remain range-bound between 7800 - 8100.

So, buy Nifty very aggressively at lows for target of 8100+.

Anjum S Khan