Nifty Weekly Outlook(07-11 November, 2016)

For Educational Purpose

Nifty Close the Week with a lose of almost 2.40%

Now What's Next:

Now Nifty is at very critical level. It is make or break position for Nifty. 

Immediate Support for Nifty lying at 8398. Once that level Breach then next support lying at 8337. But if this level also break then deep fall expected in Nifty which might extend to 8000 to 8100. .

Immediate Resistance for the Nifty Lying at 8500 to 8550. If the index manages to close above these levels then the index can move to the levels of 8650 to 8700.

Next week is expected to be highly volatile due to Global Event .