Dated :- 23.10. 2016                                 NIFTY SPOT : 8693.05

Hi readers,

Nifty is trying to settle down from the rebound and closed at 8693.

Now for the next week, Nifty is expected to be in a range. Range is expected to be between 8600 to 8827.

Now the first good support comes at 8630 and the second major support is at 8580.

On the upside resistance lies at 8780 and 8827.

Range bound and volatile move is expected in coming week from Nifty. Where Nifty is expected to give up and down days.

Nifty is stuck between 20 DMA at 8652 and 50 DMA at 8709.

Expect volatile moves in Nifty.

Try to trade less in this week because the volatility and up and down moves will kill the profits. Rather enjoy the DIWALI FESTIVAL. Some times trading less or no trading is a profitable approach. One should not be a compulsive trader.

Enjoy the festival season.