Dated :- 14.11. 2016                                 NIFTY SPOT : 8296.30

Hi readers,

Last week was very eventful and very volatile.

I hope readers would have enjoyed it.

Because this kind of volatility can be played only by profession traders and other's just loose money in that.

Events were of big magnitude from Demonetization of currency in INDIA to the TRUMP's win in U.S. and thus the movement and volatility was also big.

Now What ;-

Now after the big moves Nifty may take a breather for a day or two in coming week. Nifty will ultimately try to test again 8000 to 8100 types levels. It is expected to do so by gradually coming down in zig zag manner.

Use the rallies to sell till the Nifty is below 8550 for the lower targets of 8100 to 8000.

Keep an eye on the 20 DMA and ADX on daily charts. Nifty is below 20 DMA and slope of ADX has reached to the level of 28 now.

DO not try to be bullish on markets till the time charts do not support that bullishness.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.