Dated :- 27.11. 2016                                 NIFTY SPOT : 8114.30

Hi readers,

As expected Nifty is rebounding and taking support at 7900 level.

Nifty had become oversold at around 7900 levels. Readers would remember that in my previous blog dated Nov. 20, 2016 when Nifty was falling, it was clearly mentioned that at and around 7900 Nifty will become oversold and can rebound from there.

Now What ;-

Now in the coming week Nifty is expected to trade in the range bound manner. Range between 8000 to 8280.

The movement in the coming week is expected to be up and down days movement.

In the coming week I will look for contra trades possibilities where I will like to look for buying possibilities on dips for next 2- 3 days and will look for selling possibilities on rise from here in next 1-2 days for small profits and step aside. Keeping in mind the trading range mentioned above.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.