Dated :- 17.12. 2016                                 NIFTY SPOT : 8139.45

Hi readers,

Nifty has moved in the small range in the whole week. Between 8230 to 8121.

Our decision to book full profits and step aside and wait for fed decision was proved to be good.

Dull markets are always best avoided.

Now What -

Now Nifty contraction period is about to become over.

I expect Nifty to take a move on either side in coming week.

For that Bank Nifty is the coming week will give a good pre hand indication that which side the contracting market is expanding.

I believe that for the coming week 18484 is very important for Bank Nifty below and above that, the direction can be assumed and expected.

And for Nifty the range is 8050 to 8230. Breakout or breakdown of this range on either side will mean that the next move of further 100 to 150 points will easily come.

I will be willing to play that range breakout on either side.

Stop loss of the range breakout is

Nifty spot 8108 closing basis on downside breakdown.

And 8178 closing basis on upside breakout.

Together with keeping in mind the bank Nifty important level mentioned above.   

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.