NIFTY_Weekly_Analysis 14-07-2017 maximum profit booking@ 9950- 10000

NIFTY finally made a big blst with giant white candle as a result broke the previous levels to close little shy of 9900 (at 9881)

With the strong momentum and positive sentiment 9950- 10000 looks like the place where maximum profit booking will take place

I advise all the portfolio holders to do book profits and wait for the markets to Correct before making fresh buying

EMA 20 & EMA 50 are wide apart and Bullish

Next Resitance 9950-10,000
Next Support  9700-9750 

Suggested Option Strategy for the Week -Bullish  Bull call Spread or Back Spread