NIFTY_Weekly_Analysis 10-08-2017

NIFTY rebounded back from its bottom of 9700 levels , nicely taking support of 20 EMA. However as suspected NIFTY will remain in a range or sideways trend for the most part of October.

The Major bullish trend will be restored on when NIFTY breaks the all time high wall of 10150.

For a quick Reference watch this video about Sideways trend 

Next Support : 9700-9750
Next Resistance: 10,150-10200

Option Strategy: Bull call Spread , Back Spreads  or any non directional Strategy.

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