Friday saw a big gap up in nifty futures which touched 10400 high and closed at 10356. Bank Nifty also climbed up to 25590 and ended the day at 25528.
Both the index have reacted sharply to the exit poll news and there is likely to be volatility in the index and Nifty / BNF may come down to 10250/25275 levels.
Next week expiry of Bank Nifty may see an upswing till 25780. 25575 is a stiff resistance which must be crossed for target 25800, 26000.
Since all events are over and there could be more cheer due to festive season, let us be prepared for a happy ending of 2017. Be long in this market from Monday onward and do book profits.
Nifty future range for the week - 10250 - 10408. Above 10408 means a lead towards ATH.
Bank Nifty future range for the week - 25300-25590. Above 25600 means march towards 26200.
Happy Trading!
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