WEEKLY NIFTY FUTURES SPEAKS
Nifty future recovered from mild falls to advance on Friday, posting their third consecutive weekly gain, as hopes for rising sales during the ongoing festive season lifted sectors such as auto makers, trumping earlier concerns about earnings. The S&P BSE Sensex and CNX Nifty ended 0.76% and 0.72% higher each. Open Interest addition was seen in 8200/7800 Calls and 7900/8500 Puts. Maximum OI concentration is placed at 8300 call indicating resistance for nifty and maximum OI is placed at 8000 put indicating support for market. For this week Nifty future is having the major resistance of 8275 and above this level having the next resistance of 8375 and in down side first support of 8085 and below this level next support of 7975.
WEEKLY BANKNIFTY SPEAKS
Bank nifty future wrapped up the week ended October 16, 2015 in the green zone led by improvement in key macro data and global cues. Last week bank nifty closed at 18001 with a high of 18009 with percentage change of 1.52 %. For this week bank nifty is having the resistance of 18050 and above this level next resistance of 18407 and in down side having the support of 17625 and next support of 16275.
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