WEEKLY NIFTY FUTURE SPEAKS
Nifty future closed with marginal gains and remained in a narrow range throughout the week. The Sensex rose 0.94% and the Nifty was up by 0.70% for the week ended October 23, 2015. Open Interest addition was seen in 8400/8300 Calls and 8200/8300 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 8355 and above this level having the next resistance of 8450 and in down side first support of 8205 and below this level next support of 8125.
WEEKLY BANKNIFTY SPEAKS
Bank nifty future snapped 2-day losing streak to end higher on Friday, amid firm global cues, after the European Central Bank (ECB) that it would inject more stimulus. Last week bank nifty closed at 17947 with a high of 17996 with percentage change of -0.01 %. For this week bank nifty is having the resistance of 18050 and above this level next resistance of 18415 and in down side having the support
of 17470 and next support of 17050.
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