Month of November look bullish start of this year and closing of Derivative f&o expiry of November month look bearish than starting position, nifty start 6200 above sensex 21above both index touch record high in this month after support of global market and currency strength.
Current scenario :
nifty close this week down at 6000 level and sensex 20217, bank nifty 10746 level
after negative trend of global market and weakness of rupee, domestic market continue break down side, but over all strong companies make high in this month.
Infosys: infosys break 52 week high in this month touch 3459 last week and now traded at 3360,
tcs make high 2265 now close at 2008 level,
hcl : make high last month 1182 and now close at 1054.85 so these companies look strong position for investing.
Nifty trend for coming week:
because of expiry occurs in nifty next week so week support and not more chance for up trend only fundamental trend give some support then nifty touch 6150 level.
Nifty resistance and pivot level for tomorrow
pivot level : 6022
resistance level 6040,6060,6090
support level 5990,5969,5930
Advice : buy above 6015 and sell below 5980
Option call: buy nifty 6000 call above 70 target 80,90,100 stoploss 50
option call: buy tata steel 400 call above 4.00 target 5,6,7 stoploss 3