WEEKLY NIFTY FUTURE SPEAKS
Nifty future stood positive for the second consecutive week. The Sensex and Nifty rose by 3% for the week ended October 09, 2015.Open Interest addition was seen in 8500/8200 Calls and 7900/8100 Puts. Maximum OI concentration is placed at 8300 call indicating resistance for nifty and maximum OI is placed at 8100 put indicating support for market. For this week Nifty future is having the major resistance of 8255 and above this level having the next resistance of 8352 and in down side first support of 8050 and below this level next support of 7955.
WEEKLY BANKNIFTY SPEAKS
Bank nifty future positive for the second consecutive week. Last week bank nifty closed at 17614 with a high of 17799 with percentage change of 0.36 %. For this week bank nifty is having the resistance of 17915 and above this level next resistance of 18275 and in down side having the support of 17150 and next support of 16815.
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