Dalal street winners nifty weekly forecast for 27 June to 1 July 2016
Nifty future this week closed with loss at 8027. Brexit finally a realty and might be first nail in coffin of this bull market. This week nifty future hit high of 8307 while low was at 7927 on brexit black Friday. Total 350 points range and negative closing suggesting high volatility and bearish ness of markets. For next week, nifty future outlook is bearish and below 8040 bearish trend to continue. On downside nifty future weekly support zones are 7925 and 7725 and these are target zones for next week. If nifty future sustain above 8040 for 1-2 trading session then it will be buying opportunity but that seems less likely. From long term view, market might be topped out and nifty medium to long term targets are 7250 and then 6500.
For next week, nifty future trading strategy will be keep bearish or sell view below 8040 levels. And keep targets at 7925 and then 7850. Daily closing below 7850 means another fresh breakdown for target 7550. Nifty finally achieved my short target of 8040. Nifty option trading strategy will be below 8040, follow buy and accumulate strategy in nifty in the money put options for big gains till expiry.