Last week, DHFL Nov Futures started the week on positive note but till the end of the week, all of its earlier gains were erased and it closed at 224.60 with the overall loss of 2.25% on weekly basis. Technically it’s consolidating above the trend line breakout in daily chart with the RSI recovering from the oversold zone and for this week, we can expect upside movement in it.
For this week, traders can adopt buying from trend line breakout strategy in it and above the level of 234 it can test the level of 254 during the week. Trades can make buy position in it by maintaining a Stop Loss of 226.

Last week, INDIACEM Nov Futures started the week on negative note and given pullback from trend line level. It made a low of 88.75 during the week and closed at 94.10 with the overall loss of 3.60% on weekly basis. Technically it’s forming Symmetrical Triangle Pattern on the lower levels with the positive RSI and for this week, we can expect upside movement in it.
For this week, traders can adopt buying from Symmetrical Triangle Pattern breakout strategy in it and above the level of 96.80 it can test the level of 99.80 during the week. Trades can make buy position in it by maintaining a Stop Loss of 94.00

Technical outlook:
Nifty:
Last week nifty index started on negative note on Monday and showed some sharp selling from higher levels but it recovered soon in Tuesday's trading session and from there on it consolidated in narrow range from 10550 to 10680 in next two trading sessions. Friday's session was dominated by the bulls as index crosses 10700 mark first time since 4 Oct 2018 to give closing the week at 10690 in green note with 0.9% gain on weekly basis. The index formed bullish candle on the daily charts and Hanging Man kind of pattern on the weekly charts. Nifty closing above 10,650 levels indicated that bulls are getting an upper hand in the market, so 10,700-10,800 could be next crucial levels. On the downsides, if the index slips below 10,580 levels then it may initially lead to the test of 10,460 in the near term. On the option front, maximum Put OI is seen at 10,000, followed by 10,200 strikes. Maximum Call OI is seen at 11,000, followed by 10,800 strikes.
For this week, traders can adopt buy on lower level strategy in it and above the level of 10,710. It can test the level of Rs. 10,810 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 10,650.


Bank Nifty:
The Nifty Bank index started the last week on red note on Monday and showed some selling pressure on its important resistance levels of 25980 levels. From next trading session bank nifty Index remained positive throughout the week as it crossed its major resistance levels of 26,000 and closed the week at 26,256 levels with green note. Bank Nifty Index has gave breakout of double bottom price pattern on daily chart and also formed a bullish candle on weekly charts. If It manages to hold above the 25,350 than it can moves towards 26,500 and 26,700 levels in next week. On the other side support is placed at 26,000 and 25,600 levels.

For this week, traders can adopt buy on lower level strategy in it and above the level of 26,440. It can test the level of Rs. 27,200 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 25,990.

IVISLAB NSE CASH:
Overall trend of the Stock is bullish for long term . For short term stock is in consolidation phase. Last week, it started on negative note and traded with sideways movement throughout the week. On daily chart it has formed a flag pattern on higher levels and trading above its major resistance levels of 1530. If it manages to trade above the levels of 1578 than further upside move can be seen in it
For this week, traders can adopt buy on lower level strategy in it and above the level of 1578 it can test the level of Rs. 1624 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 1548.

VEDL NSE CASH:
Overall trend of the Stock is sideways for long term . For short-medium term stock is in consolidation phase . Last week stock started on negative note but good buying was seen in it from lower levels throughout the week. On daily chart it is consolidating on lower levels. If it manages to trade above 213 levels than further upside move can be seen in it. In intraday it showed a good positive move.

For this week, traders can adopt buy on lower level strategy in it and above the level of 213 it can test the level of Rs. 221 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 208.

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