Week open's on a positive note , but towards the end of the week nifty Nov fut sheds its gains and closed  at 6015 with a weekly loss of  73.70 bps.

Nifty technically is looking bearish on chart, it is forming H&S pattern on daily chart, it has a strong and immediate support of 6000 which is also a neckline support of HNS pattern, break of this level one can technically expect a target of at least 350 points from its head, Nifty had also given sign of weakness as it formed evening star candlestick pattern on daily chart , so traders should adopt sell on higher level strategy, Major support level is 5900 and 5765 while immediate resistance is at 6080 & 6150

Stocks to watch on:

ACC FUT - Technically stock is in downward phase and is consolidating with negative sentiments and is sustaining above its risisng trendline thus one can go short  in  ACC  fut below  the  level of 1019 for targtes of  975 and 912

IDFC FUT- Technically stock is about to complete its upward slanting HNS, and is very well sustaining above its risisng trendline and 50 days MA thus if it manages to break its neckline level of  99.85 decline in the stock can be expected. Therefore one can initiate fresh short positions below the levels of 99.85 for targets of  92 and 87