Markets show positive sentiments, With the results of exit polls showing the Bharatiya Janata Party (BJP) having an edge over the Congress in the five Assembly elections held in November and December  which are set to declare poll results on December 8. Nifty Dec fut closed on a positive note with weekly gain of  94.20bps and sensex closed at 20996 with a gain of  218 bps

For next week nifty  Dec  Fut can show some bullish  sentiments as Nifty has tested its major resistance level of 6342 so further upside rally can be expected. Major levels to watch are 6342 if Nifty Dec Fut manages to cross its resistance level of  6342 levels of  6415 and 6500 can be expected on upside. Its major support level is at  6260 breaching of which can test 6185 mark.

Stocks to watch on:

ADANIPOWER FUT:- Technically stock is looking very strong on charts, it has recently completed its rouding pattern on lower sides and is sustaining above its major resistance mark, and 10 and 50 days moving average, for coming sessions 41.15 is a crucial level one can take fresh long positions above the level of 41.15 for tgts of 42.80 and 44.60 with sl of 40.10

JAINIRRIGATION  FUT- Technically Stock is trading with positive sentiments and is sustaining above its 10 and 50 days moving average. One can take fresh long positions above the levels of 73 for tgts of 74.85 and 76 with sl of 71.95