Nifty Future weekly view commencing 2/6/2014:-
Negative Factors:-
1)Nifty Future day/week wise negative.
2) Closed simultaneously below 5/8/13 SMA
3) Maintained lower top and lower bottom.
4) M/I DAY by day as 219.21/154.66/147.35/71.11/37.41
5) Under current day by day as 310.76/247.82/243.83/173.75/148.72
Positive factors:-
1) Closed month wise settlement wise positive.
2) Negative side open interest below 13 day average.
3) Negative side volume below 13 day average.
4) M/I day by day negative but still maintained + sign.
5) U/C day by day negative but still maintained + sign.
6) T/I day by day as 91.55/93.16/96.48/102.64/111.31 in ascending order.
7) 5DAVT1 day by day 91.06/91.41/92.57/95.03/99.03
8) AMI day by day as 0.49/1.75/3.92/7.61/12.28 in ascending order.
9) Closed negative but within the range given in previous week support (2) 7183.
Conclusion:
M/I and U/C showings profit booking only not sell off. As sign still maintained ‘+’ ve.
T/I throughout the week in ascending order and maintained above 5 DAVTI .
Expect bounce back near on card with range breakout. Follow levels given below and compare with my daily levels.
Pivots:
Bulls: 7254
Bears: 7214
Resistances: 7310(1)/7317(2)
Supports: 7158(1)/7151(2)
Disclaimer: Nothing sure in the market. Trade with stop loss.
Archives
All posts for the month May, 2014
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Reading time 8:35 am IST :-
Nifty Future
Opening : 7257/7271
Low : 7187 and unlikely below 7167
High: 7286
1st session : Flat to Negative
2nd session : deceptive.
3rd session: Will try to regain its ground but wouldn’t be successful too much. Closing in red slide higher from low.
Disclaimer: Nothing sure in the market, trade with stop loss.
For 30/5/2014
Nifty Future Resistances 7317/7332(1)/7335/7353/7368/7397(2) and Supports 7241/7201(1)/7195/7188/7183/7135(2). Swing trader can trade with help of stop loss as perĀ support and resistance by supporting sustaining norms. Consider my tolerance band +/- 0.146% for these levels.
For 29/5/2014
Nifty Future (June) Resistances 7361/7384/7398(1)/7403(2)/7425/7436 and Supports 7335/7322/7310(1)/7305(2)/7284/7258. Smell of either or both side breakout. Swing trader can trade with help of stop loss as perĀ support and resistance by supporting sustaining norms. Consider my tolerance band +/- 0.146% for these levels.
For 28/5/2014
Nifty Future Resistances 7335/7366/7429/7470(1)/7499/7521/7606(2) and Supports 7308/7281/7265/7216/7170(1)/7034(2). Swing trader can trade with help of stop loss as per support and resistance by supporting sustaining norms. Consider my tolerance band +/- 0.146% for these levels.
Excuse me, very unexpected range come out from my calculations may be cover part or full. We can not control the market .Trade safely, by which are in our control.
For 27/5/2014
Nifty Future Resistances 7388(1)/7390(2)/7412/7429/7450/7500 and Supports 7336(1)/7334(2)/7313/7267/7265/7183. Expected either or both side breakout. Swing trader can trade with help of stop loss as per support and resistance by supporting sustaining norms. Consider my tolerance band +/- 0.146% for these levels.
Spiritual reading time 12:29 am IST:-
Nifty Future
Opening : 7404/7417
Low : 7387/ 7389
High: 7457/7486
1st session : Positive
2nd session : Return from near High but not able to break low
3rd session: Chance to break intraday low and closing in green.
Disclaimer: Nothing sure in the market, trade with
stop loss.
For 26/5/2014
Nifty Future Resistances 7406/7429/7441(1)/7501/7518(2)/7521 and Supports 7361/7353/7335/7323(1)/7307/7246(2). Swing trader can trade with help of stop loss as per support and resistance by supporting sustaining norms. Consider my tolerance band +/- 0.146% for these levels.
Nifty Future weekly view commencing 26/5/2014:-
Nifty Future day/week/settlement wise positive and highest closed ever.
As of now all leading technical parameter showing positive.
Follow levels given below and compare with my daily levels.
Pivots:
Bulls: 7429
Bears: 7335
Resistances: 7499(1)/7581(2)
Supports: 7265(1)/7183(2)
Disclaimer: Nothing sure in the market. Trade with stop loss.