For 1/7/2014
Nifty Future Resistances 7647/7657/7669(1)/7674/7697/7712(2) and Supports 7614/7599(1)/7576/7571/7559/7556(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.
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All posts for the month June, 2014
For 30/6/2014
Nifty Future Resistances 7551/7559/7570(1)/7576(2)/7597/7620 and Supports 7531/7518(1)/7512(2)/7491/7464/7436. Smell of 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.
Breakout level:-
Bulls: Sustain above 7597
Bears: Sustain below 7491
Nifty Future weekly levels commencing 30/6/2014:-
Pivots:
Bulls: 7576
Bears: 7512
Resistances: 7620(1)/7657(2)
Supports: 7430(1)/7393(2)
It closed day/week/settlement wise positive. Follow above levels and compare with my daily levels. Nothing sure in the market, follow price action strategy.
For 27/6/2014
Nifty Future Resistances 7547/7566/7573(1)/7586/7609(2) and Supports 7529/7518/7497(1)/7493/7461(2)/7421. 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.
For 26/6/2014
Nifty Future July Resistances 7619/7623(1)/7635(2)/7646/7657/7716 and Supports 7593(1)/7581(2)/7567/7559/7552/7534. Smell of either or both side breakout. Swing trader can trade with help of stop loss as per support and resistance by supporting sustaining norms. Consider tolerance band +/- 0.146% for these levels.
Breakout level:-
Bulls: Sustain above 7657
Bears: Sustain below 7559
For 25/6/2014
Nifty Future Resistances 7608/7620/7645(1)/7657/7693/7716(2) and Supports 7582/7572/7567/7547(1)/7526/7476(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.
Reading time 8:40 am:-
Nifty Future
Opening : 7527/7534
Low 7502/7487
High: 7583
1st : Positive/Volatile
2nd: Some cool off
3rd: Positive even have tendency to upper breakout
Disclaimer: Nothing sure in the market, trade with stop loss .
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Vipul Kapadia likes this.
Ashis Maji Sustain above 7578 next levels 7620/7647.
2 hours ago · Like
Ashis Maji Done 7600
59 minutes ago · Like
For 24/6/2014
Nifty Future Resistances 7517/7534/7546(1)/7557/7563(2)/7578 and Supports 7493/7466(1)/7464/7456/7449(2)/7427. 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.
For 23/6/2014
Nifty Future Resistances 7553/7557/7561(1)/7577(2)/7582/7599 and Supports 7513/7493/7489(1)/7473(2)/7456/7451. 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 23/6/2014 :-
Negative Factors:-
1) Day/week wise negative done week on week lower tops and bottoms
2) Closed below 5/8/13 SMA
3) M/I day by day as 81.83/161.31/63.87/51/12.77
4) Under current day by day as 241.20/324.09/230.95/224.33/191.34
5) Closed below D3 average
Positive factors:-
1) Closed within the tolerance band of weekly bear pivot 7529
2) AMI week on week as -12.47/6.54/33.99/36.17/42.22
3) T/I week on week as 91.3/111.31/144.94/155.64/178.57
4) Volume was higher from 16th June to 19th June but weekend closing below 13 day average on down side
5) Open interest below 13 day average through the week on lower side
6) Closed above D5 even after break the level
7) T/I day by day as 159.37/162.73/167.09/173.33/178.57
8) 5 DAVTI day by day as 153.43/155.98/159.32/163.44/168.22
9) AMI day by day as 5.93/6.80/7.77/9.68/10.34
Conclusion:-
Nifty Future very close to support hope bounce back near on card in next 2 days. Bulls must be try to protect 7477.44 by weekly closing even if break the level. Follow levels given below and compare with my daily levels.
Pivots:
Bulls: 7557
Bears: 7493
Resistances: 7620(1)/7657(2)
Supports: 7430(1)/7393(2)
Disclaimer: Nothing sure in the market. Trade with stop loss.