For 1/9/2014
Nifty Future Resistances
7995/7998(1)/8007/8010(2)/8022/8033 and Supports
7974(1)/7967/7962(2)/7948/7939/7921. Smell of either 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 8033
Bears: Sustain below 7939
Archives
All posts for the month August, 2014
In my previous weekly view given 2 Pivots, unable to breaks bears pivot 7876 with its tolerance band did 7871.55 and taken support there rallied to 8007. If you noticed than, breaks bulls pivot 7980 with its tolerance band and closed successfully above 7980 to 7986.40. You have many questions in your mind why I have considered September future ? August future was no more future on closing and my levels always valid on next month future in any current expiry date.
Nifty Future Weekly View commencing 1st September 2014:-
It was highest closed day/week/month/ settlement/year to date wise with lifetime high by volume above 13 day average.
All figures given below to nearest rounded off.
Positive factors;-
1) Closed much above all short/medium/long term moving average.
2) ATI day by day as 117/112/110/109 ratio of depreciation minimise
3) AMI day by day as -9/-8/-7/-5
4) M/I day by day as 100/82/95/134
5) AMI 2 day by day as 1/0/2/2
6) AMI 3 day by day as 61/38/62/87
7) Under current day by day as 216/195/208/243
Negative Factors:-
Only 3 parameters are negative.
Conclusion:-
Medium term still buy on dips mode. Expected weekly range breakout. Follow levels given below and compare with my daily levels.
Weekly Pivots:-
Bulls: Sustain above 8005
Bears: Sustain below 7967
Resistances: 8055/8067
Supports : 7917/7905
Settlement Pivots:
Bulls: Sustain above 8030
Bears: Sustain below 7942
Resistances: 8147/8171
Supports: 7825/7801
Disclaimer: Nothing sure in the market. Trade with stop loss.
After whole days trading NSE published closing price of Nifty Future around 5 pm IST.
Someone can manipulate the last trading price by buck quantity buying or selling in last minute to push the price below or above the nearest key technical level to show that market weak or strong. We can only get true picture from the weightage closing price because no one can manipulate the price. And it is so important that next day index will be count from the weightage closing price not from the last trading price.
Example:-
Suppose key level is 7981. Bulls will try to close above the price and bears should try below the price. Ultimately closed at 7977 as per last trading price. But weightage closing price come to 7986.40. So it is treated as strong closing and can be one of the other indicators. Please note only one indicator can not defined the trend, needs to consider other technical parameters.
Disclaimer:
Nothing sure in the market trade with stop loss.
For 28/8/2014
Nifty Future September Resistances
7974/7986(1)/8006(2)/8018/8029/8064 and Supports
7960(1)/7948/7940(2)/7928/7917/7908. 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 27/8/2014
Nifty Future Resistances
7921/7930(1)/7949(2)/7961/7972/7980 and Supports
7900/7892/7884(1)/7870/7865(2)/7852. 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 September future add 37 points on each level.
For 26/8/2014
Nifty Future Resistances
7949(1)/7951/7962(2)/7980/7985/8008 and Supports
7897/7881(1)/7868(2)/7858/7852/7845. 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 7985
Bears: Sustain below 7845
For September future add 37 points on each level.
For 25/8/2014
Nifty Future Resistances
7946(1)/7952/7968(2)/7980/7991/8000 and Supports
7910(1)/7902/7888(2)/7876/7865/7851. 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.
Above was my previous week view. It was unable to sustained below given bear pivot 7777 done low 7772.60. Where as it crossed and sustained above bulls pivot 7831, after didn’t looked back and rallied near to my 2nd resistance 7920 done 7939.80 and closed within my tolerance band of 7920. Remember I said some brakes on upside. Make triple tops within range of 20 points as 7923.65, 7937.05, 7939.80 is not a brakes?
Nifty Future Weekly View commencing 25th August 2014:-
It was closed day/week/settlement wise positive with lifetime high.
Positive factors;-
1) Week on week forming higher tops and bottoms. Closed much above all short/medium/long term moving average.
Negative Factors:-
1) Volume day by day in lac as 92.15/85.31/68.72/95.82/71.97
2) 13 day average volume day by day as 120.87/121.23/117.95/111.99/109.38
3) ATI day by day as 137.83/133.46/130.27/125.01/120.08
4) AMI day by day as -2.45/-5.59/-6.56/-8.52/-9.25
5) T/I day by day as 137.83/133.46/130.27/125.01/120.08
6) 5 DAVTI day by day as 140.27/139.04/136.83/133.53/129.33
7) Under current day by day as 288.01/293.54/254.57/240.42/241.91
8) WCTI week on week as 161.65/148.36/138.28/141.09/120.08
Conclusion:
If cross and sustain above bulls pivot given below with above 13 day average volume sure to create panic buying in the bears camp otherwise it will be resistance . If cross and sustain below bears pivot in same can see selling pressure which leads to fall 100/150 points easily. Follow levels given below and compare with my daily levels.
Pivots:-
Bulls: Sustain above 7980
Bears: Sustain below 7876
Resistances: 8064/8150
Supports : 7792/7706
Disclaimer: Nothing sure in the market. Trade with stop loss.
For 22/8/2014
Nifty Future Resistances
7920/7937/7948(1)/7963(2)/7975/7986 and Supports
7895/7886/7867/7858(1)/7843(2)/7831. 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.