For 1/10/2014
Nifty Future Resistances
8029/8034(1)/8038/8047/8055(2)/8080 and Supports
7966/7948/7946(1)/7925(2)/7913/7902 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.
Trade cautiously high intensity day.
Archives
All posts for the month September, 2014
Reading time 8:33 am IST For 30th September 2014:-
https://m.facebook.com/story.php?story_fbid=685203341595109&id=100003163486071&refid=52&ref=bookmark
For 30/9/2014
Nifty Future Resistances
8012/8032(1)/8039/8057/8062(2)/8086 and Supports
7966/7956(1)/7948/7926(2)/7914/7901 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.
Trade cautiously high intensity day.
For 29/9/2014
Nifty Future Resistances
8042/8059/8068/8087/8114(1)/8119(2) and Supports
7996/7989/7977/7950(1)/7945(2)/7922. It is not confirmed but 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 8143
Bears: Sustain below 7922
Nifty Future Weekly View commencing 29 September 2014:-
It was closed week/settlement wise negative and day wise positive.
Negative Factors:-
1) Closed below 5 Wma with volume above 13 day average
2) Closed below 5/8/13/21 Sma
Positive Factors:-
1) Closed above intraday closing pivot with 2nd highest volume (178.84) After 11.7.2014(205.29)
2) Open interest above 13 day average in positive closing.
3) T/I day by day as 132/133/134/138/140
4) M/I day by day as 99/-30/-45/-78/-17
5) Under current day by day as 231/103/89/79/122
6) Breaks D3 and closed much above it
7) AMI day by day as 4.16/3.14/2.74/4.49/4.54
8) AMI3 day by day as 137/13/73 88/220
9) 5 week low didn’t break
10) Closed below 5WMA but still above 8/13 WMA
Conclusion:-
As of now expect positive bounce back. Remain cautious at higher levels specially 30th September and 1st October. Follow levels given below and compare with my daily levels.
Weekly Pivots:-
Bulls: Sustain above 8113
Bears: Sustain below 7948
Resistances: 8238/8377
Supports : 7826/7687
Disclaimer: Nothing sure in the market. Trade with stop loss.
For 26/9/2014
Nifty Future Resistances
7996/8002/8033(1)/8050/8062/8073(2) and Supports
7948/7940/7911(1)/7899/7889/7872(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.
For 25/9/2014
Nifty Future October Resistances
8065/8079/8089/8096/8103(1)/8127(2) and Supports
8047/8030/8021(1)/8007/8000/7997(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.
For 24/9/2014
Nifty Future Resistances
8062/8077/8084(1)/8090/8104/8132(2) and Supports
8016/7980(1)/7963/7949/7942/7932(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.
Please add 50 points for each level to obtain October future levels.
For 23/9/2014
Nifty Future Resistances
8177/8185/8212(1)/8221(2)/8233/8245 and Supports
8135/8112/8104(1)/8095(2)/8097/8071. Smell of either or both side breakout again. 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 8245
Bears: Sustain below 8071
To obtain October future please add 56 points for each level.