For 31/10/2014
Nifty Future Resistances
8218/8228/8248(1)/8262/8270(2)/8294 and
Supports
8173/8148(1)/8135/8126(2)/8114/8102. 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.
Archives
All posts for the month October, 2014
For 30/10/2014
Nifty Future November Resistances
8142/8154(1)/8166/8178/8193(2)/8217 and Supports
8120/8116(1)/8101/8095/8080/8077(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.
Weekly levels valid for November future today.
For 29/10/2014
Nifty Future Resistances
8052/8063/8069(1)/8075/8101/8103(2) and Supports
8029/8014/8011(1)/8000/7977(2)/7973. 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.
To obtain November future levels add 43 points for each level.
For 28/10/2014
Nifty Future Resistances
8035/8041(1)/8046(2)/8062/8070/8091 and Supports
7981/7973/7955(1)/7950(2)/7939/7927. 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 8070
Bears: Sustain below 7927
To obtain November future levels add 45 points for each level.
For 27/10/2014
Nifty Future Resistances
8030/8040/8045(1)/8067(2)/8075/8091 and Supports
8003(1)/7992/7981(2)/7973/7958/7951. 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.
To obtain November future levels add 44 points for each level.
Above was my previous week view. It was clearly positive to breakout without any hazitation. Bulls pivot was 7842 above the level did not looked back and rallied to 8039.50. Low of the week 7882.05.
Nifty Future Weekly View Commencing 27th October 2014:-
Nifty Future day/week wise positive settlement wise negative.
Positive Factors:
1) Day by day doing higher tops and bottoms
2) Open interest above 13 day average on higher side
3) Closed above 34 SMA
4) Closed above D3 to D8
5) M/I day by day as -34/14/75/73
6) Under current day by day as -80/126/183/173
Negative Factors:
1) Volume lower on higher side
2) Volume below 13 day average
3) ATI day by day as 114/111/108/100
4) AMI day by day as -7/ -6/ – 6/ -10
5) AMI 2 day by day as -1/+1/0/-4
6) AMI 3 day by day as 138/118/98/35
Conclusion:
As of now may upside still left. Cautious approach on higher side. Upside limited to 8448.55 in medium term and corrections may come anywhere from current levels in absence of followup buying. Follow levels given below and compare with my daily levels.
Weekly Pivots:-
Bulls: Sustain above 8075
Bears: Sustain below 7973
Resistances: 8101/8241
Supports : 7947/7807
Disclaimer: Nothing sure in the market. Trade with stop loss. Above are my personal views, consult with your personal trading adviser before act.
Please click these links given below one by one and review and compare with post and comments. Previous results may or may not be reflected in future. Nothing sure in the market trade with stop loss.
https://m.facebook.com/story.php?story_fbid=568636719918439&id=100003163486071&refid=52
https://m.facebook.com/story.php?story_fbid=620427621406015&id=100003163486071
For 23/10/2014
Nifty Future Resistances
8041/8076(1)/8078 (2)/8086/8096/8100 and Supports
7997/7990 (1)/7988 (2)/7967/7948/7937. 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.
Breakout level :
Bulls: Sustain above 8100
Bears: Sustain below 7967
Disclaimer:
Nothing sure in the market trade with stop loss.
Indian market closed 23rd and 24th October 2014.
For 23/10/2014
Nifty Future SGX Resistances
8034(1)/8042/8060/8075/8090/8099(2) and
Supports
7994(1)/7984/7967/7945/7934/7929(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. Status Neutral. Showing
cautious at higher.