For 1st December 2014
Nifty Future Resistances
8655/8670/8687(1)/8701/8735/8765(2) and Supports
8632/8606/8593/8589(1)/8548/8511(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 November, 2014
Above was my previous weekly view. Unable to sustained below tolerance band of given bears pivot 8451 by considering my tolerance band +/- 0.146% its came to 8438.66. Did low 8437.05 and rallied to 8668 by breaking bulls pivot 8533. Did high 8668 and my projected high was 8665. Positive above 200+ points.
Nifty Future Weekly View Commencing 1st December 2014:-
It was day/week/settlement wise positive with life high.
Positive Factors:
1) Highest closed in life time with volume above 13 day average
2) Closed above intraday closing trigger price 8632
3) Closed above all short and long term moving average
4) Week on week higher tops and bottoms
5) Closed much above D3
6) M/I day by day as 174.27/94.10/93.97/143.08/210.05
7) T/I day by day as 73.07/77.92/82.42/ 87.35/92.75
8) Under current day by day as 247.34/172.01/176.39/230.43/302.80
9) 5DAVT1 day by day as 61.82/67.48/72.70/77.76/82.70
10) AMI 3 day by day as 77.30/33.95/82.40/112.90/184.30
11) Week on week T/I as 62.85/43.08/44.48/68.01/92.75
12) AMI 1 week on week as-47.54/-47.62/-29.08/+4.38/+30.51
13) AMI 3 week on week as 694.15/115.90/145.60/217.65/376.90
14) Positive closed above 13 day average volume
15) Open interest above 13 day average
16) AMI 1 day by day as 11.25/10.46/9.72/9.60/10.04
17) AMI 2 day by day as-19/-0.78/-0.75/-0.12/+0.44
Negative Factors:
1) 5 WAVTI week on week as 110.35/90.70/73.57/63.62/62.23
Conclusion:
As of now trend is on positive mode. I think no worries until break and closed below 8482.25 for 2days. As market on life high always alert is needed. Follow levels given below and compare with my daily levels.
Weekly Pivots:
Bulls : Sustain above 8670
Bears : Sustain below 8606
Resistances: 8728/8775
Supports: 8548/8501
Disclaimer: Nothing sure in the market. Trade with stop loss. Above are my personal views, consult with your personal trading adviser before act.
For 28/11/2014
Nifty Future Resistances
8558/8569(1)/8570(2)/8578/8583/8595 and Supports
8532/8525(1)/8524(2)/8512/8499/8477. Expected 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.
For 27/11/2014
Nifty Future December Resistances
8540/8565(1)/8569/8579(2)/8593/8604 and Supports
8511/8503/8497(1)/8483(2)/8471/8458. 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.
For 26/11/2014
Nifty Future Resistances
8502/8515(1)/8533/8540/8552/8559(2) and Supports
8451/8446/8444/8419(1)/8397/8375(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.
To obtain December future levels please add 50 points for each level.
For 25/11/2014
Nifty Future Resistances
8553(1)/8559/8561/8570/8583(2)/8596 and Supports
8526/8519(1)/8498/8489(2)/8462/8445. 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 December future levels please add 48 points for each level.
Nifty Future 12931
TF 32 months Or 952 days or
871 trading days Or around 30th June 2017.
CMP 8492.40 As per closing 21st November 2014. This is my projection. In between so many ups and downs follow updates regularly. FIrst barrier 8653.
Disclaimer : Nothing sure in the market trade with stop loss.
For 24/11/2014
Nifty Future Resistances
8517/8533/8549(1)/8578/8596(2)/8600 and Supports
8467/8451/8446/8435(1)/8412/8388(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.
To obtain December future levels please add 49 points for each level.