Nifty Future Weekly View Commencing 18th May 2015
{{As of now parameters showing positive with expected range breakout , more confirmation needed. Keep eagle eye watch on volume with price, for trend. Otherwise upwards journey will be treated as falls. Follow levels given below and compare with my daily levels.}}
Above was my previous weekly technical view. Body language of the post was positive. As per daily levels of 18th May above 8277 got 8384.95 (+100 points). Also it was noticeable never went below previous weekly closing 8261.20 so no questions of break bear pivot 8224. Not single closed below bulls pivot 8298 as a result got to 8488.60. (+190 points). Views satisfied with weekly range breakout.
Nifty Future Weekly View Commencing 25th May 2015:-
It was closed day/week wise positive and above 8 WMA backed by poor volume surprisingly.
Positive Factors: 9
Negative Factors: 9
Conclusion:-
As of now parameters showing confusing or neutral. Follow levels given below and compare with my daily levels.
Weekly Pivots:
Bulls : Sustain above 8521
Bears : Sustain below 8383
Resistances: 8595/8744
Supports: 8303/8160
Disclaimer: Nothing sure in the market. Trade with stop loss. Above are my personal views, consult with your personal trading adviser before act.