Nifty Future Weekly View Commencing 22nd June 2015
{As of now parameters are showing in neutral. Follow levels given below and compare with my daily levels. (From 25th June levels valid for July future)}
Above was my previous weekly technical view regarding Nifty Future. It was unable to break bears pivot 8216 rather than break and sustain above bulls pivot 8253 followed by 8314 to 8445. Whereas on 25th June the breakout level was 8441 by sustaining as per Daily Levels. Rewarded 191 points for levels followers.
Nifty Future Weekly View Commencing 29th June 2015:-
It was closed day wise negative, week/settlement wise positive.
Positive Factors: 12
Negative Factors: 10
Conclusion:-
As of now parameters are in favour of positive. Lite smell of range breakout but it is not clear. So positional approach should be in cautious. Follow levels given below and compare with my daily levels.
Weekly Pivots:
Bulls : Sustain above 8418
Bears : Sustain below 8346
Resistances : 8454/8536
Supports : 8310/8228
Disclaimer: Nothing sure in the market. Trade with stop loss. Above are my personal views, consult with your personal trading adviser before act.