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Archives
All posts for the month July, 2015
For 31st July 2015
Nifty Future Resistance 8476/8487/8493/8496(1)/8522/8542(2) and Supports 8447/8428(1)/8420/8409/8392/8382(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.
Disclaimer: Nothing sure in the market. Trade with stop loss.
For 30th July 2015
Nifty Future August. Resistance 8427/8445(1)/8457(2)/8473/8482/8493 and Supports 8400/8391(1)/8379(2)/8355/8345/8331. Breakout pending for either side. 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 levels:
Bulls : Sustain above 8482
Bears : Sustain below 8355
Disclaimer: Nothing sure in the market trade with stop loss.
For 29th July 2015
Nifty Future Resistance 8372/8380/8395(1)/8397(2)/8422/8461 and Supports 8331/8307(1)/8305(2)/8281/8256/8191. 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. To obtain August future add 42 points for each level.
Breakout levels:
Bulls : Sustain above 8422
Bears : Sustain below 8281
Disclaimer: Nothing sure in the market trade with stop loss.
For 28th July 2015
Nifty Future Resistance 8423/8440/8465(1)/8493/8501/8595(2) and Supports 8353/8339/8281(1)/8263/8211/8151(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 August future add 43 points for each level.
Disclaimer: Nothing sure in the market trade with stop loss.
For 27th July 2015
Nifty Future Resistance 8570/8575/8579(1)/8604/8631/8647(2) and Supports 8524/8514/8489(1)/8477/8462/8437(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 August future add 42 points for each level.
Disclaimer: Nothing sure in the market trade with stop loss.
{{As of now parameters are in favour of positive. No range breakout seen for the week. Remain cautious for positional trading. Follow levels given below and compare with my daily levels}}
Above was my previous weekly technical view regarding Nifty Future. Body language of the post was initially positive with cautious for positional trading. It did 4 tops with in range of 20 points without breaking bulls pivot 8690. Below bears pivot 8560 got 8491,8524. On upside support became resistance and above 8560 got 8667. Finally closed just above 43 points from weekly low. Did not break the given weekly range as predicted.
Nifty Future Weekly View Commencing 27th July 2015:-
It was closed day/week wise negative.
Negative Factors: 11
Positive Factors: 7
Conclusion:-
As of now parameters are in favour of negative. Lite smell of range breakout yet to be confirmed. Follow levels given below and compare with my daily levels.
Weekly Pivots:
Bulls : Sustain above 8575
Bears : Sustain below 8493
Resistances : 8647/8706
Supports : 8421/8362
Disclaimer: Nothing sure in the market. Trade with stop loss. Above are my personal views, consult with your personal trading adviser before act.
For 24th July 2015
Nifty Future Resistance 8634/8663(1)/8667/8680/8690/8696(2) and Supports 8586/8580/8572/8560/8545(1)/8512(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.
Disclaimer: Nothing sure in the market. Trade with stop loss.