Nifty Future Weekly View Commencing 17th August 2015
{{ As of now parameters are showing in favour of positive. Medium term buy on dips for investors still valid. Follow levels given below and compare with my daily levels}}
Above was my previous weekly technical view regarding Nifty Future. Never crossed bulls pivot 8588 rather than it broke bears pivot 8498 every day. Till 3rd day it slipped below 8498 and took support around 1st given support 8427 and bounce back to around 8498 or above. Finally slipped below step by step 8427> 8353 to 8222 and closed @ 8306.35. Much lower than end given support 8353 with highest volume of the week. Well rewarded for levels followers.
Nifty Future Weekly View Commencing 24th August 2015:-
It was closed day/week wise negative and below 7 week lows with highest volume of the week.
Negative Factors: 15
Positive Factors: 5
Conclusion:-
As of now parameters are in favour of negative. Follow levels given below and compare with my daily levels.
Weekly Pivots:
Bulls : Sustain above 8341
Bears : Sustain below 8271
Resistances : 8379/8453
Supports : 8233/8159
Disclaimer: Nothing sure in the market. Trade with stop loss. Above are my personal views, consult with your personal trading adviser before act.