Nifty Future Weekly View Commencing 21st September 2015
{{As of now parameters are in favour of still positive. As positive parameters stood at 12 for 2 weeks so it may possible profit booking come on higher and buying may come on lower before deciding moves. Results remain volatile until expiry. Market never care about my thoughts, follow levels given below and compare with my daily levels}}.
Above was my previous weekly technical view regarding Nifty Future. Never broke bulls pivot 8082 rather than it broke bears pivot 7884 followed by 7755 >7714 (170 points from bears pivot). On upside support 7755 became resistance by cross and sustain got 7882/7933, well rewarded for levels followers. Surprisingly buying came at lower and selling came at higher. Finally closed @ 7895.70 just above the weekly support 7884 and intraday closing trigger 7895.10.
Nifty Future Weekly View Commencing 28th September 2015:-
It was closed day wise positive and week/settlement wise negative.
Negative Factors: 12
Positive Factors: 4
Conclusion:-
As of now parameters are in favour of negative. Bounce back can not be ruled out. Remain cautious at higher levels. Follow levels given below and compare with my daily levels, .
Weekly Pivots:
Bulls : Sustain above 7960
Bears : Sustain below 7832
Resistances : 8047/8166
Supports : 7745/7626
Disclaimer: Nothing sure in the market. Trade with stop loss. Above are my personal views, consult with your personal trading adviser before act