{{As of now parameters are in favor of negative. Follow levels given below for next moves. Again showing either or both sides weekly range breakout trade cautiously. On 27th April levels valid for May future}}
Above was my previous weekly technical view regarding Nifty future. View was either or both sides weekly range breakout followed by levels. Very first day it opened positive @ 9140.15 did low 9129 failed to break bears pivot 9106, above bulls pivot 9148 > 9203 > 9216> 9234.50 and closed above weekly breakout levels @ 9224.45. Next never looked back continue upside to 9377.75 (230 points from bulls pivot). Finally closed lower but above weekly breakout range @ 9333.70. Well rewarded by disciplined level followers if judge wisely. Daily levels works as usual. Weekly view successful without missing single word.
Nifty Future Weekly View Commencing 2nd May 2017.
It closed day wise negative and week wise positive with below 13 day average volume and above 13 day average open interest @ 9333.70.
Positive Factors : 14
Negative Factors : 8
Conclusion:-
As of now parameters are in favor of positive. Follow levels given below and compare with my daily levels. No weekly range breakout seen for the week.
Weekly Pivots:
Bulls : Sustain above 9390
Bears : Sustain below 9278
Resistances : 9451/9571
Supports : 9217/9097
Disclaimer: Nothing sure in the market. Trade with stop loss. Above are my personal views, may or may not be achievable. Consult with your personal trading adviser before act.