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All posts for the month April, 2018
{{As of now parameters are in favour of weakness. As negative parameters stood @ 6 since 3 weeks, if not increased further possibilities of further up otherwise lower level can be tested again. Even weekly range breakout can not be ruled out. Follow levels given below and compare with my daily levels}}
Above was my previous weekly technical view regarding Nifty future. View was initially weakness and depending on negative parameters if not increased further, there was possibilities of further up with weekly range breakout. It opened negative @ 10579.65 did highs 10623.10/10635/10613 and lows 10551.30/ 10568.10/10531.80 and closed between 2 pivots in 3 days. Interesting to watch in between neither sustain below tolerance band of bear’s pivot or above bulls pivot. On 4th day by making low 10577.05 first time of the week closed decisively above bulls pivot @ 10632.50. Next day by making low 10640 rallied to 10698 > 10730 towards weekly breakout did 10744. Finally closed @ 10723.80. Weekly view successful without missing single word.
Probable weekly movements of Nifty Future commencing 23rd April 2018
Nifty Future Weekly View Commencing 2nd May 2018
It closed day/ week wise positive with lower than 13 day average open interest and volume @ 10723.80.
Positive Factors : 14
Negative Factors : 4
Conclusion:-
As of now parameters are in favour of positive. Initial 2 day’s low and high important to watch for the direction. Follow levels given below and compare with my daily levels.
Weekly Pivots:
Bulls : Sustain above 10781
Bears : Sustain below 10667
Resistances : 10887/10967
Supports : 10561/10481
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
For 30th April 2018. Nifty Future Resistances
10751/10776(1)/10781/10801/10814/10834(2) and Supports
10712/10704/10672(1)/10667/10626(2)/10614. 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.
Spiritual reading of Nifty Future for 27th April 2018 successful
Disclaimer : Nothing sure in the market trade with stop loss
For 27th April 2018. Nifty Future Resistances
10648/10660/10668(1)/10678/10687(2)/10698 and Supports
10619/10607/10598(1)/10582/10579(2)/10539. 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.
Spiritual reading of Nifty Future for 26th April 2018 successful
Disclaimer : Nothing sure in the market trade with stop loss
Pivots:-
Bulls : Sustain above 10781
Bears : Sustain below 10485
Resistances : 10967/11261
Supports : 10299/10005
On 31st May 2018 levels valid for June future.
Disclaimer: Nothing sure in the market. Trade with stop loss. Follow above levels and compare with my weekly/daily levels. Change trade direction according to levels as it is levels of 35 days. Above are my personal views, consult with your personal trading adviser before act.
For 26th April 2018. Nifty Future (May) Resistances
10599/10607/10636(1)/10658(2)/10677/10689 and Supports
10583/10571/10554/10548(1)/10520(2)/10495. 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 April future please deduct 23 points for every level.
Spiritual reading of Nifty Future for 25th April 2018 successful 100%
Disclaimer : Nothing sure in the market trade with stop loss
For 25th April 2018. Nifty Future Resistances
10631/10635/10654(1)/10672(2)/10703/10730 and Supports
10605/10599/10582(1)/10564(2)/10533/10504. Breakout pending for either sides if today?. 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 May future please add 24 points for every level.
Breakout levels :-
Bulls : sustain above 10703
Bears : Sustain below 10533
Spiritual reading of Nifty Future for 24th April 2018
Disclaimer : Nothing sure in the market trade with stop loss