As of now technical parameters are in favour of weakness compared to previous week. Negative parameters didn’t fall with equal ratio of positive parameters. Indicates smell of either or both sides weekly range breakout. Volatility remain in concern. Trade safely. Follow levels given below and compare with my daily levels
Above was my previous weekly technical view regarding Nifty future. It opened negative below bears pivot 11437 @ 11419.90, high 11419.90 down to 11378 > 11337.70. But failed to break end weekly breakdown point 11324. There was possibilities of either or both sides breakout as mentioned negative parameters didn’t fall down proportionally. On upside previous support 11378 became resistance, whereas nearest support was 11324. Bounce back took place sustain above 11378 towards > 11437 > 11507 > 11566 > 11620 and expected weekly breakout to 11718.50 (rewarded 340 points from 11378). Weekly view successful without missing single word. Daily levels works as usual and get rewarded.
Probable weekly movements of Nifty Future commencing 25th March 2019
Nifty Future Weekly View Commencing 1st April 2019
It closed day/week/settlement wise positive with lower than 13 day average open interest and volume @ 11679.90.
Positive Factors : 13
Negative Factors : 4
Conclusion:-
As of now technical parameters are in favour of positive. 2 day’s high and low important to watch. Follow levels given below and compare with my daily levels.
Weekly Pivots:
Bulls : Sustain above 11786
Bears : Sustain below 11574
Resistances : 11906/12131
Supports : 11454/11229
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.
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