AS of now parameters are in favour of almost neutral compared to previous week but slightly in positive bias. Smell of either or both sides weekly range breakout or tend to breakout. Follow levels given below and compare with my daily levels
Above was my previous weekly technical view regarding Nifty Future. It opened negative below bear pivot 11737 @ 11716.30 did high 11749.90 down to 11689 > 11627 breakdown > 11573.50 (164 points). Mentioned there was possibilities of either or both sides breakout. Lower side breakout done successfully, if try for upside? On upside, end weekly support 11627 became resistance sustain above went to 11689 > 11727 > 11771 > 11805 > 11828 > 11853 > 11876.95 (250 points). Finally closed above bulls pivot 11805 @ 11813.50. Weekly view successful without missing single word if judge wisely. Daily levels works as usual and get rewarded.
Probable weekly movements of Nifty Future commencing 22nd April 2019
Nifty Future Weekly View Commencing 30th April 2019
It closed day/week wise positive with higher than 13 day average open interest and lower than 13 day average volume @ 11713.50.
Positive Factors : 14
Negative Factors : 2
Conclusion:-
As of now parameters are in favour of positive compared to previous week. Volatility remain in concern. Smell of either or both sides breakout again. Follow levels given below and compare with my daily levels.
Weekly Pivots:
Bulls : Sustain above 11859
Bears : Sustain below 11769
Resistances : 11961/12005
Supports : 11667/11623
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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