As of now technical parameters are in favour of minor positive. Despite positive rally of around 400 points, positive parameters rose only one tick. And its cautious approach to higher. Follow levels given below and compare with my daily levels
Above was my previous weekly technical view regarding Nifty Future. It opened negative @ 11647.55 went to 11715 (minor positive). Cautious approach to higher workout excellent. Every rise sold out in between 11675 to 11715 down to 11670 > 11568 > 11502.60. Failed to sustain below daily breakdown level, nor break it’s tolerance band 0.146%, Holding the level bounced back to 11568 > 11640 > 11675 and sold out again, finally closed @ 11625. Weekly view successful without missing single word if judge wisely followed by levels. Daily levels works as usual and get highly rewarded.
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Probable weekly movements of Nifty Future commencing 22nd October 2019 successful 100%
Nifty Future Weekly View Commencing 29th October 2019
It closed day wise positive and week wise negative @ 11625.
Positive Factors : 10
Negative Factors : 7
Conclusion:-
As of now technical parameters are in favour of negative compared to previous week. Weekly status neutral as closed in between 2 pivots. Smell of either or both sides range breakout or tend to breakout which may cause volatility. Follow levels given below and compare with my daily levels.
Weekly Pivots:
Bulls : Sustain above 11664
Bears : Sustain below 11586
Resistances : 11731/11792
Supports : 11519/11458
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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