As of now technical parameters are in favour of negative compared to previous week. Follow levels given below and compare with my daily levels
Above was my previous weekly technical view regarding Nifty Future. It opened gap up @ 9122.65 above bulls pivot 9128 did 9162.55. To support negative parameters down to 9128 > below previous week close 9027.80 > 8976.30. Nearest support was bear’s pivot 8928. Holding the weekly support 8928 bounced back to 9034 > 9128 > 9224 > 9450 > pending weekly breakout to 9509. Finally closed in weekly breakout @ 9494.10. Weekly view successful if judge wisely followed by levels. Daily levels works as usual and get highly rewarded.
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Nifty Future Weekly View Commencing 1st June 2020
It closed day/week wise positive with higher than 13 days average open interest and just below the 13 day’s average volume @ 9494.10.
Positive Factors : 9
Negative Factors : 9
Conclusion:-
Despite positive parameters recovered 2 ticks, negative parameters not decrease proportionately and still stood at 9 since 2 weeks. Imbalance of 2 ticks may cause volatility. Cautious stance on trading. Follow levels given below and compare with my daily levels.
Weekly Pivots :-
Bulls : Sustain above 9601
Bears : Sustain below 9387
Resistances : 9745/9947
Supports : 9243/9041
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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