As of now technical parameters are in favour of positive compared to previous week. Smell of either or both sides weekly range breakout. Follow levels given below and compare with my daily levels
Above was my previous weekly technical view regarding Nifty Future. It opened gap up @ 12935.95 did low 12825 which was bear’s pivot by sustain. Holding the support went upside 12871 > 12917 > 12991 > 13065 expected breakout to 13137.75 ( rewarded 313 points). Mentioned Smell of either or both sides weekly range breakout, upper side done successfully if lower side? Down side support 13065 > 12991 > 12917 > 12871 > 12835.75 ( 229 points). Nearest support was again 12825, Holding the same bounced back to 13094 (258 points). Finally closed @ 13017.40. 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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Nifty Future Weekly View Commencing 1st December 2020
It closed day/week/settlement wise positive with higher than 13 days average open interest and volume @ 13017.40.
Positive Factors : 13
Negative Factors : 4
Conclusion:-
As of now technical parameters are in almost neutral compared to previous week. Follow levels given below and compare with my daily levels.
Weekly Pivots :-
Bulls : Sustain above 13085
Bears : Sustain below 12949
Resistances : 13187/13307
Supports : 12847/12727
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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