As of now technical parameters are in favour of weakness compared to previous week. Follow levels given below and compare with my daily/settlement levels
Above was my previous weekly technical view regarding Nifty Future. It opened gap up above bulls pivot 14455 @ 14475 did high 14497.75, on down side 14455 became support. To support negative parameters and sustain below 14455 > down to 14380 > 14305 > 14168 > 14063 weekly breakdown to 13666.60 while settlement support was 13663 ( rewarded 788 points ). Finally closed in weekly breakdown and above settlement support 13663 @ 13709.10. 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 February 2021
It closed day/week/settlement wise negative with lower than 13 days average open interest and higher than 13 days average volume @ 13709.10.
Negative Factors : 11
Positive Factors : 6
Conclusion:-
As of now technical parameters are in favour of weakness compared to previous week. Follow levels given below and compare with my daily/ settlement levels.
Weekly Pivots :-
Bulls : Sustain above 13882
Bears : Sustain below 13536
Resistances : 14137/14444
Supports : 13281/12974
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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