As of now technical parameters are in favour of weakness 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 almost flat @ 14982 did 15002.85 failed to crossed 15111 holding the resistance down > 14987 > 14863 > 14724 > 14639.75 ( rewarded 363 points ). Nearest support 14461 holding the support bounced back > 14724 > 14863 > 14987 > 15111 > 15250 > 15513 > 15524 ( rewarded 800 points ). Weekly end resistance was tolerance band 0.146% of 15513 went to 15535.65. To support negative parameters and holding the resistance 15535.65 down to 15513 > 15111 > 14987 > 14863 > 14724 > 14521.65 ( rewarded huge profits of 991 points ). Finally closed @ 14578.45. 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 March 2021
It closed day/week wise negative with much higher than 13 days average open interest and volume @ 14578.45.
Negative Factors : 8
Positive Factors : 9
Conclusion:-
As of now technical parameters are almost neutral. Smell of either or both sides weekly range breakout or tend to breakout. Trade safely.
Weekly Pivots :-
Bulls : Sustain above 14724
Bears : Sustain below 14432
Resistances : 15157/15198
Supports : 13999/13958
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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