As of now technical parameters are in favour of negative compared to previous week, with imbalanced of one tick. Weekly status neutral as 9:9. Smell of either or both sides weekly range breakout or tend to 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 above bull’s pivot 18212 @ 18220 did high 18234.35, failed to crossed and sustain above the tolerance band 0.146% of 18212 down 18212 > 18144 > 18078 > 17986.50 ( which was within tolerance band 0.146% of settlement support 17973 ). Holding the support way upwards to 18350, imbalance of one tick completed there. Another confirmation double top 18350 on Tuesday and Wednesday. To support negative parameters way downwards > followed by daily levels > 18212 > 18144 > weekly bear’s pivot 18078 > 17892 > 17862 expected weekly breakdown to 16659.25 ( rewarded 691 points ) . Huge huge and huge profits followed by levels. Finally closed @ 17715.30. 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 November 2021
It closed day/week wise negative with lower than 13 day’s average open interest and higher than 13 days average volume @ 17715.30.
Positive Factors : 7 (-2)
Negative Factors : 11 (+2)
Conclusion:-
As of now technical parameters are in favour of negative compared to previous week. Perfectly balanced. Follow levels given below and compare with my daily levels.
Weekly Pivots :-
Bulls : Sustain above 17829
Bears : Sustain below 17601
Resistances : 18058/18198
Supports : 17372/17232
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.