As of now technical parameters are in favour of positive with imbalanced of one tick and imbalanced of one tick remain in concern. Follow levels given below and compare with my daily levels. We can’t control the market volatility. We should control what have in our hands for safe trading
Above was my previous weekly technical view regarding Nifty future. It opened positive @ 15340 down to 15238 > 15202.30, failed to sustain below weekly bear’s pivot 15238 even 5 minutes. Imbalanced of one tick balanced there. *How we traded on the day ? To support positive parameters bounced back and sustain above 15238 went to 15400 > 15661 > 15748 ( rewarded 510 points from 15238 ). Finally closed above weekly bull’s pivot 15661 @ 15712.30. Weekly view successful without missing single word , if judge wisely followed by levels. Daily levels works as usual and get highly rewarded.
Trade SGX Nifty with Avatrade including forex, cryptos, stocks, commodities, bonds, ETFs, indices and more.
Service details for subscription of daily spiritual reading and sign up online please click here
Nifty Future Weekly View Commencing 20th June 2022
Positive Factors : 8 (+1)
Negative Factors : 10 (-2)
It closed day/week wise positive with lower than than 13 day’s average open interest and volume @ 15712.30.
Conclusion :-
As of now technical parameters are in favour of positive with imbalanced of one tick. Follow levels given below and compare with my daily levels. We can’t control the market volatility. We should control what have in our hands for safe trading.
Weekly Pivots :-
Phase (1) :-
Bulls : Sustain above 15739
Bears : Sustain below 15685
Resistances : 15825/16016
Supports : 15599/15408
Phase (2) :-
Bulls : Sustain above 15825
Bears : Sustain below 15599
Resistances : 16016/16190
Supports : 15408/15234
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.