Showing posts with label nifty future overbought. Show all posts
Showing posts with label nifty future overbought. Show all posts

Monday, November 04, 2019

Nifty is Overbought

Nifty is overbought



Key Support-Resistance level of Nifty Future



Ø  First resistance of the day is 12006.75;

Ø  Above this next resistance are 12061.70 or 12066.25;

Ø  Tough hurdle is 12080.50.

Ø  Vital support is 11942.45;


Ø  As, BSE Sensex made today new life time high, there a possibility generate that Nifty Future may run to form new top.


Ø  At this scenario above life time high 12118, the index may run to touch 12325.80 within this expiry. 


Ø  Technically tomorrow is very vital to take or to start a down trend. As the index is very near of its life time high 12118.