Indraprastha Gas (IGL)

Life-time High: 1624 (30.10.2017)

Split: Old FV 10: New FV 2 (09.11.2017)

52 Week High: 534.20 (07.02.2020)

52 Week Low: 284.05 (19.03.2020)

 

Recently the stock made high 485.

If close above 491 then the stock may run to 578.90 and 651.90.

Time Frame: Around 12.06.2020, Friday

Nifty Future – Another round of PANIC soon

Key Support-Resistance level of Nifty Future

 

 

§  First resistance of the day is 9396.95 or 9401.95.

 

§  If Nifty Future able to cross the mentioned level then may go maximum to 9459;

 

§  First support of Nifty Future is 9213.

 

§  Closing below 9125 Nifty Future will touch 8691.15 within the week.

Nifty Future – over-bought

Key Support-Resistance level of Nifty Future

 

§  Vital resistance of the day is 9459; 

§  Below 9011---8973 crucial support is 8691.

Nifty Future – Nature of Motion - like “7”

Key Support-Resistance level of Nifty Future

 

 

§  First resistance of the day is 9459;

 

§  Crucial support is 8973.

Nifty – Sharp Range-bound Move

Key Support-Resistance level of Nifty Future

§  Vital support of the day is 9155;

§  First resistance of the day is 9330.

§  Crucial support is 9064;

§  If Nifty Future take support at last mentioned level, then may take a bounce back of 550+ points.

Nifty – Dead Cat Bounce is Possible?

Key Support-Resistance level of Nifty Future

§  First support of the Nifty Future is 9203.95;

§  First resistance is 9283, above 9371.75 Nifty Future may touch 9498.50.

§  Any kind of intraday bounce back is good opportunity to go short.

Nifty – Need Confirmation of Correction

Key Support-Resistance level of Nifty Future of this week

§  First support of the week is 9277 OR 9267.95.

§  Below the mentioned levels vital support is 9236.

§  If Nifty Future takes support at any mentioned level, then a bounce back of 400 to 410 points may pull the index to up.

Nifty near Finishing Point

Key Support-Resistance level of Nifty Future

§  First resistance of Nifty Future is 9721.75;

§  If the index close above 9776.25 then it may run to 9904.25/9958.75 (!!!)

Nifty Future – Overbought?

Key Support-Resistance level of Nifty Future

·        Vital resistance of the day is 9453.60.

·        And vital support of Nifty Future is 8976.60/8975.75

Nifty – roller coaster move

Key Support-Resistance level of Nifty Future

·        Below 9200.25 crucial support is 9186.75---9182.75.

·        First resistance zone of Nifty Future is 9382.75---9384.75.

·        From 2^nd resistance of the day,small correction of 280 points (around) is possible.

Nifty Trading View

Key Support-Resistance level of Nifty Future

·        First resistance of the day is 9440;

·        Above 9477.75 Nifty Future may try to touch 9519.

·        First support zone of Nifty Future is 9102.05---9091.10.

·        Crucial support of the day 8865.

Nifty Future up-move

Key Support-Resistance level of Nifty Future

·        First resistance of the day is 9451.65;

·        Above the first vita hurdle is 9483.70.

·        Above 9514.75 vital resistances is 9561/9598.

Nifty Intraday Trade

Key Support-Resistance level of Nifty Future

·        Vital resistance of the day is 9244.15.

·        Above 9278.85 don’t remain short positions.

·        Above recent high vital resistance is 9561/9598.

·        First support of Nifty Future is 8960.90.

·        Below 8823.65 Nifty Future may take support at 8719.50---8675---8630.

·        Crucial support of the week is 8340.65.

Nifty Intraday Correction

Key Support-Resistance level of Nifty Future

·        Vital resistance of the day is 9052/9055.

·        Below today’s low Nifty Future will take next support at 8637/8630.

·        Crucial support of the week is 8340.65.

Nifty near Impervious Wall

Market Outlook

From couple of days I am writing that Nifty Future is going to touch a tough hurdle. There after another round of correction may be start.

Key Support-Resistance level of Nifty Future

·        First resistance of Nifty Future is 9448

·        Nifty Future may run maximum 9561.15 or 9598.

·        Vital support is 8981.65

Nifty Near of Peak

Market Outlook

From couple of days I am writing that Nifty Future is going to touch a tough hurdle. There after another round of correction may be start.

Key Support-Resistance level of Nifty Future

·        First resistance of Nifty Future is 9432.25;

·        Single closing above 9518.35 Nifty Future will touch 9852.95.

·        Vital support is 9178.25.

Nifty Future Tomorrow

Key Support-Resistance level of Nifty Future

·        First resistance of the day is 9174.15 or 9181.15 (9180.25) or 9185.15

·        Above 9254.95 Nifty Future may jump to 9434.70.///9477.

·        Vital support is 9038;

Nifty Intraday Tips

Above today’s high first resistance is 9395;

Tough hurdle is 9431.35

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Below 8799.35 crucial supports is 8652.

Nifty Intraday Trading

This zig-zag up move may continue for some time, but wave structure showing that another round of panic may push the market more deep then expectation.

Therefore don’t be trapped at higher levels.

First resistance of the day is 9235.25;

Above this next resistance is 9319.50 or 9326.80.

         **************************************************************************

From any of the resistance an intraday correction of 548/550 points is quite possible.

Nifty Future – Near its’ Top

Nifty Future’s possible activity

·        First resistance of the day is 9226.50//9230.

·        Closing above 9321.25 Nifty Future maximum run till 9518//9521.50.

Nifty up Move may Cont.

Nifty Future’s possible activity

·        Below 8670 vital support is 8582.

·        Above 9391/9396 Nifty Future may run to touch 9727/9736.

Nifty – 8995.95 or 9082.50 may be the Game Changer

Nifty Future’s possible activity

·        Above 8908.50 vital resistance is 8995.95 or 9082.50;

·        Above the mentioned level next resistance is 9414.05.

·        First support zone is 8667.05---8665.50

·        Crucial support is 8520.95/8519.65

Nifty – Dead Cat Bounce

Nifty Future’s possible activity

·        First resistance of the day is 8418/8422.

·        Vital resistance is 8470//8466

·        Tough hurdle is 8493---8497

·        Vital support is 8270.50, below this 8189.50;

·        From day’s high sharp correction is quite possible.

Nifty Heading Down

Nifty Future’s possible activity

·        First resistance of the day is 8322.90;.

·        Vital resistance is 8459;

·        Vital support is 8023.05 or 8020.

·        Closing below 7919 Nifty Future may take support at 7744.

Nifty Future Trade

Nifty Future’s possible activity

§  Vital support of Nifty Future is 8567.50;

§  First resistance of the day is 8868.60.

Is Nifty Future going to Bounce-back from 8038?

Nifty Future’s possible activity

o   First  support of Nifty Future is 8118.25;

o   Crucial  support is 8038.55 OR 8035.30.

o   First resistance of the day is 8311.40.

Nifty Future vital Trade

Nifty Future’s possible activity

o   First resistance of the day is 8908.95;

o   Above this the index may face tough huddle at 8963.

o   Vital support of the day is 8042.50 or 8035.30.

o   Next resistance above recent high is 9635.95.

Recover Your Losses

Nifty Future’s possible activity

·        First support of Nifty Future is 8383.

·        Vital resistance is 8780.40.

·        Above 8817.50 vital resistance is 9165.60;

Nifty Loss Recovery Trade

Nifty Future’s possible activity

·        First resistance of Nifty Future is 8451 OR 8488.

·        Vital resistance is 8526 to 8531.++++

·        From first half’s high Nifty Future may take an intraday correction of 290 to 365 points.