Thursday, May 21, 2020

Nifty Future - May change direction ?


Vital support of NF is 9001.85.
If the index start to trade below 8923 then route of 8562.65 will be smooth.

Vital resistance of Nifty Fufure is 9192/9197.

Tuesday, May 19, 2020

Nifty Future – Coming resistance 9197




Key Support-Resistance level of Nifty Future

 

Possible resistance of Nifty Future is 9192//9197.

 

Before this inner resistances are 8990 and 9078///9084.

 

And inner supports are 8926/8924 and 8958.


If fails to cross 1st resistance (mentioned) and break 8811 (recent low) then the index may start to fall to touch 8562.


Nifty Future – Strong support 8562.65



Key Support-Resistance level of Nifty Future

 

First resistance of Nifty Future is 9011.

 

Above this vital resistance is 9104.

 

Below yesterday’s low Nifty Future may take strong support at 8562.65.


Sunday, May 17, 2020

Nifty Future – Possible Reversal is very close




Key Support-Resistance level of Nifty Future

 

If Nifty Future able to open above Friday’s high 9180:

 

Then first resistance of Nifty Future is 9210 or 9218.

 

Above this vital resistance is 9253.

 

If NF fails to open above 9180 and start to melt down then:

 

First support is 8977.25;

 

Below 8903.50 turning points may be 8829.75


Thursday, May 14, 2020

Nifty Future – Near short term bottom.




Key Support-Resistance level of Nifty Future

 

First support of Nifty Future is 9092.25/9089.50.

 

Below 8963/8959 the index may take next support at 8891/8884.

 

Crucial support is 8839.95

 

If cross 9557 (recent high) without breaking 9125 then may face tough hurdle at 9619/9647


Wednesday, May 13, 2020

Nifty Future – Reverse from Day’s Low




Key Support-Resistance level of Nifty Future

 

 

§  Above 9680 vital resistance of Nifty Future is 9906 to 9915.

 

§  Vital support zone of the day is 9238 or 9233.50


Tuesday, May 12, 2020

Nifty Future – Gap-Up opening?



Key Support-Resistance level of Nifty Future

 

 

§  Vital resistance 9906 to 9915.

 

§  From days high a sharp correction is quite possible.

 

§  Within next two days correction of 578 points is possible.


Nifty Future – Flat or Gap-down opening?





Key Support-Resistance level of Nifty Future

 

 §  First support of Nifty Future is 8951.

§  From first support the index may rally 80+ points.

 

§  Below the first support next vital level where Nifty Future may holt for a while is 8796///8788.70


Monday, May 11, 2020

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


Sunday, May 10, 2020

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.


Thursday, May 07, 2020

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.



Wednesday, May 06, 2020

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

Bulls Bears 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.

Monday, May 04, 2020

Nifty – Dead Cat Bounce is Possible?

Dead Cat Bounce



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.

Sunday, May 03, 2020

Nifty – Need Confirmation of Correction


 Waiting_for_confirmation.jpeg


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.

Wednesday, April 29, 2020

Nifty near Finishing Point

Finish 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 (!!!)

Tuesday, April 28, 2020

Nifty Future – Overbought?

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

Monday, April 27, 2020

Nifty – roller coaster move

Nifty Zig-Zag 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 2nd resistance of the day,small correction of 280 points (around) is possible.



Sunday, April 26, 2020

Nifty Trading View

Before Jump




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.

Thursday, April 23, 2020

Nifty Future up-move

Nifty Intraday Rally



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.