Nifty Future Mantra – 3rd June’20

Key Support-Resistance level of Nifty Future

 

Vital support of Nifty Future is 9850.90, 

Below this level the index may take support at 9779. 

Closing below the 2^nd level Nifty Future may touch down side at 9542 within this week. 

Above today’s high NF may face tough hurdle at 10035.

Nifty Future Mantra – 2nd June’2020

I admit that there has been some mistake in making market predictions just this time. 

My thought was that final phase of correction is going to be start.  

Nifty Future’s possible activity

  

·        First resistance of the day is 9929.75///9934.85 

·        Above this next resistance is 10057.50 

·        Vital support of Nifty Future is 9466.85. 

·        From day’s low sharp bounce back is quite possible.

 

Nifty Future Mantra – 1st June’20

Key Support-Resistance level of Nifty Future

 

First resistance of Nifty Future is 9584 OR 9586;

 

Very tough hurdle to cross is 9631.85,

 

First support is 9334.

Nifty Future – Intraday Trading

If Nifty Future fails to cross 9495 at opening,

And start to fall, then vital support is 9210.10

If the index open above 9495,

Then NF may run to touch 9676 within couple of days.

Nifty Future – has Nifty reached at top?

Key Support-Resistance level of Nifty Future

 

Vital resistance of the day is 9345 or 9353.

 

Above this may run to 9418.85 (!)

 

Vital support of Nifty Future is 9196.

 

Closing below 9022 the index may melt-down to 8751.

 

I have been writing for several years "No outer force can change the direction of Market, it only can accelerate the motion".

I am writing from couple of weeks that possibility of a Market-Correction is very positive.

Now issue of India-China can accelerate the motion.

Nifty Future Trading

Vital support is 8930.

Till Nifty Future is able to maintain above 

8850, there is lots of opportunity to touch

9262.50 OR 9279.60.

But mentioned level may act as tough hurdle.

Once the index break 8850, then we may witness a sharp fall.

Nifty Future – Vital Hurdle 9262

Key Support-Resistance level of Nifty Future

 

Possible next support of Nifty Future is 8889.50.

 

Below recent low 8811.05 the index may fall sharply.

 

In that scenario next support may be 8637 or 8627.

 

Vital resistance is 9262.

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.

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.

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

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

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

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

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.