Wednesday, June 10, 2020

Nifty Future Mantra – 11th June’20



Nifty Future’s possible activity

 

Vital resistance of Nifty Future is 10180.

If the index fail to cross 10183 and start to fall then we may witness another round of PANIC selling.

In that scenario below 9992, Nifty Future may take support at 9896 (possible reversal point).

Single closing above 10319 Nifty Future will run to touch 10707.45


Tuesday, June 09, 2020

Nifty Future Mantra – 10th June’20




Key Support-Resistance level of Nifty Future

 

Yesterday written “vital support is 10003 OR 9992”

Nifty Future made low 10006.

Now vital resistance is 10245.95.

Single closing above 10488/10499 Nifty Future will run to touch 10707.45


Monday, June 08, 2020

Nifty Future Mantra – 9th June’20




Key Support-Resistance level of Nifty Future

 

First support of Nifty Future is 10094.35,

Below this vital support is 10003 OR 9992.

Crucial support is 9933.

Single closing above today’s high (10319) Nifty Future may run to 10707.45


Sunday, June 07, 2020

Nifty Future Mantra – 8th June’20





There is a myth that if price increasing – OI decreasing - Volume decreasing then it is “Weak trend/Short covering Rally”

But a short covering rally never be an Impulsive wave.

 

Key Support-Resistance level of Nifty Future

 

First resistance of Nifty Future is 10242,

 Next resistance is 10346 (SGX Nifty already made high 10349).

 Vital resistance is 10454.05

 First support of the day is 10248.05.


Thursday, June 04, 2020

Nifty Future Mantra – 5th June’20





Key Support-Resistance level of Nifty Future


Vital support of Nifty Future is 9959/9957;

First resistance of the day is 10083/10086.

 Above the mentioned hurdle Nifty Future may try to touch 10121----10184.


Wednesday, June 03, 2020

Nifty Future Mantra – 4th June’20



I was waiting for a good inner top. Overall trend is up, but before this we may witness some small healthy correction.

Healthy, because we may get the chance to buy or enter at a profitable level.

Open Interest – Premium relation showing “Sell on Rise” condition.

Key Support-Resistance level of Nifty Future

 

First resistance of Nifty Future is 10104; 

After crossing the mentioned level the index may touch 10156.90. 

Above 10193.15 (today’s high) tough hurdle is 10316 or 10318.05 

First support of the day is 9999/9997. 

Vital support of the week is 9874,

If the index breaks the mentioned support then from 9664 Nifty Future may take bounce back.

 

*** If Nifty Future touch 10316-10318 then mentioned support level will be valueless. 


Tuesday, June 02, 2020

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 2nd level Nifty Future may touch down side at 9542 within this week. 

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


Monday, June 01, 2020

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.

 


Sunday, May 31, 2020

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.


Thursday, May 28, 2020

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.




Wednesday, May 27, 2020

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.


Tuesday, May 26, 2020

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.


Monday, May 25, 2020

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.


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.