Nifty Future Mantra – 23rd June’20

Key Support-Resistance level of Nifty Future

First support of the day is 10195,

If Nifty Future slips this level then wait for 10164.

Vital resistance is 10426.

Single closing above 10384.70 Nifty Future may touch 10676.

Nifty Future Mantra – 22nd June’20

Key Support-Resistance level of Nifty Future

First support of the day is 9906/9901,

If Nifty Future slips this level then wait for 9697.

Single closing above 10384.70 Nifty Future may touch 10676.

Nifty Future Mantra – 19th June’20

Above today’s high Nifty Future may run to touch 10159.50

 

First support of Nifty Future is 9868/9866.

 

Both are vital wall, braking one of them will go the same way.

Nifty Future Mantra – 18th June’20

Vital resistance of Nifty Future is 9932 OR 9973.

Tough hurdle to cross is 10012.80 (?)

First support of the day is 9527/9525

 

Crucial support of the week is 9088.95

Nifty Future Mantra – 17th June’20

Vital resistance of Nifty Future is 9930 OR 9976.

Tough hurdle to cross is 10012.80

First support of the day is 9525

Crucial support of the week is 9088.95

Nifty Future Mantra – 16th June’20

Key Support-Resistance level of Nifty Future

Vital resistance of Nifty Future is 9957 OR 9968.

If the index crosses 9982 then may touch 10023 (but possibility is very low).

First support of the day is 9505.60

Crucial support of the week is 9025.45

Nifty Future Mantra – 15th June’20

Key Support-Resistance level of Nifty Future

First support of Nifty Future is 9865,

If Nifty Future takes bounce back from this level and cross Friday’s high (9982.15), then the index may run to touch 10037.

In case Nifty Future break 9811 and take support around 9795 then it will be clear indication of continuous corrections.

Crucial support of the week is 9025.45

Nifty Future Mantra – 12th June’20

My prediction was before 2^nd round of correction Nifty Future may once touch 10707.

But the wave structure is indicating that there is something wrong.

Coming 2 days Nifty move will confirm the direction.

 

Key Support-Resistance level of Nifty Future

Vital support of Nifty Future is 9719.

Crucial support is 9565.

Vital resistance is 10040--10053

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

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

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

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.

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.

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. 

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.