FOR NIFTY LEVEL & NIFTY FUTURE STOCK FUTURE & OPTION CALLS WHATAPP ME ON 09039542248
WEEKLY
RESISTANCE FOR NIFTY: 9685, 9734, 9776, 9800
PIVOT
POINT: 9636
WEEKLY
SUPPORT FOR NIFTY : 9603,9570,9521,9472
WEEKLY CHAT FOR NIFTY
DAILY
RESISTANCE FOR NIFTY: 9676, 9685, 9694,9702
PIVOT
POINT: 9664
DAILY
SUPPORT FOR NIFTY : 9656,9647, 9637,9626
DAILY CHART FOR NIFTY
Sensex opened
the week at 31078, made a high of 31440, low of 31078 and
closed the week at 31360. Thus the Sensex closed the week with loss of 141 points.At
the same time the Nifty opened the week at 9547, made a high of 9702
low of 9538 and closed the week at 9668. Thus the Nifty closed the
week with loss of 75 points.
Strategy: GO LONG until nifty holds 9580
The
current Rally (more than 1800 Nifty points) .the current Rally too has seen
Corrections. But interestingly, all Corrections have been short lived in terms
of price as well as time. Just when it looked as the current Correction would
be more meaningful and slightly deeper, it once again proved to be short and
swift. The indices took support at the 50dma and bounced back and are now
within small distance of lifetime highs again.a strong fall below the immediate
support level of 9,450 can reinforce the downtrend and pull the contract down
to 9,430,9430 levels. Next key supports are placed at 9,410 and 9,380 levels.
On the daily charts, both Sensex and Nifty have formed a Doji which
indicates indecision. On the weekly charts, both the indices opened with a
upward gap and formed a real white body candle. Thus more than daily, weekly
candlestick pattern indicates a bullish bias in the near term.