NIFTY FUTURE(JAN)
EXPECTED HIGH 3:5032.00
EXPECTED HIGH 2:4953.85
EXPECTED HIGH 1:4922.00
HURDLE:4843.85
EXPECTED LOW 1:4812.00
EXPECTED LOW 2:4733.85
EXPECTED LOW 3:4702.00
INTRADAY STRATEGY
BUY AT LOWER LEVELS
TECHNICAL VIEW
TECHNICAL TREND: NEUTRAL
MAS:BUY + IS:HEAVY BUY= SUMMARY:HEAVY BUY
RSI(14) 56.753 Buy
STOCH(9,6) 69.278 Buy
STOCHRSI(14) 100.000 Overbought
MACD(12,26) -15.966 Sell
ADX(14) 27.198 Buy
Williams %R -2.785 Overbought
CCI(14) 202.7941 Overbought
ATR(14) 73.5893 Less Volatility
Highs/Lows(14) 97.4643 Buy
Ultimate Oscillator 61.093 Buy
ROC 3.280 Buy
Bull/Bear Power(13) 216.6220
NIFTY ANALYST VIEW
crossover above yesterday’s high of 4876.30
then NIFTY FUTURE will go up to 4893-4907.
On crossover above these levels and sustaining above
it will take NIFTY FUTURE to 4941-4972.
lower side 4833-4814 are immediate supports.
If NIFTY FUTURE breaks these levels too
then 4791-4778 are strong supports.
Alert: Be cautious at higher levels,
we are in bear market.
NIFTY FUTURE is at upper end of Bollinger band.
In hourly chart,
NIFTY FUTURE is at upper end of Bollinger band.
In hourly chart,
NIFTY FUTURE has gone in to over bought area.
Yesterday FIIs have bought NIFTY FUTURE worth 1054 crores.
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