NIFTY FUTURE(JAN)
EXPECTED HIGH 3:4982.51
EXPECTED HIGH 2:4939.70
EXPECTED HIGH 1:4920.00
HURDLE:4877.10
EXPECTED LOW 1:4857.50
EXPECTED LOW 2:4814.60
EXPECTED LOW 3:4795.00
INTRADAY STRATEGY
BUY AT LOWER LEVELS
TECHNICAL VIEW
TECHNICAL TREND: UP
MAS:BUY + IS:HEAVY BUY= SUMMARY:HEAVY BUY
RSI(14) 58.246 Buy
STOCH(9,6) 86.725 Overbought
STOCHRSI(14) 100.000 Overbought
MACD(12,26) 17.987 Buy
ADX(14) 19.433 Neutral
Williams %R -6.584 Overbought
CCI(14) 112.5843 Buy
ATR(14) 78.3036 Less Volatility
Highs/Lows(14) 79.8036 Buy
Ultimate Oscillator 67.399 Buy
ROC 3.779 Buy
Bull/Bear Power(13) 147.0480 Buy
NIFTY ANALYST VIEW
on crossover above yesterday’s high NF will go up to 4907, crossover above it will take NF to 4918. If NF manages to cross 4918 then also we will see huge supply around 4941-4972.
4880 is the first support for the day.
On break below it will take NF to 4845-4835.
Today if NF is breaking this support zone then story is over for bulls.
Alert
We are in bear market. NF has spent already five days at upper end of Bollinger band. (–ve) divergence persist in hourly chart. Today is 13th day from the low of 4592.40 so today’s high or tomorrow’s high will be crucial for the market.
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