NIFTY FUTURE(JAN)
EXPECTED HIGH 3:5160.90
EXPECTED HIGH 2:5118.70
EXPECTED HIGH 1:5090.70
HURDLE:5046.00
EXPECTED LOW 1:5020.35
EXPECTED LOW 2:4978.15
EXPECTED LOW 3:4950.10
INTRADAY STRATEGY
BUY AT LOWER LEVELS
TECHNICAL VIEW
TECHNICAL TREND: UP
MAS:HEAVY BUY + IS:HEAVY BUY= SUMMARY:HEAVY BUY
STOCH(9,6) 57.018 Buy
STOCHRSI(14) 100.000 Overbought
MACD(12,26) 63.141 Buy
ADX(14) 38.729 Buy
Williams %R -24.494 Buy
CCI(14) 190.7744 Buy
ATR(14) 82.1071 Less Volatility
Highs/Lows(14) 157.2857 Buy
Ultimate Oscillator 60.008 Buy
ROC 6.454 Buy
Bull/Bear Power(13) 427.8160 Buy
RSI(14) 68.244 Buy
STOCH(9,6) 57.018 Buy
STOCHRSI(14) 100.000 Overbought
MACD(12,26) 63.141 Buy
ADX(14) 38.729 Buy
Williams %R -24.494 Buy
CCI(14) 190.7744 Buy
ATR(14) 82.1071 Less Volatility
Highs/Lows(14) 157.2857 Buy
Ultimate Oscillator 60.008 Buy
ROC 6.454 Buy
Bull/Bear Power(13) 427.8160 Buy
NIFTY ANALYST VIEW
5073 will provide first resistance.
On crossover above 5073 will take Nifty Future to a huge resistance zone of 5110-5124-5135-5147-5174-5187
On lower side,
below 5035 Nifty Future will go up to 5015-5006.
Break below these levels will take Nifty Future to 4961-4950.
Alert
We are in bear market,
now be cautious at higher level.
Nifty Future has spent already nine days at
upper end of Bollinger band.
(–ve) divergence persist in hourly chart.
In bear market,
bulls can not defeat bears so easily unless and until bears set a trap for bulls by showing that they are defeated.
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