NIFTY FUTURE(JAN)
EXPECTED HIGH 3:5296.10
EXPECTED HIGH 2:5251.65
EXPECTED HIGH 1:5149.35
HURDLE:5104.90
EXPECTED LOW 1:5002.60
EXPECTED LOW 2:4958.10
EXPECTED LOW 3:4855.80
INTRADAY STRATEGY
BUY AT LOWER LEVELS
TECHNICAL VIEW
TECHNICAL TREND: UP
MAS:HEAVY BUY + IS:HEAVY BUY= SUMMARY:HEAVY BUY
RSI(14) 68.723 Buy
STOCH(9,6) 62.037 Buy
STOCHRSI(14) 100.000 Overbought
MACD(12,26) 70.576 Buy
ADX(14) 44.011 Buy
Williams %R -22.854 Buy
CCI(14) 139.6556 Buy
ATR(14) 79.6786 Less Volatility
Highs/Lows(14) 143.8929 Buy
Ultimate Oscillator 60.502 Buy
ROC 7.120 Buy
Bull/Bear Power(13) 288.8280 Buy
NIFTY ANALYST VIEW
On lower side,
5034 has become a strong support now.
Break below it with huge volume will take
Nifty Future to 4982.
5006 can provide minor support.
Once breaks 4982 with huge huge volumes and
remains below that for 10-15 mins then we can see bloodbath.
If Nifty Future is not breaking 4982 in next two days
then next Monday’s high will be crucial for the market.
Alert
We are in bear market,
now be cautious at higher level.
Nifty Future has spent already ten days at upper end of Bollinger band.
(–ve) divergence persist in hourly chart.
Yesterday was lowest volume after 18th Jul’ 11.
RBI policy will be announced today so there can be huge volatility in the market.
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