Mohit Jhanji Trading in Stock Market Since 2006. Iam working as a Technical Analyst in Wealth Creator. Wealthcreator.co is a research firm. We have Been Serving The Traders Of Indian Stock Market, Commodity Market From Past Seven Years With Tailored Products To Meet The Needs Of The Individual Retail Trader, Brokers,Corporate & High Net Worth Individuals & NRI’s.

Nifty Future Weekly Observation 02nd March 2015

38 sec read

Nifty future

 
Nifty future hurdle @ 9005
Resistance 9050 9100
Supports 8925 8885

What a roller coaster ride on Saturday the Union Budget special session. It was a session of euphoria, panic & stress for many and in the mean time it was a day of joy for few.The market on event day witnessed sharp whipsaws in nifty and banknifty all day before finally making a close at 8964.65.

Most breakout day traders who trade nifty were left wounded with multiple stop loss been hit since market made new high, new low again new high again new low again new high and again new low and finally closed around the day high at end of the session. The nifty future has already broken out of the resistance (trendline) and closed above the same. The hurdle for monday’s trading session is at 9005 above which once hold gates open for 9050 & 9100. Supports are 8925 & 8885.

RSI 14 day is trading at 62.46, The volume on the breakout is strong and in favor of bulls.

Disclosure : Booked Nifty positions have no open positions as on writing this report.

Mohit Jhanji Trading in Stock Market Since 2006. Iam working as a Technical Analyst in Wealth Creator. Wealthcreator.co is a research firm. We have Been Serving The Traders Of Indian Stock Market, Commodity Market From Past Seven Years With Tailored Products To Meet The Needs Of The Individual Retail Trader, Brokers,Corporate & High Net Worth Individuals & NRI’s.

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3 Replies to “Nifty Future Weekly Observation 02nd March 2015”

    1. The above observation reports is shared as showing the

      a) current direction of the trend.
      b) recent levels of supports & resistance for market players.
      c) any technical formation.
      d) due to sebi guidelines can not share specific trades publicly.

      The above report is not meant for trading at precise levels hence u can not get timing with this method.
      For specific trades on nifty, banknifty or stock specific u can refer to the http://www.wealthcreator.co (service section)

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