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- wealthcreator

25 sec read

niftyfuture

Nifty Future Hurdle 8895
Resistance 8915 8975
Support 8835 8780

 
Nifty future closed the week on a very weak note. After the one way rally from past couple weeks of January series nifty future was looking tired and consolidating around 8800 to 9000 range. last whole week the market tried to hold above 8800 levels and tested 9000+ intraday highs on friday before sliding up towards 8900 and lower.

The last bar on nifty future is the outside bearish reversal bar formation. Hence from here new upside looks less likely to happen.

Hurdle for the week is at 8915 if this level is sustained bulls may try once again to run for 8950/9000.

On downside the supports are at 8835 and 8780. however stock specific action shall continue.

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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