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.
Related Readings and Observations
Nifty Future Weekly Observation The nifty future broke out of the linear regression channel and closed above the same. The short term moving average has also given the crossover over the medium term moving average. Daily […]- Nifty Weekly Observation as on 19th Jan 2015 Positive surprise from RBI was welcomed by market players and nifty future opened huge gap up in past week on Thursday trading session.From chart above one can clearly see the nifty future […]
- Wealthcreator : Nifty Futures Novemeber Expiry Overview Nifty Future November Series closed on strong notes on Friday’s trading session. After opening at 8420.50 it made lows of 8412 Nifty Future moved sharply up side on higher volume to make […]
- Nifty Future Observation 18 May 2015 What a volatility, Nifty is making 100 points up and 100 points down move just like that. Nifty closed the session on friday at 8261.20 after making the intraday high of 8296. week ahead […]
- Nifty Weekly Observation 11th May 2015 Nifty future closed the week at 8210.55 after making the intraday high of 8247.Volatility continues to be high in the past week after bears fully controlled the whole april series. The […]
- Nifty Weekly Observation – 26 April 2015 Nifty future made the low of 8280.90 and closed the week at 8318.80, The short-term and medium term trends are down and nifty is just moving around its 200 day moving average. From the […]
very good analysis Helpful