Nifty Futures Trading

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Sunil

Sunil

Well-Known Member
#19,422
#19,422


All SPOT Levels:

Acknowledging a potential RSR at around 2745, with support at yesterday's low & Wednesday's close at 2733-35.

Initial upmove above 2773-77 zone in order to retest 2790.
2808-10 remains key resistance for today, with 2820-25 as 50% retracement & 20DMA zone area



Looking at classical pivot levels for today, I fell that Nifty trading since last two days was done by a mathe-magician:

R3 = 2850
R2 = 2820
R1 = 2790

Pivot = 2760

S1 = 2735
S2 = 2705
S3 = 2680

Again, not a coincidence, that these levels coincide with actual chart levels...
;)
 
Sunil

Sunil

Well-Known Member
#19,423
#19,423
If this upmove from 2680 to 2790 has to sustain, then (taking help from invisible FIBO levels), it should not break 50% initially & easily ie Spot 2735 - highlighted in above post.

So, Renu, Arnav, Kamlesh - your gap is the bull's back for today....
 
Sunil

Sunil

Well-Known Member
#19,424
#19,424
Feel like playing the "Guess the Settlement" game with trend pretty even-stevens, and just to lighten up the Expiry Day...

Please cast your vote by clicking the "Thanks" button in anyone of the next posts by "need_ur_opinion"....

Voting lines will be closed at 1:30pm.
So, till 1:30pm, you can cast & change your vote...

To avoid confusion like last time, please note that you need to guess the SETTLEMENT price (after adjustments) and not the closing price of SPOT NIFTY.
 
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