Intraday 31-5-2018

Nifty Future (Bias - Negative) 



Weak Below / Strong Above 10650. 



Banknifty Future  (Bias - Negative)



Weak Below / Strong Above 26327.  

Update on Indexes - Spot levels

10600 and 26000 are an important support for Nifty and Banknifty respectively. Holding the same some good up-move likely.

Intraday 30-5-2018

Nifty Future (Bias - Negative) 


Weak Below / Strong Above 10541.  



Banknifty Future  (Bias - Negative)


Weak Below / Strong Above 25977.  

Intraday 29-5-2018

Nifty Future (Bias - Positive) 


Weak Below / Strong Above 10678. 



Banknifty Future  (Bias - Positive)



Weak Below / Strong Above 26520.  

Intraday 28-5-2018

Nifty Future (Bias - Positivetive)


Weak Below / Strong Above 10642. 



Banknifty Future  (Bias - Positive)



Weak Below / Strong Above 26293. 

Intraday 25-5-2018

Nifty Future (Bias - Negative) 



Weak Below / Strong Above 10535. 



Banknifty Future  (Bias - Negative)



Weak Below / Strong Above 25944. 

Intraday 24-5-2018

Nifty Future (Bias - Negative) 


Weak Below / Strong Above 10475. 



Banknifty Future  (Bias - Negative)



Weak Below / Strong Above 25697. 

Intraday 23-5-2018

Nifty Future (Bias - Negative) 


Weak Below / Strong Above 10534.  


Banknifty Future  (Bias - Negative)


Weak Below / Strong Above 25761.  

Update on the Indexes - Nifty and Banknifty Spot

Although Max downside for Nifty and Banknifty Spot can be 10275 and 24967 respectively and Minimum has already been done, we can expect 
Nifty to get support in the  10423-10472 range (if stays below 10521) and
Banknifty to get support in the 24423-25572 range (if stays below 25720)

This is the situation at the moment. We need a bias change to get the confirmation of trend reversal!

Intraday 22-5-2018

Nifty Future (Bias - Negative) 


Weak Below / Strong Above 10524.  



Banknifty Future  (Bias - Negative)



Weak Below / Strong Above 25761. 

Update on Indexes

The indexes are now oversold so some bounce likely.  10726 and 26169 plus close and holding will bring in a good pullback. At present sell on rallies till we get a change of bias.

Intraday 21-5-2018

Nifty Future (Bias - Negative)


Weak Below / Strong Above 10609. 



Banknifty Future  (Bias - Negative)



Weak Below / Strong Above 25921. 

Update on Indexes

Banknifty Spot Support looks lower at trendline may be 25300-25400 expected and we can see what to do at trendline support! Nifty accordingly may fall more.

10490-10600 range is a very strong Gann Support as well for Nifty Spot.
25350-25700 range is a very strong Gann Support as well for Banknifty Spot.


Nifty / Banknifty May reverse from here as well if they hold 10600 / 25790 respectively.

Update on Key Indexes - Nifty and Banknifty

As of now doesn't seem to have hit the bottom. Probably a Diamond diametric or extracting triangle being formed. 10600 around is a potential support and trend reversal zone. As of now sell the rallies unless we get a change of bias.

Intraday 18-5-2018

Nifty Future (Bias - Negative) 


Weak Below / Strong Above 10665.  


Banknifty Future  (Bias - Negative)



Weak Below / Strong Above 25981. 

Intraday 17-5-2018

Nifty Future (Bias - Negative) 


Weak Below / Strong Above 10773.  


Banknifty Future  (Bias - Negative)


Weak Below / Strong Above 26217. 

Intraday 16-5-2018

Nifty Future (Bias - Positive) 

Weak Below / Strong Above 10784. 


Banknifty Future  (Bias - Positive)


Weak Below / Strong Above 26450. 

Update on Nifty Spot

10790 plus is going to be a bullish close for Nifty Spot.

Intraday 11-5-2018

Nifty Future (Bias - Positive) 


Weak Below / Strong Above 10767.  


Banknifty Future  (Bias - Positive)


Weak Below / Strong Above 25182.  

Intraday 10-5-2018

Nifty Future (Bias - Positive) 


Weak Below / Strong Above 10766. 


Banknifty Future  (Bias - Positive)


Weak Below / Strong Above 26119.  

Update on Banknifty

26000 strong Gann resistance for Banknifty and it is overbought.  Caution.

Intraday 8-5-2018

Nifty Future (Bias - Positive)


Weak Below / Strong Above 10765.  


Banknifty Future  (Bias - Positive)


Weak Below / Strong Above 25889.  

Update on Banknifty

Banknifty is overbought in Hourly and Daily.  ICICI Bank results will come in post-market.

Update on the Indexes - Nifty and Banknifty Spot!

Nifty Spot Formed a Narrow range last week and 10787-10807 will provide strong resistance this week and 100570-10600 will provide strong support. 10694 is the positive/negative borderline.

Banknifty Spot Formed a Narrow range last week and 25720-25800 will provide strong resistance this week and 25460-25540 will provide strong support. 25591 is the positive/negative borderline.

Karnataka Elections might help the Indexes to break the shackles!

Update on Indexes - Nifty and Banknifty Spot

Both Indexes likely to move up with some intraday selling from here and is likely to hold  10600 and 25500 respectively.

Intraday 7-5-2018

Nifty Future (Bias - Negative) 


Weak Below / Strong Above 10683.  



Banknifty Future  (Bias - Positive)


Weak Below / Strong Above 25761.  

Intraday 4-5-2018

Nifty Future (Bias - Negative) 


Weak Below / Strong Above 10662.  


Banknifty Future  (Bias - Positive)


Weak Below / Strong Above 25621.  

Update on Nifty

It the correction remains restricted to 2/3 days then one scenario else another.  Caution remains.

Intraday 3-5-2018

Nifty Future (Bias - Positive)


Weak Below / Strong Above 10713.  


Banknifty Future  (Bias - Positive)


Weak Below / Strong Above 25596.  

Update on Nifty

Strength in Nifty is visible and a close below previous day is yet elusive for the current rally. Below 10700 some additional weakness may be seen.  Buy on dips as of now continues. Close to 10600 again strong buying likely to emerge if 10700 is broken.  Wait and watch continues till the overbought condition is neutralized.

Intraday 2-5-2018

Nifty Future (Bias - Positive) 


Weak Below / Strong Above 10809. 



Banknifty Future  (Bias - Negative)



Weak Below / Strong Above 25697