NIFTY FUTURE- Market
Review 1st April
NIFTY
FUT- For this session on Monday we had mentioned that NIFTY FUT will face
immediate hurdle at 5700 levels. Both in the opening session and in intraday
basis too that level more or less proved to be the support zones, Once NIFTY
FUT managed to trade above 5700 in the opening move, this level acted as a
support and provided two trading opportunities. One to trade a break above 5720
levels and secondly to trade a pull back in dips to 5700 levels.
We
also mentioned that 5725 is a swing
decider level and at the same time was an intraday BEARS LAST STAND point of
the day. markets gave a quick 20 odd points move just once it went past that
levels. Overall a range bound session in a way , providing mostly a pull back
trading opportunities. We took the same
trades twice going long near 5720 booking around 15-20 points in an average in
both the trades.
NIFTY
FUT just closed a shade below the crucial trading levels of 5725. What is in
store for the next session.
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NIFTY FUTURE – 2nd
April Trading Guide
NIFTY
FUT closed near the crucial trading levels of 5725 zones, this will prove as
the immediate trend decider level.
Also
today we decided to present a completed automated market analysis for NIFTY ,
combing various technical factors, Review this and do let us know how does this
fit into your trading plan
----Price and moving averages Analysis----:
NIFTY_F1() has closed below its Short time moving
average.
Short time moving average is currently below
mid-time, AND below long time moving averages.
The relationship between price and moving averages
is: bearish in short-term, and neutral in mid-long term.
----Volatility Bands Analysis----:
NIFTY_F1() has closed above bottom band by 35.5%.
Volatility Bands are {EMPTY}% narrower than normal.
-----------MACD signal analysis-----------
Current Statistics
Close: 5,721.650
Change:
38.150
MACD Value:
-60.742
Signal Line:
-49.319
Crossovers:
================
Currently the MACD is bearish since it is trading
below its signal line.
The MACD crossed below its signal line 6 period(s)
ago.
Since the MACD crossed its moving average,
NIFTY_F1's price has decreased -0.051%
And has ranged from a high of 5,772.000 to a low of
5,604.000
Overbought/Oversold
================
The MACD is not in an Overbought/Oversold range.
Divergence
================
There have been no divergence signals within the
last 5 periods.
---------RSI Signal Analysis---------------
Current Statistics
The current value for the 14 day RSI is 42.595
Tops and Bottoms
================
The RSI is not currently in a topping (above 70) or
bottoming (below 30) range.
Buy/Sell signals
================
A buy or sell signal is generated when the RSI moves
out of an overbought/oversold area.
The last Signal was a {EMPTY} period(s) ago.
Failure Swings (also known as support or resistance
penetrations or breakouts)
============
The RSI does not currently show any Failure Swings.
Divergence
==========
The RSI and price are not diverging
POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5750-55 sustaining above which it will target 5790,5625
POWERTRADE TREND DECIDER OF THE DAY ------- 5720-25
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5690-95
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5665,6535
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