Index 51740 and Nifty Future 15500 important support

- Chart Hint: Ashok Trivedi

The BSE index (closed at 2100.05 on 08-03-21) is in favor of a bottom of 7.5. At present the average of 15 days is 3111.6 and the average of 9 days is 4.5 and the average of 200 days is 90.5. Above 20 above, there is a possibility of up to 216, 20, 2120, 210. At the bottom, 2140, 2140 are considered support. There are three bullish gaps on the chart. Meditation is good but caution is required.

Escorts (closing price of Rs. 1512.5 dated 09-03-21) is in favor of improving the bottom of 1100. At present, the average for 15 days is 114.5 and for 11 days it is 114.5 and for 200 days it is 1201.5. Possibility up to 120, 120, 1905, 18 above 150. 114 below is considered as 114 support.

Godrej Property (Closed Price Rs. 1703.5 Dt. 05-06-21) is pro-improvement from the bottom of 1500. At present the average of 15 days is 121.31 and the average of 9 days is 12.5 and the average of 200 days is 12.5. Above 150 above 13, 160, 1905, 16, 17, 18 are considered important surfaces. The bottom 12 counts as 150 support.

Havells (closing price Rs. 105.50 dated 07-06-21) is pro-improvement from the bottom of 20. At present, the average for 15 days is 106.5 and for 10 days it is 1031.5 and for 200 days it is 8.30. Possibility up to 1100, 1115, 115 above 108. At the bottom 1060, 108 are considered support.

HDFC (closing price of Rs. 212.05 dated 07-06-21) is in favor of the bottom of the 4.5 correction. At present, the average for 15 days is 4.5 and the average for 9 days is 4.5 and the average for 200 days is 6.05. The daily MACD is pro-reform. The weekly MACD is pro-softening. Shows the position of overboat on a daily basis, overboat on a weekly basis as well as oversold on a monthly basis.

Hero Motor (closing price Rs. 203.50 dated 07-06-21) is pro-improvement from the bottom of 31.05. At present, the average for 15 days is 4.81 and for 8 days it is 4.5 and for 200 days it is 21.5. Above 206, 206, 20, 214, 20, 20 are considered important surfaces. Below 2, 3 counts as support.

Kotak Mahendra Bank (closing price of Rs. 1211.30 on 08-09-21) is in favor of the bottom of 1905.10. At present, the average for 15 days is 13.81 and for 12 days it is 121.5 and for 200 days it is 131.18. Possibility of up to 150, 18, 1903, 150 above 15. The bottom 150 counts as support.

Bank Nifty Futures (closed at 9.00 am on 08-03-21) is in favor of the bottom of the 515 correction. At present, the average for 15 days is 30.05 and for 21 days it is 21.81 and for 200 days it is 20602.5. Above 21, it can fluctuate up to 200, 40, 50, 50, 2000. The bottom counts as 20,4110 support.

Nifty Futures (closed at 12.00 on 08-03-21) is pro-correction from the bottom of 190. At present, the average for 15 days is 131.18 and for 13 days it is 18.30 and for 200 days it is 13.5. The daily MACD is pro-reform. The weekly MACD is pro-softening. Shows overboat positions on a daily, weekly as well as monthly basis. Possibility of up to 150, 120 above 15. Fluctuations can come up to 18100, 1500. But 150 may have a correction. Below is the 1500 support count.

Sayonara

Our relationship From neighbor to foreigner, we have no one in our own home - Khalil Dhantejvi