Index 52330 and Nifty Future 15690 important closing support

- Chart Hint: Ashok Trivedi

The BSE index (closed at 3.15 on 08-08-21) is in the softening range from a high of 214.5. At present, the average for 15 days is 6.5 and the average for 9 days is 313.81 and the average for 200 days is 8.30. The daily MACD is pro-softening. The weekly MACD is pro-reform. Shows overboat positions from overboat to neutral on a daily and weekly basis as well as on a monthly basis. Above 50, 6,412 are considered important surfaces. If the bottom closes below 50, 5, 2150, 2030, 2120, 21500 are considered support.

Aurobindo Pharma. (Closed price of Rs. 3.50 on 08-08-21) is softening from the bottom of 1018. At present, the 15-day average is 6.5 and the 9-day average is 4.5 and the 200-day average is 7.5. Daily and weekly MACDs are soft. Shows oversold on a daily basis, neutral on a weekly basis as well as overboat positions on a monthly basis. Above 6 above is considered a resistance surface. Below ૯૪૨ Below is a possibility of up to 20, 215, 200. At the top, the price of 108.30 seems to have peaked.

Colgate (closing price Rs. 15.00 dated 07-06-21) is pro-improvement from the bottom of 18. At present, the 15-day average is 1,200.5 and the 3-day average is 120.5 and the 200-day average is 12.5. Daily and weekly MACD is pro-reform. Shows the position of Neutral on a daily basis, Overboat to Neutral on a weekly basis as well as Overboat on a monthly basis. Above 12 is considered the surface of 12 tussle. Below 1200 counts below 120 support.

Havells (closing price Rs. 102.5 dated 07-06-21) is pro-improvement from the bottom of ૯૭૭. At present the average for 15 days is 1008.10 and for 9 days it is 1013.30 and for 200 days it is 21.8. The daily MACD is pro-reform. The weekly MACD is pro-softening. Overbought on a daily basis, neutral towards weekly as well as oversold on a monthly basis. Possibility up to 108, 104, 1061 above 108. Below 1010 below 1000 is considered support.

Infosys (closing price Rs. 12.50 on 08-08-21) is softening from the top of 151. At present the average for 15 days is 121.5 and for 120 days it is 120.05 for 9 days and for 12 days it is 12.5. The daily MACD is pro-softening. The weekly MACD is pro-reform. Displays overboat to neutral weekly as well as overboat positions on a daily basis as well as monthly basis. Above 13, 121 are considered resistance surfaces. If the bottom 12 closes below, the probability is up to 12, 1912, 1500, 150, 18.

Maruti (closing price Rs. 3.30 on 08-08-21) is in favor of softening from the top of Rs. At present, the average of 15 days is 304.5 for 3 and 4 days and 204.05 for 200 days. The daily MACD is pro-softening. The weekly MACD is pro-reform. Oversold on a daily basis shows a position towards overboat on a weekly basis as well as overboat on a monthly basis. Above 20 above 3 counts as resistance surface. Possibility of 4 down to 5, 210, 2150 below.

PEL (closing price of Rs. 219.15 on 08-09-21) is in favor of softening from the top of 8.10. At present the average of 15 days is 30.05 and the average of 9 days is 206.5 and the average of 200 days is 16.01. The daily MACD is pro-softening. The weekly MACD is pro-reform. Shows oversold on daily basis, overboat position on weekly as well as monthly basis. Above 6 counts as resistance surface. Possibility of 2011 below 50, 200, 215 below.

Bank Nifty Futures (closed at 9.00 on 08-03-21) is prone to softening from the top of 50. At present, the average for 15 days is 20.8 and the average for 9 days is 316.51 and the average for 200 days is 215.5. Daily and weekly MACD is pro-correction. Shows the position of overboat on daily basis, overboat on weekly as well as monthly basis. Above 216, 20 counts as a resistance surface. The bottom 20 counts as 50 support.

Nifty futures (closed at 121.00 on 08-03-21) are pro-softening from the top of 19.30. At present, the average for 15 days is 12.5 and the average for 9 days is 12.05 and the average for 200 days is 1213.30. Daily and weekly MACDs are soft. Shows oversold on a daily basis, overbought to neutral on a weekly basis and overboat positions on a monthly basis. Above 12 above 12, 1912, 18, 180 are considered resistance surfaces. If it closes below 150, the probability is up to 150, 1910, 150, 180, 1910, 18.

Sayonara

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