Index 53215 Nifty Future 15950 Significant resistance surface

- Chart Hint: Ashok Trivedi

The BSE index (closed at 3.30 on 9-08-21) is softening from a high of 70.30. The current 15-day average is 3.05 and the 9-day average is 215.12 and the 200-day average is 203.5. Above 2111, 216 and 20 are considered important resistance surfaces. Below 2 is considered as 21, 2018 support.

Adani Enterprise (closing price Rs. 1201.5 dated 3-06-21) is pro-softening from the top of 1918. At present, the average for 15 days is 1913.8 and for 12 days it is 13.05 and for 200 days it is 8.30. If you jump 12 on top of 15, chances are up to 12, 120, 150. The bottom 12 counts as 121, 150 as support.

Adani Port (closing price Rs. 20.05 on 3-08-21) is in favor of softening from the top of 7.5. At present, the average of 15 days is 4.31 and the average of 3 days is 6.5 and the average of 200 days is 7.5. If 204 jumps above 4, the chances are up to 216, 21, 2, 3, 4, 20, 6. The bottom 2 counts as the bottom 20 support.

Bharti Airtel (closing price Rs. 3.30 dt. 3-06-21) is pro-improvement from the bottom of ૫૨૩. At present, the average for 15 days is 4.5 and for 8 days it is 8.05 and for 200 days it is 4.5. Possibility of 21, 2, 3 above 3 above. The bottom 2 counts as the bottom 20 support.

Cadillac (closing price of Rs. 212.5 on 3-08-21) is softening from the top of 8.50. At present, the average for 15 days is 4.01 and for 20 days it is 20.8 and for 200 days it is 30.5. Above 6 is considered 21 resistance surface. If the bottom 215 breaks down to 205, the probability of up to 20, 3.

Cipla (closing price Rs. 4.00 dt. 3-06-21) is in favor of softening from the top of Rs. At present, the average for a 15-day period is 4.5, for an 8-day period it is 2.15 and for a 200-day period it is 4.5. Above 6 above is considered a resistance surface. Possibility of 3, 4, 5, 216, 200 below.

Reliance (closing price of Rs. 2105.50 on 3-08-21) is in favor of improvement from the bottom of 303.10. At present, the average for 15 days is 2106.5 and for 8 days it is 3101.5 and for 200 days it is 2007.2. If 518 jumps above 518, then the possibility up to 215, 2, 30, 5. Below 202 is considered 204 support.

Bank Nifty Futures (Closed at 3050.00 on 9-08-21) is prone to softening from a high of 203.50. The current 15-day average is 21.8 and the 9-day average is 211.51 and the 200-day average is 214.12. Above 216, 2, 210, 21, 2 counts as resistance surface. Below 202 below 500, 2020, 210 support counts.

Nifty Futures (closed at 12.00 dt. 2-03-21) is pro-softening from the top of 120. At present, the average for 15 days is 12.5 and the average for 9 days is 12.5 and the average for 200 days is 12.5. Above 12 above 120, 150 counts as resistance surface. At the bottom 1912, below 12, if broken, 1200, 12 is considered support.

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