Sensex 52240 and Nifty Future 15690 important closing support

- Chart signal-Ashok Trivedi

The BSE Index (Closed 3.2 on 08-03-21) is in favor of the softening of the top of 216.5. At present, the average for 15 days is 4.5 and for 4 days it is 3120.31 and for 200 days it is 200.5. Daily MACD shows oversold, overbought position on weekly as well as monthly basis. Above 6 and 214 are considered important surfaces. If it closes below 50, it is considered as support of 2150, 2030, 2150, 21500.

Bharat Electronics (closing price of Rs. 120.5 on 08-08-21) is in favor of improvement from the bottom of 114.5. 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. Daily and weekly MACD is pro-correction. Shows overboat positions on a daily, weekly as well as monthly basis. If you jump 12, 120 and 12 above, chances are up to 12, 203.

Bharti Airtel (closing price Rs. 4.00 dt. 05-06-21) is in favor of softening from the top of Rs. At present, the average for 15 days is 20.5 and the average for 3 days is 6.5 and the average for 200 days is 8.31. Daily and weekly MACD is pro-softening. Shows oversold position on daily basis, oversold position on weekly as well as monthly basis. Above 20, above 3 counts as a resistance surface. At the bottom 214 and 2 are considered important surfaces. Below which will be seen growing sales.

BHEL (closing price of Rs. 3.0 dated 07-06-21) is in favor of softening from the top of 7.5. At present, the average for a 15-day period is 4.5 and a 9-day average of 7.5 and a 200-day average of 20.5. The daily MACD is pro-softening. The weekly MACD is pro-reform. Shows oversold on daily and weekly basis as well as overbought position on monthly basis. If you jump to the top, don't stay in recession. The bottom 5 is considered the 20 most important support.

Cholamandalam (closing price of Rs. 210.10 on 08-08-21) is in favor of softening of the top of 200.5. At present, the average for 15 days is 20.8 and for 8 days it is 2.50 and for 200 days it is 4.5. Above 20 above is considered as 21 resistance surface. Below 205 below is considered as 31 important surface.

Piramal Enterprise (Closed Price Rs. 206.5 Dt. 05-06-21) is pro-improvement from the bottom of 1908.10. At present, the average for 15 days is 4.5 and for 8 days it is 203.5 and for 200 days it is 1213.81. Daily and weekly MACD is pro-correction. Towards oversold on a daily basis, showing overboat positions on a weekly as well as monthly basis. The above assumption of 200 to 50 has been fulfilled. Above 9, 21 will be seen selling. If it closes below 50, weakness will be seen.

Reliance (closing price of Rs. 313.05 dated 07-06-21) is in favor of a top softening of 8.50. At present, the average for 15 days is 4.05 and for 8 days it is 206.5 as well as for 200 days it is 1616.81. Daily and weekly MACD is pro-correction. Shows oversold on daily basis, overboat position on weekly as well as monthly basis. Don't stay in recession above 2140. Below 2021, below 202 are considered important support.

Bank Nifty Futures (closed at 21.05 on 08-03-21) is pro-softening from the top of 70. At present the average for 15 days is 202.5 and for 8 days it is 206.5 and for 200 days it is 215.50. Daily and weekly MACDs are soft. Shows neutral position from overboat on daily basis, overboat on weekly as well as monthly basis. Above 2100, 20, 30 counts as resistance surface. If it closes below 50, the weakness will increase. 20 below 50, 2 counts as support.

Nifty Futures (closed at 12.30 on 08-09-21) is prone to softening from the top of 120. At present the average for 15 days is 1310.30 and for 12 days it is 12.5 and for 200 days it is 13111.5. 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 1912, 120 resistance levels are considered. If it closes below 120, the weakness will increase. Possibility of 120 below 120, 150, 1910, 18.

Sayonara

We are all lost in the game, lost in finding one thing.

- Amit Vyas