Index 55500 and Nifty Future 16500 are important sports

- Chart signal-Ashok Trivedi

The BSE Index (Closed at 312.5 on 3-08-21) is in favor of the bottom of 2018.8. At present, the average for 15 days is 4.5 and the 6-day average is 314.12 as well as the 200-day average is 7.5. Daily and weekly MACD is pro-correction. Shows overboat positions on a daily, weekly as well as monthly basis. Above 216, 20, 20, 20, 200 counted as important surfaces. Below is considered 500, 200 support. The market is growing in a danger zone which is worrisome.

Biocon (closing price of Rs. 3.30 on 7-08-21) is in favor of softening from the top of 7.5. At present the average of 15 days is 6.5 and the average of 3 days is 4.8 and at present the average of 15 days is 6.5 and the average of 3 days is 4.5 and the average of 200 days is 4.5. Daily and weekly MACDs are soft. Shows oversold positions on a daily, weekly as well as monthly basis. Above 6 above is considered a resistance surface. If the bottom 5 breaks down to 3, the probability up to 215, 5, 21.

Grasim (closing price of Rs. 19.50 on 3-08-21) is in favor of softening from the top of 1905.8. At present, the average for 15 days is 16.5 and for 120 days it is 120.50 and for 200 days it is 13.5. Daily and weekly MACDs are soft. Shows oversold on daily and weekly basis as well as overboat position on monthly basis. 12 above is considered as 12 resistance surface. Possibility of 120 below 1203, 12, 13.

Hero Motor (closing price Rs. 4.05 dated 3-06-21) is in favor of softening from the top of 203.50. At present, the average for 15 days is 21.15 and for 8 days it is 208 and for 200 days it is 8.15. Daily and weekly MACDs are soft. Shows oversold positions on a daily, weekly as well as monthly basis. Above 20 above 30 is considered resistance surface. If the bottom 5 breaks down to 2, the probability is up to 200, 2, 30.

Jindal Steel (closing price of Rs. 31.50 on 3-08-21) is in favor of softening from the top of Rs. The current 15-day average is 21.8 and the 9-day average is 206.51 and the 200-day average is 7.5. Daily and weekly MACDs are soft. Shows oversold on daily and weekly basis as well as neutral position from overboat on monthly basis. Above 6 above is considered a resistance surface. Possibility of up to 3, 4 if 2 breaks down at the bottom.

JSW Steel (closing price of Rs. 3.50 on 3-08-21) is softening from a high of 8.30. At present the average for 15 days is 202.5 and for 8 days it is 206.5 and for 200 days it is 4.5. Daily and weekly MACDs are soft. Shows oversold on daily and weekly basis as well as overboat position on monthly basis. Above 6 above 6, 203 is considered a resistance surface. Possibility of 3 to 4, 2, 3 below. If it breaks, sales will increase.

Maruti (closing price Rs. 4.3 on 3-08-21) is softening from the top of 8.30. At present, the average for 15 days is 4.5 and for 8 days it is 206.51 and for 200 days it is 2007.00. Daily and weekly MACDs are soft. Shows oversold on daily and weekly basis as well as neutral position on monthly basis. Above 6 above is considered a resistance surface. Possibility of 21 to 4, 5 below. If it breaks, it is possible to get up to 2105, 5, 200.

Bank Nifty Futures (closed at 30.00 on 9-08-21) is prone to softening from the top of 6.15. At present, the average for 15 days is 6.15 and the average for 9 days is 21.05 and the average for 200 days is 6.5. Daily and weekly MACDs are pro-softening. Shows the position towards the overboat on a daily, weekly as well as monthly basis. Above 210, 20, 2110, 2, 3 are considered important surfaces. The bottom 5 is considered the 20 most important surfaces.

Nifty Futures (Closed 1912.30 on 3-08-21) is in favor of the bottom of the 15th correction. At present, the average for 15 days is 12.5 and for 3 days it is 1208.5 and for 200 days it is 12.5. Daily and weekly MACD is pro-correction. Shows overboat positions on a daily, weekly as well as monthly basis. Possibility of up to 150, above 12, 18, 1910, 120. The bottom 12 counts as 1200 support.

Sayonara

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