Index 57764 and Nifty Future 17211 important support

- Chart Hint: Ashok Trivedi

The BSE Index (Closed at 313.8 on 08-03-21) is pro-correction from the bottom of 2018.8. At present, the average for 15 days is 4.5 and the average for 9 days is 2.15 and the average for 200 days is 6.5. Daily and weekly MACD is pro-correction. Shows overboat positions on a daily, weekly as well as monthly basis. Possibility of 20, 20, 20, 205 above 215. The bottom 2 counts as the bottom 3 support. It is worrying that the market has been rising in the danger zone for a few days.

APL Lee. (Closed price of Rs. 4.3 dated 07-06-21) Shows a reactionary improvement from the bottom of 20.8. At present, the average for 15 days is 6.15 and the average for 9 days is 4.5 and the average for 200 days is 8.31. The daily MACD is pro-reform. The weekly MACD is pro-softening. Shows overboat on daily basis, oversold position on weekly as well as monthly basis. Possibility of up to 518, 5 above. Below is considered support.

Aurobindo Pharma (closing price of Rs. 3.30 on 08-08-21) shows a reactionary improvement from the bottom of 7.5. At present, the average for 15 days is 6.15 and for 8 days it is 8.05 and for 200 days it is 8.31. Shows a position towards overboat on a daily basis, oversold on a weekly basis, as well as oversold on a monthly basis. Possibility of up to 5,412 above 50. Below is considered support.

Cadillac (closing price of Rs. 4.3 dated 07-06-21) shows a reactionary improvement from the bottom of 21.5. At present, the average for 15 days is 4.5 and the average for 9 days is 2.31 and the average for 200 days is 4.01. The daily MACD is pro-reform. The weekly MACD is pro-softening. Shows neutral position from overboat on daily basis, oversold on weekly basis as well as overboat on monthly basis. Possibility of up to 4, 5 above 21. Below is considered support.

Conker (closing price of Rs. 2.5 dated 08-06-21) is pro-improvement from the bottom of. At present, the 15-day average is 7.5 and the 9-day average is 6.5 and the 200-day average is 7.5. The daily MACD is pro-reform. The weekly MACD is pro-softening. Shows the position of overboat on a daily basis, neutral on a weekly basis as well as from overboat to neutral on a monthly basis. Possibility of up to 5, 6, 7, 8, 500 if 4 jumps above 3. Below is considered support.

Indus End Bank (closing price of Rs. At present the average of 15 days is 1001.5 and the average of 9 days is 1008.5 and the average of 200 days is 9.15. Daily and weekly MACDs are soft. Shows the position from Overboat to Neutral on a daily basis, to Oversold on a weekly basis and from Overboat to Neutral on a monthly basis. Above 108, 1060, 108 is considered an important surface. The bottom 20 counts as support.

Kotak Bank (closing price Rs. 121.3 on 08-08-21) is pro-improvement from the bottom of 19.30. At present the average for 15 days is 120.81 and for 12 days it is 121.01 and for 200 days it is 12.5. The daily MACD is pro-reform. The weekly MACD is pro-softening. Overbought on a daily basis, overbought to neutral on a weekly basis, as well as a position towards neutral on a monthly basis. If you jump 12 above 1911, chances are up to 15, 16, 1917. The bottom 12 counts as the bottom 15 support.

Bank Nifty Futures (Closed 319.50 on 08-08-21) is pro-correction from the bottom of 20. At present, the average for 15 days is 314.5 and for 20 days it is 20.8 and for 200 days it is 303.5. The daily MACD is pro-reform. The weekly MACD is pro-softening. Shows overboat on a daily basis, overboat on a weekly basis as well as overboat on a monthly basis, overboat on a weekly basis as well as overboat positions on a monthly basis. Possibility of 20, 20, 20 above 50. Below 50 is considered as 200, 30 is considered as support.

Nifty Futures (closed at 12.00 on 08-03-21) is pro-softening from the top of 12. At present, the average for 15 days is 1913.18 and for 12 days it is 12.5 and for 200 days it is 18.12. Daily and weekly MACD is pro-correction. Shows overboat positions on a daily, weekly as well as monthly basis. If you jump 150 on the top 12, chances are up to 12, 1500, 18, 180. Below 1911 counts as 12000 support.

Sayonara

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