Index 59580 and Nifty Future 17765 important support

- Chart Hint: Ashok Trivedi

The BSE Index (Closed at 20612.20 on 08-10-21) is in favor of improvement from the bottom of 31.18. At present, the average for 15 days is 200.8 and the average for 9 days is 8.50 and the average for 200 days is 314.5. The daily MACD is pro-softening. The weekly MACD is pro-reform. Shows overboat positions on a daily, weekly as well as monthly basis. If 20316 jumps above, 2030 is considered an important surface. The bottom 20,200 are considered important support.

Indus End Bank (closing price of Rs. At present, the average for 15 days is 1160.8 and for 10 days it is 104.15 and for 200 days it is 104.15. Daily and weekly MACD is pro-reform. Shows overboat positions on a daily, weekly as well as monthly basis. Possibility of 120, 12, 150 above 1150. Below 1140 below 1108 support.

Mother Sumi (closing price of Rs. 3.15 on 08-10-21) is pro-improvement from the bottom of 15.21. At present, the average for 15 days is 6.01 and for 8 days it is 8.30 and for 200 days it is 303.81. The daily MACD is pro-reform. The weekly MACD is pro-softening. Shows a neutral position on a daily basis, an overboat on a weekly basis as well as a neutral position from an overboat on a monthly basis. Above 6 above 2, 3, 4, 5, 21 are considered important surfaces. Below is considered support.

Reliance (closing price of Rs. 31.5 on 08-10-21) is pro-improvement from the bottom of. At present, the average for 15 days is 6.05 and the average for 9 days is 6.5 and the average for 200 days is 3191.5. Daily and weekly MACD is pro-correction. Shows overboat positions on a daily, weekly as well as monthly basis. Possibility of up to 4, 5, 21, 2 above. 20 below 30 counts as support.

TCS (closing price of Rs. 4.3 dated 09-10-21) is pro-improvement from the bottom of 206.5. At present, the average for 15 days is 313.8 and for 20 days it is 20.5 and for 200 days it is 8.31. The daily MACD is pro-softening. The weekly MACD is pro-reform. Shows overboat positions on a daily basis, neutral to overboat on a weekly basis as well as overboat positions on a monthly basis. Above 6 is considered 20 important surfaces. The bottom 20 counts as support.

TVS Motor (closing price Rs. 4.5 dated 09-10-21) is pro-improvement from the bottom of Rs. At present, the average for 15 days is 4.31 and for 8 days it is 8.50 and for 200 days it is 7.5. The daily MACD is pro-reform. The weekly MACD is pro-softening. Overbought to neutral on a daily basis, overbought to weekly, and overbought to neutral on a monthly basis. If you jump 6 above 21, chances are 21, 21, 201. Below is considered support.

Bank of Baroda (closing price of Rs. 3.10 on 08-10-21) is in favor of improvement from the bottom of 8.30. At present, the average for 15 days is 21.5 and the average for 9 days is 90.5 and the average for 200 days is 4.5. The daily MACD is pro-reform. The weekly MACD is pro-softening. Demonstrates neutral position on daily, weekly as well as monthly basis. Possibility of up to 100 above 6. Support 2 counts.

Bank Nifty Futures (closed at 30.00 on 08-10-21) is pro-correction from the bottom of 20.15. The current 15-day average is 21.01 and the 9-day average is 4.5 and the 200-day average is 8.05. The daily MACD is pro-softening. The weekly MACD is pro-reform. Shows overboat positions on a daily, weekly as well as monthly basis. If you jump 3 above 300, chances are up to 5, 2120, 200, 2050. The bottom 20, 30 counts as support.

Nifty Futures (closed at 1913.00 on 08-10-21) is pro-correction from the bottom of 19.00. At present, the average for 15 days is 12.5 and the average for 5 days is 16114.5 and the average for 200 days is 120.5. The daily MACD is pro-softening. The weekly MACD is pro-reform. Shows overboat positions on a daily, weekly as well as monthly basis. If you jump 130 above 120, chances are up to 150. The bottom is 12,100 support.

Sayonara

Whose company is good in life, zero you think of yourself, Babbe Bahu behind hard work, only palm behind luck. - Zero Palanpuri