Index 60331 and Nifty Future 18015 important support

- Chart Hint: Ashok Trivedi

The BSE index (closed at 2021.1 on 9-10-21) is prone to softening from a high of 7.5. At present, the average for 15 days is 2021.2 and the average for 9 days is 4.5 and the average for 200 days is 90.71. Daily and weekly MACD is pro-reform. Shows the position towards the overboat on a daily basis. Above 2120, 216, 216, 2013, 2 are considered resistance surfaces. If 2051 breaks below 205, the probability is up to 20150, 2, 300, 4.

Bank of Baroda (closing price of Rs. 4.5 on 8-10-21) is pro-improvement from the bottom of 8.30. At present, the 15-day average is 7.5 and the 9-day average is 2.71 and the 200-day average is 8.30. Shows the position of overboat on daily and weekly basis as well as overboat on monthly basis. If you jump above 100, it is possible to give fluctuations up to 106,111, 121, 12, 13. Below 21 counts as support below 21.

Canara Bank (closing price Rs. 12.50 dt. 9-10-21) is pro-improvement from the bottom of 18. At present, the 12-day moving average is 13.8 and the 9-day average is 17.15 and the 200-day average is 161.5. The daily and weekly MACD is pro-correction. Shows overboat positions on a daily, weekly as well as monthly basis. Above 206, the possibility of 216, 2, 3, 4 is considered as the lowest, 14 is considered as the bottom, 14 is considered as support.

Indian Bank (closing price Rs. 12.50 dt. 9-10-21) is pro-improvement from the bottom of 18. At present, the average for 15 days is 12.5 and the average for 9 days is 161.5 and the average for 200 days is 17.15. Daily and weekly MACD is pro-correction. Displays overboat to neutral on a daily, overbought position on a weekly as well as monthly basis. Up to 15, up to 16, up to 210 possibilities. The bottom 12 counts as 12 and the bottom as 131 support.

Punjab National Bank (closing price of Rs. 4.5 on 9-10-21) is pro-improvement with a bottom of 6.5. At present, the average for 15 days is 4.5 and the average for 9 days is 30.15 and the average for 200 days is 7.5. Overbought Neutral on a daily basis shows an overbought on a weekly basis as well as a neutral position on a monthly basis. Up to 5, 6, 7 possibilities where profit can be sold. If he jumps, it is likely to fluctuate up to 2, 3, 4, 31. Below are 3 support counts. The goods have been collected at a low level for the last 15 months. If it closes above 8 on a monthly basis, gold will smell.

Reliance (closing price of Rs. 2.50 on 9-10-21) shows a reactionary decline from the top of 21.5. At present, the average for 15 days is 4.5 and the average for 9 days is 21.81 and the average for 200 days is 313.01. The daily MACD is pro-softening. The weekly MACD is 313.01. The daily MACD is pro-softening. The weekly MACD is pro-correction. Displays overboat to neutral on a daily, overbought position on a weekly as well as monthly basis. Above 20 above 304, 21 counts as resistance surface. Possibility of 5, 20, 21 below 205.

Coal India (closing price Rs. 12.50 on 9-10-21) is in favor of softening from the top of 205.50. At present, the 12-day average is 12.51 and the 9-day average is 12.5 and the 200-day average is 12.5. The daily MACD is pro-softening. The weekly MACD is pro-correction. Shows the position of Oversold on a daily basis, Neutral from Overboat on a weekly basis and Overboat on a monthly basis. 12 above is considered as 12 resistance surface. Possibility of 141, 16, 17, 18 below 12.

Bank Nifty Futures (Closed at 30612.00 on 9-10-21) is pro-correction from the bottom of 30.15. At present, the average of 15 days is 2013.8 and 8 day is 4.5 and 200 day is 2031.5. Daily and weekly MACD is pro-correction. Shows overboat positions on a daily, weekly as well as monthly basis. Possibility of up to 20600, 20150, 214 above 206. Below 20120 below 500, 2 counts as support.

Nifty Futures (Closed 1913.8 on 9-10-21) is prone to softening from the top of 12. At present, the average for 15 days is 1913.8 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. Towards oversold on a daily basis, showing overboat positions on a weekly as well as monthly basis. Above 150 above 1308, 12, 120, 120, 12 resistance levels are considered. Possibility of 120, 120 if 12000 breaks below 12050.

Sayonara

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