Index 57578 and Nifty Future 17150 important support

- Chart Hint: Ashok Trivedi

- Reader friends, Happy New Year, Happy New Year to all of you.

The BSE Index (Closed 3.3 dated 21-12-21) shows a reactionary improvement of the bottom of 2.09. At present, the average for 15 days is 6.05 and for 4 days it is 314.5 and for 200 days it is 8.41. The daily MACD is pro-reform. Weekly MACD is pro softness. Shows the position of overboat on a daily basis, towards neutral on a weekly basis and from overboat to neutral on a monthly basis. Possibility of up to 200, 50, 505 above 510. Below 20, 2 counts as support.

ABFRL (Closed Price Rs. 6.3 dated 31-12-21) is in favor of softening from the top of. At present, the average for 15 days is 7.5 and for 8 days it is 4.5 and for 200 days it is 90.05. Daily and weekly MACDs are soft. Shows the position of Oversold on a daily basis, Neutral on a weekly basis and Overboat to Neutral on a monthly basis. Above 20 counts as resistance surface. Below ૨૫૭ Below ૨૫૩, ૨૪૫, ૨૪૨, ગણ are considered important surfaces.

Cadillac Healthcare (closing price of Rs. 2.15 dated 21-12-21) shows a reactionary improvement of the bottom of 8.30. At present, the average for 15 days is 4.5 and the average for 9 days is 6.15 and the average for 200 days is 310.5. The daily MACD is pro-reform. Weekly MACD is pro softness. Shows overboat on daily basis, neutral on weekly basis and oversold position on monthly basis. Possibility of up to 4, 610 above 6. The following is considered support.

Delta Corporation (closing price of Rs. 3.30 on 31-12-21) is in favor of softening from the top of 200.5. At present, the average for 15 days is 6.5 and for 8 days it is 4.5 and for 200 days it is 90.51. Daily and weekly MACDs are soft. Shows positions towards oversold on daily and weekly basis as well as overboat to neutral on monthly basis. Above 6 is considered as 3 above resistance surface. Below ૨૪૮ Below 2, 2, 3, 20 are considered important surfaces.

IGL (closing price of Rs. 30.60 on 31-12-21) is in favor of softening from the top of 7.5. At present, the average for 15 days is 4.05 and for 8 days it is 8.50 and for 200 days it is 304.5. Daily and weekly MACDs are soft. Shows oversold positions on daily, weekly as well as monthly basis. Above 6 is considered as 3 above resistance surface. Below ૪૬૪ Below ૪૫૪, ાય is considered an important surface. If it breaks, the possibility up to 5, 21.

India Mart (closing price of Rs. 2.50 on 31-12-21) is in favor of the softening of the top of 210.30. At present, the average for 15 days is 401.5 and for 9 days it is 314.8 and for 200 days it is 4.5. Daily and weekly MACDs are soft. Shows oversold positions on daily, weekly as well as monthly basis. 204 is considered as resistance surface in Upper. Possibility of 21 to 3141, 203 below.

Reliance (closing price of Rs. 2.15 on 31-12-21) is in favor of softening from the top of 8.10. At present the average for 15 days is 6.05 and for 8 days it is 8.30 and for 200 days it is 8.15. The daily MACD is pro-reform. Weekly MACD is pro softness. Shows the position of Overboat to Neutral on daily basis, Oversold on weekly basis and Overboat to Neutral on monthly basis. Improvements will be seen above 20, 205, 30. The following is considered support.

Bank Nifty Futures (Closed 8.30 dated 21-12-21) shows a reactionary correction of the bottom of 7.5. At present the average for 15 days is 313.8 and the average for 9 days is 9.5 and the average for 200 days is 311.5. Daily and weekly MACDs are soft. Shows position towards overboat on daily basis, oversold on weekly basis as well as oversold on monthly basis. Possibility of up to 50, 2120, 50, 200 above 50. At the bottom, 30,612 counts as support.

Nifty Futures (Closed 120.00 on 31-12-21) shows a reactionary correction of the bottom of 19.20. At present, the average for 15 days is 1913.8 and for 12 days it is 12.5 and for 200 days it is 12.5. The daily MACD is pro-reform. Weekly MACD is pro softness. Shows the position of overboat on a daily basis, towards neutral on a weekly basis, and from overboat to neutral on a monthly basis. Possibility up to 120, 1910, 12 above 12. Below 150 counts as 15, 1500 support.

Sayonara

Where I say you should be 'yes', but if you say no there should be pain. - Patient