NIFTY1! Nifty futures: Gapped up and maintained the gains through most of the day; Traction in most sectors; closed around the 50 WMA; resistances are at the 21 WMA and then at 26118; above the 21 WMA, be careful on selling the rise; otherwise no change in structure for now; supports are at 25998 & 25908
NIFTY1! Nifty futures: found support at the key 25789; and resistance just below 25998; IT contributed to the support the most; 25789 is key; has been supported here since mid November; so a break could open up quite the fall; support below 25789 is at 25644; resistance is at 25908 & 25998: structure remains a sell on rise.
NIFTY1! Nifty futures: choppy sideways day; so basically a sideways market that does not support a positional trade; so wait for confirmation; structure remains a sell on rise; supports are at 25789 & 25644; resistances are at 25998 & the 50 WMA- just above 26050
NIFTY1! #Nifty #futures: gapped down, but found support at 26000 and once above the 50 WMA- found some traction as some of the index heavyweights found some traction; found resistance at the 21 WMA; closed below the resistance at 26118; structure remains a sell on rise; resistances are at 26118 & 26261 and supports are at 25998 & 25908
NIFTY1! Nifty futures: two solid green days- so logical from a weekly timeframe perspective, but being a sell on rise on a daily timeframe creating quite a confusing scenario; very few sectors did well this past week; resistances at 26261; supports are at 26118 & 25998; structure remains a Sell on Rise