VishalBheda

VishalBheda

Today Nifty futures gave a superb pullback & closed almost 1.65 % up in positive. The candle on the daily chart looks encouraging, but apart from the candle there is much more to it. Trend of Nifty future is now flat in daily as well as hourly chart. Today ,s pullback was unexpected & it did surprise everyone. Almost all of the important sectoral indices closed...

VishalBheda

In my previous report I had shared that we need a close above 18450 for a decent rally in Nifty futures, which did not happens as price started correcting even before testing 18450. Trend is now down in hourly charts & flat in medium term chart. Nifty futures closed negative by almost 1.96 %. All important sectoral indices also closed in red, although psu banks,...

VishalBheda

In my previous report I had shared that 18225 to 18014 this entire price band may act as immediate support for Nifty futures, this price band has worked so well that not even a single candle in hourly charts was able to close below this band & today nifty future has bounced nicely from this band. Trend is now up once again in the daily & hourly charts. Trend...

VishalBheda

In my previous post I had shared that until & unless nifty future doesn't trend in a particular direction for a prolonged time, a strong trend will not be established. Market has closed negative but price closed near the lower end of our support band of 15800 to 15730. Trend of Nifty future in daily chart continues to remain flat although trend is now down in...

VishalBheda

Nifty futures bounces nicely from our support level of 15637 ( previous day's close ) Trend is now flat in daily chart & even hourly chart. Even RSI is moving horizontal. Almost all major sectoral indices closed in green, although Nifty Metal & IT pack did most of the heavy lifting for market. Nifty futures has closed at 61.80 % Fibonacci retracement of previous...

VishalBheda

On 25th March we saw Banknifty futures bouncing on the back on a support confluence which was a previous high made in the month on Jan 2021, a hammer candle on 25th March was a clear sign on market respecting the support. Although in the hourly chart 33700 to 34350 remains an important resistance band for price. Banknifty futures will have to surpass & sustain...