1st January: Level of 5960 still providing resistance to Nifty Futures

• Nifty closed at 5955 which is 25 points higher than its previous close of 5930.
• The absence of positive trigger is forcing Nifty Futures to remain range bound with very low trading volumes.
• Fresh trading long positions are recommended only closing above 6000 mark where upward breakout will be materialized on the chart.
• The immediate support is placed at 5900 which is trend line support as shown in the chart.
• The trend reversal level is placed at 5840 on closing basis below which sharp selloff may be seen.
• The important timing cycle day is placed on 4^th or 7^th January for reversal or continuation of ongoing uptrend.
• As long as Nifty trades above 5600, the current intermediate trend is positive.
• The intraday resistance levels for Nifty are placed at 5960 & 6000 whereas the intraday support levels are placed at 5900 & 5840 respectively.  

28th December: Trend Deciding Levels for S&P CNX Nifty: 5840 & 5940

• Nifty closed at 5870 which is 36 points higher than its previous close of 5906.
• Nifty was not able to cross 5940 levels and reacted downwards from the day’s high of 5930 on November series expiry day.
• The intermediate high is placed at 5940 and closing above this level may push Nifty towards 6000 mark.
• At the same time, the bottom of 5840 is a crucial support and breakdown of this level is like to push Nifty towards 5790 – 5780 mark.
• Considering the above levels, 5940 and 5840 are likely to remain crucial levels for trend direction.
• The important timing cycle day is placed on 4^th or 7^th January for reversal or continuation of ongoing uptrend.
• As long as Nifty trades above 5600, the current intermediate trend is positive.
• The intraday resistance levels for Nifty are placed at 5940 & 5970 whereas the intraday support levels are placed at 5840 & 5810 respectively. 

24th December: Nifty Futures in corrective mode

• Nifty Futures closed at 5853 which is 78 points lower than its previous close of 5931.

• Nifty Futures lost 100 points in last 3 trading sessions from the high of 5961 and now approaching towards its crucial support of 5840.

• The breakdown of 5840 is likely to push Nifty Futures 100 more points lower towards 5750 levels.

• The second consecutive negative weekly close is suggesting Nifty Futures is in corrective mode and shade some more points in current week.

• Bearish candle on weekly chart is indicating profit booking and lack of buying interest as Nifty Futures lost 62 points week on week basis.

• On the higher side, the level of 5900 – 5920 is strong resistance zone if any corrective bounce back is seen.

• As long as Nifty Futures trades above 5600, the current intermediate trend will be positive.

• The intraday resistance levels for Nifty are placed at 5870 & 5900 whereas the intraday support levels are placed at 5840 & 5800 respectively.  

21st December: Weekly close of Nifty Futures above 5960 to continue uptrend

• Nifty Futures closed at 5931 which is 16 points lower than its previous close of 5947.
• The level of 5960 is consistently providing resistance and Nifty Futures needs to close above this level for generating upward momentum.
• The immediate target after the upward breach of 5960 is placed at 6000 levels which is the earlier high.
• We recommend to book profits above 6000 in long trading positions as profit booking may be seen in coming days.
• The immediate support is placed at 5900 and the trend reversal level is placed at 5840.
• The level of 5840 is a crucial support and can be treated as stop loss for all trading long positions.
• As long as Nifty Futures trades above 5600, the current intermediate trend will be positive.
• The intraday resistance levels for Nifty are placed at 5960 & 6000 whereas the intraday support levels are placed at 5900 & 5840 respectively.

20th December: Immediate Support for Nifty Futures at 5900

• Nifty Futures closed at 5947 which is 18 points higher than its previous close of 5929.
• Nifty Futures moved in just 25 points range testing 5960 keeping the hope of uptrend continuation.
• Above 5960, the next target for Nifty Futures is placed at 6000.
• If any corrective trend is seen, then the immediate support is placed at 5900 from where uptrend is likely to resume again.
• Nifty Futures can be bought in the range of 5920 – 5900 with the stop loss of 5840 and initial target of 6000 levels.
• The level of 5840 is a crucial support and can be treated as stop loss for all trading long positions.
• As long as Nifty Futures trades above 5600, the current intermediate trend will be positive.
• The intraday resistance levels for Nifty are placed at 5960 & 6000 whereas the intraday support levels are placed at 5910 & 5870 respectively.  

18th Dec: Trend Direction to set after breach of 5940 or 5870

• Nifty Futures closed at 5889 which is 26 points lower than its previous close of 5915.
• Nifty Futures moved in extremely narrow range of 27 points between 5908 and 5881 throughout the day with thin volumes continuing the indecisiveness.
• The double bottoms are seen at 5870 and closing below this level may push Nifty Futures lower where supports are placed at 5840 & 5800.
• Nifty Futures needs to surpass 5940 on closing basis to regain the strength and afterwards can move upwards to retest 6000 level again.
• The short term RSI is moving below the trigger line and not showing any sign of revival yet.
• The fresh long / short positions are advised only after closing above 5940 or below 5870.
• As long as Nifty Futures trades above 5600, the current intermediate trend will be positive.
• The intraday resistance levels for Nifty are placed at 5910 & 5940 whereas the intraday support levels are placed at 5870 & 5840 respectively.  

17th December: Nifty Futures consolidating between 6000 & 5850

• Nifty Futures closed at 5915 which is 39 points higher than its previous close of 5876.
• Double bottom formation was seen in Nifty Futures at 5870 but was not able to cross its previous day’s high of 5939.
• Nifty Futures needs to surpass 5960 level on closing basis for moving in upward direction.
• An immediate target of Nifty after breaching 5960 is placed at 6050.
• But the breakdown of 5870 can push Nifty Futures towards 5800 mark which is next support level.
• Nifty Futures exhibited a negative weekly close losing 30 points week of week basis.
• As long as Nifty Futures trades above 5600, the current intermediate trend will be positive.
• The intraday resistance levels for Nifty are placed at 5960 & 6000 where as the intraday support levels are placed at 5870 & 5840 respectively.  

14th Dec: Nifty Futures at crucial support zone 5870 - 5840

• Nifty Futures closed at 5876 which is 52 points lower than its previous close of 5928.
• After testing 6000 mark, Nifty Futures is consistently closing lower for past three trading sessions and lost 137 points from the high of 6002.
• Nifty Futures has entered the strong support zone of 5870 – 5840 where current fall is expected to halt.
• But if 5840 is breached then next support level is placed at 5800.
• The long positions can be initiated below 5850 with stop loss of 5750 and target of 6000 & 6100 on positional basis.
• The previous weekly close was seen at 5945 and Nifty Futures needs to gain 65 points from the current levels to show a positive weekly close.
• As long as Nifty Futures trades above 5600, the current intermediate trend will be positive.
• The intraday resistance levels for Nifty are placed at 5920 & 5960 where as the intraday support levels are placed at 5840 & 5800 respectively. 

11th Dec: Corrective trend may extend if Nifty Futures trades below 5920

• Nifty Futures closed at 5942 which is just 3 points lower than its previous close of 5945.
• Nifty Futures was not able to move above 5960 and formed the bottom of 5924 in intraday, thus indicating 5920 as a crucial support.
• The breakdown of 5920 will result in extending the corrective trend and Nifty Futures may slide towards 5870 levels.
• The zone of 5850 – 5800 is a strong support zone for Nifty Futures as multiple supports are seen.
• The buying can be initiated in Nifty Futures between 5870 – 5820 with the stop loss of 5770 and target of 6100.
• The timing cycle day is seen on 12^th December where trend direction will be seen on daily chart.
• The short term RSI on daily chart is in the overbought zone and suggesting caution for creating fresh long positions.
• The intraday resistance levels for Nifty are placed at 5980 & 6020 where as the intraday support levels are placed at 5900 & 5850 respectively.  

10th December: 5850 - 5800: Strong support zone for Nifty Futures

• Nifty Futures closed at 5945 which is 26 points higher than its previous close of 5971.
• Nifty Futures fell just short to test 6000 mark and formed high at 5985.
• The level of 5930 is an immediate support for Nifty Futures.
• The breakdown of 5930 will result in extending the corrective trend and Nifty Futures may near 5850 levels.
• The zone of 5850 – 5800 is a strong support zone for Nifty Futures as multiple supports are seen.
• The buying can be initiated in Nifty Futures between 5850 – 5800 with the stop loss of 5775 and target of 6100.
• On weekly chart, again a positive close is seen with week on week gain of 36 points.
• The intraday resistance levels for Nifty are placed at 5980 & 6020 where as the intraday support levels are placed at 5900 & 5850 respectively.  

6th December: Closing above 5950 to trigger a fresh rally

• Nifty Futures closed at 5924 which is 12 points higher than its previous close of 5912.
• For past three trading sessions, Nifty Futures is exhibiting sideways movement between 5930 and 5870 and waiting for trigger to move higher.
• The above mentioned range bound movement is seen well above the 30 points price gap visible on daily charts between 5868 & 5838.
• The upward breakout is placed at 5950 on closing basis and after materializing this, a sharp uptrend of around 100 points may be seen.
• At the same time, the important support to watch at 5880 and breakdown of this level will result in fall of 50 to 80 points pushing Nifty Futures near 5800.
• The current trend of Nifty is strongly up hence we recommend to buy near 5800 or above 5950 with proper stop loss.
• A current uptrend and the projection of higher values for Nifty Futures will continue till Nifty Futures is trading above 5600 on closing basis.
• The intraday resistance levels for Nifty are placed at 5950 & 6000 where as the intraday support levels are placed at 5880 & 5830 respectively.  

5th December: Closing above 5950 to trigger a fresh rally

• Nifty Futures closed at 5924 which is 12 points higher than its previous close of 5912.
• For past three trading sessions, Nifty Futures is exhibiting sideways movement between 5930 and 5870 and waiting for trigger to move higher.
• The above mentioned range bound movement is seen well above the 30 points price gap visible on daily charts between 5868 & 5838.
• The upward breakout is placed at 5950 on closing basis and after materializing this; a sharp uptrend of around 100 points may be seen.
• At the same time, the important support to watch at 5880 and breakdown of this level will result in fall of 50 to 80 points pushing Nifty Futures near 5800.
• The current trend of Nifty is strongly up hence we recommend to buy near 5800 or above 5950 with proper stop loss.
• A current uptrend and the projection of higher values for Nifty Futures will continue till Nifty Futures is trading above 5600 on closing basis.
• The intraday resistance levels for Nifty are placed at 5950 & 6000 where as the intraday support levels are placed at 5880 & 5830 respectively.  

27th November: Trading below 5680 suggesting weak momentum in Nifty Futures

• Nifty Futures closed at 5643 which is 10 points higher than its previous close of 5633.
• The level of 5660 is still providing resistance for past 3 trading sessions indicating absence of buying interest in Nifty Futures.
• The zone of 5660 – 5680 is strong resistance and only after breakout above this zone, sustained up-move is expected in Nifty Futures.
• After the breakout of 5680, next level to watch is 5750 which is resistance seen on weekly chart.
• On the downside, a strong support is placed at 5600, if any corrective trend is seen.
• Long positions are recommended only after upward breakout of 5680 on closing basis in Nifty Futures.
• The short term RSI on daily chart is turned in the positive territory suggesting the level of 5600 will provide strong support.
• The intraday resistance levels for Nifty are placed at 5680 & 5725 where as the intraday support levels are placed at 5600 & 5550 respectively.  

26th November: On weekly chart, Nifty Futures needs to surpass 5750 for reversal

• Nifty Futures closed at 5633 which is 7 points lower than its previous close of 5640.
• Nifty Futures is still hovering below initial resistance of 5660 indicating lacking strength of upward momentum.
• A positive weekly close is seen with week to week gains of 50 points.
• As per the weekly charts, the intermediate resistance and 62% retracement level is above 5750 and Nifty Futures needs to surpass this level for reversal.
• After the upward breakout of 5660 on closing basis, Nifty Futures is likely to test 5750 in a short span of time.
• On the downside, the current bottom of 5550 is a crucial support as after the breakdown below this level, a sell off may be seen till 5480.
• The timing cycle day is placed at 26^th November for signaling the trend direction.
• The intraday resistance levels for Nifty are placed at 5660 & 5700 where as the intraday support levels are placed at 5590 & 5550 respectively. 

23rd Nov: Weekly close above 5660 to indicate regaining strength in Nifty Futures

• Nifty Futures is consolidating in the range of 100 points between 5650 & 5550 for past 4 trading sessions.
• Nifty Futures is yet to show a sharp breakout above 5660 which will be the initial sign of reversing trend.
• Though the previous weekly close was seen at 5580, current close above 5660 will be a positive indication for initiating long trades.
• After the upward breakout of 5660 on closing basis, Nifty Futures is likely to test 5725 in a short span of time.
• On the downside, the current bottom of 5550 is a crucial support as below this level, a sell off may be seen till 5480.
• The next timing cycle day is placed at 23^rd / 26^th November for signaling the trend direction.
• The intraday resistance levels for Nifty are placed at 5660 & 5725 where as the intraday support levels are placed at 5590 & 5550 respectively.  

22nd November: Unless 5660 is breached, Nifty Futures trend sideways

• Nifty Futures closed at 5622 which is 38 points higher than its previous close of 5584.
• For past 3 trading sessions, Nifty Futures is moving in a terminating pattern and will be confirmed the trend reversal once Nifty Futures moves above 5660 level.
• On the daily chart, a 7 points price gap is seen between 5664 and 5671, hence the level of 5660 is showing multiple resistance on daily chart.
• After the breakout of 5660 on closing basis, a sharp breakout may be seen till 5750.
• On the downside, the current bottom of 5550 is a crucial support as below this level, a sell off may be seen till 5480.
• Though short term RSI is in the oversold territory, it is yet to cut the trigger line upwards and suggesting long positions after 5660.
• The next timing cycle day is placed at 23^rd / 26^th November for signaling the trend direction.
• The intraday resistance levels for Nifty are placed at 5660 & 5700 where as the intraday support levels are placed at 5590 & 5550 respectively.  

21st Nov: Nifty Futures needs to maintain 5550 to avoid further erosion

• Nifty Futures closed at 5583 which is 7 points lower than its previous close of 5590.
• Nifty Futures failed to show expected bounce and again moved in the vicinity of 5550.
• The lacking buying interest is pushing Nifty Futures downwards where the crucial support is placed at 5550.
• Nifty Futures needs to maintain 5550 as breakdown of this level will lead to testing of 5470 levels where sharp selloff may be seen.
• On the higher side 5620 & 5660 are expected to provide resistance to Nifty Futures if any corrective uptrend is seen.
• The strength in the market will be seen only after Nifty Futures trades and sustains above 5700.
• The next timing cycle day is placed at 22^nd / 23^rd November for signaling the trend direction.
• The intraday resistance levels for Nifty are placed at 5620 & 5660 where as the intraday support levels are placed at 5550 & 5500 respectively.  

20th November: Nifty Futures is likely to trade between 5550 & 5660

• Nifty Futures closed at 5590 which is 9 points higher than its previous close of 5581.

• Nifty Futures breached Friday’s low and formed new low in intraday at 5563 and closed near 5600 mark.

• The intraday chart of Nifty Futures is showing corrective bounce in the offing with immediate target of 5620 and next at 5660.

• Nifty Futures is likely to trade in the range of 5550 & 5660 for some time showing consolidation before continuing the current uptrend.

• The breakdown of 5550 may lead to further fall in Nifty Futures till the next support of 5470.

• The strength in the market will be seen only after Nifty Futures trades and sustains above 5700.

• The next timing cycle day is placed at 22^nd / 23^rd November for signaling the trend direction.

• The intraday resistance levels for Nifty are placed at 5620 & 5660 where as the intraday support levels are placed at 5550 & 5500 respectively. 

19th Nov: Negative weekly close below 5600 is sign of worry

• Nifty Futures closed at 5581 which is 68 points lower than its previous close of 5649.
• Nifty Futures opened at 5664 and was trading between 5665 & 5635 but sharp selloff near the closing session pushed Nifty Futures lower.
• The intraday low was registered at 5568 indicating strong selling pressure before weekend.
• The weekly close was negative by 140 points in comparison with earlier weekly close suggesting beginning of downward momentum.
• If the downtrend continues, then immediate support level is placed at 5550 and intermediate support level is seen at 5450.
• The strong resistance for Nifty Futures is at 5700 on weekly basis and the upward reversal is placed at 5750 on closing basis.
• The next timing cycle day is placed at 22^nd / 23^rd November for signaling the trend direction.
• The intraday resistance levels for Nifty are placed at 5620 & 5660 where as the intraday support levels are placed at 5550 & 5500 respectively.  

15th Nov: Important Levels to watch for Nifty Futures 5580 & 5825

• Nifty Futures closed at 5673 which is 38 points lower than its previous close of 5711.
• After a negative weekly close, Nifty Futures opened and stayed below the initial resistance of 5740 forming intraday low at 5693. The fall extended to 5670 in Muhurat Trading day of 13^th November.
• The important levels for Nifty Futures to watch are 5580 & 5825 where breakdown or breakout will be seen on the charts.
• If the level of 5580 is breached then sharp selloff may be seen with initial target of 5500.
• On the other hand, if breakout of 5825 is materialized then Nifty Futures is likely enter in the zone of 5900 – 5950 immediately.
• We do not recommend trading positions till the clear trend direction is materialized on the chart for breakout or breakdown.
• The next timing cycle day is placed at 22^nd / 23^rd November for signaling the trend direction.
• The intraday resistance levels for Nifty are placed at 5710 & 5740 where as the intraday support levels are placed at 5640 & 5600 respectively.  

12th November: Negative Weekly close of Nifty Futures indicates lacking strength in rally

• Nifty Futures closed at 5721 which is 44 points lower than its previous close of 5765.
• Nifty Futures was unable to breach the level of 5780 and the correction pushed it downwards to form the intraday bottom at 5703.
• Nifty Futures is near its support of 5700 and the next support is placed at 5650 in case the weakness persists.
• The crucial support is placed at 5600 below which the short term trend direction can turn negative.
• Now 5800 – 5850 is a strong resistance zone and Nifty Futures needs to surpass 5850 on closing basis for uptrend continuation.
• The weekly close has turned negative by 20 points in comparison with its previous close indicating lacking strength in the rally.
• The next timing cycle day is placed at 22^nd / 23^rd November for signaling the trend direction.
• The intraday resistance levels for Nifty are placed at 5740 & 5780 where as the intraday support levels are placed at 5700 & 5650 respectively.  

9th November: Nifty Futures needs to close above 5740 for positive weekly close

• Nifty Futures closed at 5765 which is 28 points lower than its previous close of 5793.
• Nifty Futures opened with 35 points downward price gap and formed intraday low at 5743.
• Now, the range of 5790 – 5780 is likely to provide a strong resistance and continuation of corrective trend may be seen.
• On downside, the zone of 5710 – 5680 is a strong support and ideal buying zone on positional basis for trading long positions.
• Nifty Futures can be bought near 5710 with the stop loss of 5610 and initial target is 5850.
• Till Nifty Futures trades above 5600, the short term trend will remain in upward direction.
• The intraday resistance levels for Nifty are placed at 5780 & 5830 where as the intraday support levels are placed at 5740 & 5700 respectively.  

7th November: Nifty Futures is in the offing of a breakout above 5780

• Nifty Futures closed at 5767 which is 27 points higher than its previous close of 5740.
• Nifty Futures continued the uptrend and closed near the breakout level of 5780.
• The daily chart is indicating a fresh uptrend which will confirm if Nifty Futures closes above 5780 and sustained rally will be seen thereafter.   
• After this upward breakout, the immediate target is placed at 5850 and the next is at 5900.
• Now the stop loss is revised to 5700 for long trading positions.
• Long positions can be added in Nifty Futures above 5780 with the revised stop loss of 5700 and target is 590.
• Till Nifty Futures trades above 5600, the short term trend will remain in upward direction.
• The intraday resistance levels for Nifty are placed at 5850 & 5900 where as the intraday support levels are placed at 5700 & 5660 respectively. 

6th November: Valid Breakout Level for Nifty Futures at 5780

• Nifty Futures closed at 5740 without showing any loss or gain in comparison with its previous close of 5740.
• Nifty Futures traded above 5700 throughout the day and formed intraday low at 5711.
• Though Nifty Futures is maintaining above 5700, valid breakout level for Nifty Futures is placed at 5780 above which sustainable uptrend is expected.   
• After this upward breakout, the immediate target is placed in the zone of 5900 – 5950.
• A 15 points Price gap is visible on daily chart between 5700 & 5685 which is likely to provide a support if any corrective trend is seen.
• Long positions can be added in Nifty Futures above 5780 with the revised stop loss of 5680 and target is between 5900 - 5950.
• Till Nifty Futures trades above 5600, the short term trend will remain in upward direction.
• The intraday resistance levels for Nifty are placed at 5780 & 5850 where as the intraday support levels are placed at 5720 & 5680 respectively.  

2nd November: Weekly close above 5700 will be first sign of reversing the trend

• Nifty Futures closed at 5676which is 30 points higher from its previous close of 5646.
• Nifty Futures tested and closed in the resistance zone of 5660 – 5680 but the short term trend is still in the downward direction.
• For past three weeks, the closing of Nifty Futures was seen near 5690 and if current weekly close is seen above 5700 then this will be the first indication of trend reversal.   
• The confirmation of trend reversal and breakout is placed at 5750 above which the immediate target is at 5850.
• On the downside, an immediate support is placed at 5590 and the next support is at 5550.
• Though the RSI has entered in oversold zone on daily chart, still it is moving below a trigger line suggesting short term trend in downward direction.
• The timing cycle is indicating to continue the current trend till 2^nd & 5^th November.
• The intraday resistance levels for Nifty are placed at 5700 & 5730 where as the intraday support levels are placed at 5630 & 5590 respectively.  

31st Oct: Breakdown below 5640 in Nifty Futures

• Nifty Futures closed at 5628 which is 74 points lower from its previous close of 5702.
• Finally the range bound trading is ended with breakdown of 5640 levels on closing basis in Nifty Futures indicating short term trend direction in downward side.
• Now, the positional target for Nifty Futures is placed at 5550 which is 50% retracement support.
• Any bounce back in Nifty Futures may face strong resistance in the zone of 5660 – 5680 where short selling positions can be initiated with the stop loss of 5730.
• The short term RSI on daily chart has cut the trigger line in downward direction suggesting continuation of current fall.
• Nifty Futures needs to surpass 5730 for changing the trend in upward direction.
• The timing cycle is indicating to continue the current trend till 30^th October to 2^nd November.
• The intraday resistance levels for Nifty are placed at 5660 & 5680 where as the intraday support levels are placed at 5590 & 5550 respectively.  

30th October: Range bound trading to end after RBI Policy

• Nifty Futures closed at 5705 which is 6 points higher from its previous close of 5699.
• Lower volume lackluster trading continues between 50 points range of 5730 & 5680 with directionless trend.
• After the RBI Policy announcement, it is expected that the direction of the intermediate trend will be clear i.e. breakout of 5750 or breakdown of 5640 is expected to happen.
• Once Nifty Futures closes above 5750, the upward target is placed at 5850 which is current high in very short span of time.
• But if breakdown of 5640 is materialized, then immediate target will be seen at 5550 which is 50% retracement level.
• On daily chart, symmetrical triangle structure is visible where sharp movements on either side are expected, hence trading is recommended after clear trend direction.
• In case of breach of 5640, the short selling can be initiated with the stop loss of 5700 for an immediate target 5550.
• The intraday resistance levels for Nifty are placed at 5750 & 5800 where as the intraday support levels are placed at 5640 & 5590 respectively.  

26th Oct: Early signal of Weakening trend if Weekly close below 5640

• Nifty Futures is still refusing to show the trend direction as 5750 & 5640 are still intact.
• Two previous consecutive weekly closes were seen at 5688 and current weekly close needs to maintain 5640 on closing basis.
• Early sign of weakness will be seen if Nifty Futures weekly close is seen below 5640 as sell off may follow after the breakdown.
• On the downside, the important levels to watch are 5600 & then 5550 which is 50% retracement support.
• But if Nifty Futures manages to clear 5750 on closing basis then a swift uptrend of around 100 points till 5850 will be materialized.
• Trading buying positions are recommended either above 5750 or near 5550 as per the chartical indications.
• The intraday resistance levels for Nifty are placed at 5750 & 5800 where as the intraday support levels are placed at 5680 & 5640 respectively.  

22nd Oct: Nifty Futures weekly chart indicates upward breakout above 5750

• Nifty Futures closed at 5688 which is 48 points lower from its previous close of 5736.
• The range bound movement was continued in Nifty Futures for 8th consecutive trading session between 5750 & 5650 showing directionless momentum.
• The weekly close is flat in comparison with its previous weekly close of 5687 but a ‘Doji’ Pattern is seen on weekly chart suggesting indecisive trend.
• A sustainable breach and closing above 5750 is likely to trigger fresh rally which is expected to cross earlier high of 5855.
• On the downside, breakdown below 5640 may result in losing near about 100 points and testing of 5550 which is 50% retracement support. 
• Due to indecisive trend, trading positions are recommended after either a breakdown of 5640 or breakout of 5750 levels .
•  The intermediate trend of Nifty Futures is in upward direction and the intermediate trend reversal level is 5200 on weekly closing basis.
• The intraday resistance levels for Nifty Futures are placed at 5720 & 5750 and support levels are placed at 5640 & 5600 respectively.

19th Oct: Nifty Futures needs to close above 5750 to negate correction

• Nifty Futures closed at 5736 which is 66 points higher from its previous close of 5670.
• Nifty Futures was stable to stay above the earlier bottom of 5640 and moved above 5700 forming intraday high at 5744.
• The important level to watch is placed at 5750 and Nifty Futures needs to surpass this level on closing  for uptrend continuation.
• For last 8 trading sessions, Nifty Futures moved in a 110 points band of 5750 to 5640 and the breakdown or breakout is expected to trigger sharp movement thereafter..
• A previous weekly close was seen at 5687 and current positive weekly close will indicate re-entry of bulls . 
• Fresh long positions are recommended only after Nifty Futures closes above 5750.
•  The intermediate trend of Nifty Futures is in upward direction and the intermediate trend reversal level is 5200 on weekly closing basis.
• The intraday resistance levels for Nifty Futures are placed at 5760 & 5800 and support levels are placed at 5690 & 5650 respectively.

18th Oct: Hold Short Positions with Stop Loss of 5750

• Nifty Futures closed at 5670 which is 18 points higher from its previous close of 5652.
• Nifty Futures moved in a narrow range of 50 points throughout the day between 5695 and 5645 with lower trading volumes exhibiting lack luster day.
• The short term trend of Nifty Futures is still in the downward direction till it trades below the level of 5750.
• A convincing breach of 5630  will lead to sell off resulting in trading below 5600 with the target of 5550.
• A daily chart of Nifty Futures is showing ‘Falling Parallelogram’ structure with breakdown placed at 5630 . 
• In case of Nifty Futures closes above 5750, short positions are recommended to square off as trend reversal may be seen.
•  The intermediate trend of Nifty Futures is in upward direction and the intermediate trend reversal level is 5200 on weekly closing basis.
• The intraday resistance levels for Nifty Futures are placed at 5720 & 5750 and support levels are placed at 5630 & 5600 respectively.

17th Oct: Short Selling Stop Loss 5750 for Nifty Futures

• Nifty Futures closed at 5652 which is 51 points lower from its previous close of 5703.
• Nifty Futures made intraday high at 5732 and lost 95 points in intraday breaching 5640 mark.
• As the intermediate of 5640 is breached in intraday, Nifty Futures is likely to continue the current downtrend with a target of 5600 and 5550 respectively.
• If any bounce back is seen near 5700, short selling can be initiated in Nifty Futures with stop loss of 5750 and positional target of 5550.
• The short term RSI on daily chart is still in the ‘Sell’ mode suggesting continuation of current corrective trend. 
• The upward trend reversal for Nifty Futures is placed at 5780 which is a previous week’s  high on the charts.
•  The intermediate trend of Nifty Futures is in upward direction and the intermediate trend reversal level is 5200 on weekly closing basis.
• The intraday resistance levels for Nifty Futures are placed at 5680 & 5730 and support levels are placed at 5600 & 5550 respectively.

16th Oct: Crucial Support for Nifty Futures @ 5640

• Nifty Futures closed at 5703which is 16 points higher from its previous close of 5687.
• The intraday low was seen at 5664 but Nifty Futures managed to close above 5700 mark.
• On daily chart, three bottoms are seen near 5660 and crucial support is placed at 5640 below which sell off  may be seen.
• After the breakdown of 5640, the next support is placed at 5600 but positional target is at 5550 which is 50% retracement level.
• Any bounce back in Nifty Futures will face strong resistance near 5750 - 5760 where profit booking is likely to be seen. 
• The short term trend will remain in downward direction till Nifty Futures trades below 5820.
•  The intermediate trend of Nifty Futures is in upward direction and the intermediate trend reversal level is 5200 on weekly closing basis.
• The intraday resistance levels for Nifty Futures are placed at 5740 & 5780 and support levels are placed at 5640 & 5600 respectively.

12th Oct: Nifty Futures needs to close above 5777 for Positive Weekly Close

• Nifty Futures closed at 5739 which is 67 points higher from its previous close of 5672.
• After breaching 5700, Nifty Futures moved near 5650 and bounce back of around 100 points was seen in intraday.
• A current bounce is likely to face strong resistance near 5780 which is 62% retracement level.
• Now, trading below 5700 will be initial sign of weakness and once Nifty Futures breaches 5650, positional target is 5570..
• A previous weekly close is seen at 5777 and current weekly close above this level will indicate re-gaining strength of bulls. 
• Fresh long trading positions are not recommended till the corrective trend is continued in the Nifty Futures.
•  The intermediate trend of Nifty Futures is in upward direction and the intermediate trend reversal level is 5200 on weekly closing basis.
• The intraday resistance levels for Nifty Futures are placed at 5770 & 5800 and support levels are placed at 5700 & 5650 respectively.

11th Oct: Breakdown of 5700 in Nifty Futures

• Nifty Futures closed at 5672 which is 52 points lower from its previous close of 5724.
• Nifty Futures finally closed below the crucial support level of 5700 indicating short term trend reversal.
• The immediate target is placed at 5640 but the positional target remains at 5550 which is 50% retracement support.
• Any bounce back will face strong resistance in the zone of 5710 - 5740 for Nifty Futures where again selling pressure may be seen.
• The bounce back can be utilized for short selling in Nifty Futures with the stop loss of 5780 and targets of 5640 & 5550. 
• As the short term trend is reversed, we recommend to avoid long trading positions.
•  The intermediate trend of Nifty Futures is in upward direction and the intermediate trend reversal level is 5200 on weekly closing basis.
• The intraday resistance levels for Nifty Futures are placed at 5710 & 5740 and support levels are placed at 5640 & 5600 respectively.