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.