27th August: Immediate support zone for Nifty Futures @ 5400 – 5370

• Nifty Futures closed at 5467 which is 46 points higher than its previous close of 5461.
• Nifty Futures tested the important resistance of 5515 as intraday high was seen at 5527 but closed below 5500 levels.
• As long as Nifty Futures stays below 5530, a corrective trend may be seen testing 5400 mark.
• Immediate strong support zone for Nifty Futures is placed between 5400 – 5370 from where again bounce back may be seen.
• A level of 5350 is a crucial support below which Nifty Futures may slide 100 points down near 5250 levels.
• The short term RSI on daily chart is in oversold territory and indicating continuation of bounce back from above mentioned zone of 5400 - 5370.
• If Nifty Futures is able to close above 5530, next target is placed at 5600.
• As long as Nifty trades below 5900 on weekly closing basis, the current intermediate trend will be in downward direction.
• The intraday resistance levels for Nifty Futures are placed at 5490 & 5530 where as the intraday support levels are placed 5420 & 5370 respectively.

23rd July: Breakout above 6075 for Nifty Futures

• Nifty Futures closed at 6044 which is just 1 point higher than its previous close of 6043.
• Nifty Futures formed intraday high at 6075 but reacted downwards and closed below 6050.
• For past 3 trading sessions, the level of 6070 is providing strong resistance in intraday and acting as a crucial level for Nifty Futures.
• Nifty Futures needs to show a breakout above 6075 for uptrend continuation with immediate target of 6130.
• Till Nifty Futures trades above 5900, the short term trend will be in upward direction where stop loss is at 5900 only.
• Breach of 5900 will push Nifty Futures downwards towards the intermediate support of 5750.
• Till the July expiry, Nifty Futures is expected to show a high volatilitywhere the level of 5980 is an initial support.
• As long as Nifty trades above 5700 on weekly closing basis, the current intermediate trend will be in upward direction.
• The intraday resistance levels for Nifty are placed at 6075 & 6130 where as the intraday support levels are placed 6010 & 5980 respectively.

17th July: Abrupt correction halts upward momentum of Nifty Futures

• Nifty Futures closed at 5970 which is 63points lower than its previous close of 6033.
• Nifty Futures opened with 115 points downward price gap at 5918 which was the low of the day.
• Abrupt correction in Nifty Futures has halted the upward momentum and may test the level of 5900 in next few trading sessions.
• The level of 6000 to 6020 will provide strong resistance where again selling pressure may be seen in the market.
• Still the short term trend will remain in upward direction till Nifty Futures trades above 5800.
• The upward momentum will continue only if Nifty Futures closes above 6020.
• In next 2 – 3 trading sessions, the trend direction will be visible where the levels to watch are 5800 and 6000 on closing basis.
• As long as Nifty trades above 5700 on weekly closing basis, the current intermediate trend will be in upward direction.
• The intraday resistance levels for Nifty are placed at 5990 & 6020 where as the intraday support levels are placed 5940 & 5900 respectively.

16th July: Nifty Futures heading towards 6100 mark

• Nifty Futures closed at 6033 which is 26 points higher than its previous close of 6007.
• Nifty Futures opened near 6000 but was unable surpass 6050 levels and formed intraday high at 6045.
• From the bottom of 5808, Nifty Futures is consistently moving upwards for past 4 trading sessions and likely to test intermediate resistance 6100 in next few trading sessions.
• The intraday chart of Nifty Futures is showing initial support near 5980 and next support at 5930 for arresting corrective trend.
• We recommend to book profits in trading long positions near 6100 as multiple resistance levels are seen at this level on the charts.
• Any intraday correction near 5950 will provide a buying opportunity with a stop loss of 5850 and target of 6100.
• The trading volumes are on lower side indicating continuation of the current rally till the volume exertion seen on the charts.
• As long as Nifty trades above 5700 on weekly closing basis, the current intermediate trend will be in upward direction.
• The intraday resistance levels for Nifty are placed at 6060 & 6100 where as the intraday support levels are placed 5990 & 5950 respectively.

15th July: Weekly close of Nifty Futures above 6000

• Nifty Futures closed at 6007 which is 66 points higher than its previous close of 5941.
• Nifty Futures traveled 213 points in past 3 trading sessions showing strong upward momentum.
• On positional basis, Nifty Futures has initial target of 6100 after the upward breakout seen in the last week.
• The zone of 5970 – 5930 will provide strong support if any corrective trend is seen, which will be a buying opportunity.
• Now, the 200 Days EMA level of 5770 of Nifty Futures will act as trend reversal level on short term basis.
• On the weekly chart, third consecutive positive bullish candle is seen with week on week gains of 132 points.
• Short term RSI on daily chart is moving upwards indicating continuation of current uptrend till 6100 mark.
• As long as Nifty trades above 5700 on weekly closing basis, the current intermediate trend will be in upward direction.
• The intraday resistance levels for Nifty are placed at 6030 & 6080 where as the intraday support levels are placed 5970 & 5930 respectively.

12th July: Upward breakout of Nifty Futures after closing above 5900

• Nifty Futures closed at 5941 which is just 119 points higher than its previous close of 5822.
• Nifty Futures opened with 76 points upward price gap at 5898 and intraday high was seen at 5963.
• Nifty Futures has given upward breakout by closing above 5900 and likely to surpass 6000 mark.
• On a daily chart, ‘Inverted Head & Shoulder’ Pattern is seen with the neck line breakout above 5900 which is confirmed as shown in the chart.
• The target for ‘Inverted Head & Shoulder Pattern’ is placed near 6200 on positional basis.
• The trading positions are recommended near 5900 with a stop loss of 5750 for an initial target of 6100 and next at 6200.
• The crucial support and stop loss is placed at 5750 on closing basis for current expected uptrend.
• As long as Nifty trades below 6000 on weekly closing basis, the current intermediate trend will be in downward direction.
• The intraday resistance levels for Nifty are placed at 5970 & 6000 where as the intraday support levels are placed 5910 & 5850 respectively.

11th July: 5900 & 5750 leaves to decide the trend

• Nifty Futures closed at 5822 which is just 39 points higher than its previous close of 5868.
• Nifty Futures formed intraday high at 5877 but profit booking pushed Nifty Futures near 5800 mark.
• Looking at the current range-bound movement, the clear direction of the trend will be established only after breakout of 5900 or breakdown below 5750.
• Breakdown of 5750 will push Nifty Futures towards 5600 mark in the short span of time.
• At the same time, breakout of 5900 on closing basis will trigger a rally with initial target of 6100.
• The trading positions are recommended only after valid breakout or breakdown of Nifty Futures in the current range bound markets.
• The timing cycle indicates a trend direction by current week end and confirmed on weekly closing basis.
• As long as Nifty trades below 6000 on weekly closing basis, the current intermediate trend will be in downward direction.
• The intraday resistance levels for Nifty are placed at 5930 & 5980 where as the intraday support levels are placed 5850 & 5800 respectively.

9th July: Stagnant movement between 5900 & 5700 for few more days

• Nifty Futures closed at 5829 which is just 46 points lower than its previous close of 5875.
• Nifty Futures opened with 38 points downward price gap at 5837 and formed intraday bottom at 5772.
• In intraday, 72 points rally was seen in Nifty Futures from the day’s low and Nifty Futures managed to close above 5825.
• On the daily chart, 5900 is a strong resistance where as 5700 is showing multiple support, hence a consolidation will be seen in these levels for few more days.
• On the higher side, 5850 – 5900 is a zone where again selling pressure may be seen in the current sideways momentum.
• In case of upward breakout at 5900 on closing basis, upward breakout will be seen with an initial target of 6100.
• We do not recommend any trading positional long till Nifty Futures is not closing above 5900 mark.
• As long as Nifty trades below 6000 on weekly closing basis, the current intermediate trend will be in downward direction.
• The intraday resistance levels for Nifty are placed at 5850 & 5900 where as the intraday support levels are placed 5800 & 5750 respectively.

8th July: Nifty Futures unable to close above breakout level of 5900

• Nifty Futures closed at 5875 which is just 35 points higher than its previous close of 5840.
• Nifty Futures opened at 5870 and moved upwards to form intraday high at 5905 but the closing was seen well below 5900.
• A price gap support is placed at 5850 & if Nifty Futures trades below this level then it is likely to move downwards below 5800.
• The important support zone is placed near 5775 – 5755 where 200 – EMA and current intermediate bottoms are coinciding.
•  Nifty Futures needs to close above 5900 for a valid breakout and till this happens, a consolidation phase will be seen between 5900 - 5700.
• Nifty Futures exhibited 2^nd consecutive positive weekly close with week of week gain of 34 points.
• We do not recommend any trading positional long position till Nifty Futures is not closing above 5900 mark.
• As long as Nifty trades below 6000 on weekly closing basis, the current intermediate trend will be in downward direction.
• The intraday resistance levels for Nifty are placed at 5875 & 5925 where as the intraday support levels are placed 5800 & 5750 respectively.

4th July: Positional Target for Nifty Futures @ 5700

• Nifty Futures closed at 5859 which is just 4 points lower than its previous close of 5863.
• Nifty Futures opened with 43 points downward price gap and moved downwards to form intraday low at 5755.
• The gap down structure of Nifty Futures on daily chart is indicating target of 5700 in coming days.
• A price gap support and 50% retracement level is coinciding at 5700 hence this is positional target for current downtrend.
•  Any bounce back is likely to face strong resistance near 5810 from where again sell off may be seen in the market.
• In case of breach of 5700, next important support is placed at 5660 levels.
• As per Elliot wave theory analysis, current downtrend is labeled as 5^th wave which is a final fall and likely to form higher bottom near the earlier low of 5556.
• As long as Nifty trades below 6000 on weekly closing basis, the current intermediate trend will be in downward direction.
• The intraday resistance levels for Nifty are placed at 5800 & 5840 where as the intraday support levels are placed 5740 & 5700 respectively.

25th June: Short Selling level for Nifty Futures @ 5700

• Nifty Futures closed at 5588 which is 74 points lower than its previous close of 5662.
• Nifty Futures opened with 34 points downward price gap at 5628 and selloff in intraday pushed Nifty below 5600 to form day’s low at 5557.
• Nifty Futures is consistently forming lower top – lower bottom and now headed towards the intermediate level of 5500.
• Bounce back near 5700 in intraday will attract strong selling pressure and again the downtrend is likely to continue.
• Short selling can be initiated in the range of 5680 & 5700 with the stop loss of 5770 and targets of 5575 & 5525 respectively.
• The 200 Days EMA at 5776 is a strong resistance level and high trading volumes in the current fall indicates caution till June expiry as sell off is likely to continue.
• We do not recommend any bottom fishing as trend of Nifty is still in the downward direction without any trend reversal indications.
• As long as Nifty Futures trades below 6000 on weekly closing basis, the current intermediate trend will be in downward direction.
• The intraday resistance levels for Nifty Futures are placed at 5660 & 5700 where as the intraday support levels are placed 5550 & 5500 respectively.

21st Jun: Immediate Target 5550 for Nifty Futures

• Nifty Futures closed at 5648 which is 174 points lower than its previous close of 5823.
• Nifty Futures opened with downward price gap of 73 points at 5750 which was the day’s high followed by strong selloff.
• Now, as the Nifty Futures has breached the earlier bottom of 5692, and now heading towards 5550.
• Nifty Futures lost 228 points in past 3 trading sessions with high trading volumes suggesting downward momentum to continue for sometime..
• Now, the level of 5700 and above that 5750 will provide a strong resistance if any bounce back is seen.
• As Nifty Futures is now trading below 200 – Days EMA, now the next crucial level is placed at 5500.
• If any bounce back is seen near 5700, short selling can be initiated with the stop loss of 5760 and target of 5550.
• As long as Nifty Futures trades above 5700 on weekly closing basis, the current intermediate trend will be in upward direction.
• The intraday resistance levels for Nifty Futures are placed at 5670 & 5700 where as the intraday support levels are placed 5600 & 5550 respectively.

19th June: Hold short positions in Nifty Futures with stop loss of 5900 (CL)

• Nifty Futures closed at 5812 which is 36 points lower than its previous close of 5848.
• Nifty Futures continued its bounce back and formed intraday high at 5868 but fell near 5800 at the closing session.
• Sustaining below 5800 will push Nifty Futures down near crucial support level of 5760.
• A sharp slide may be seen after breakdown of 5760 with the target of 5650.
• Nifty Futures will move near 6000 only in case of closing above 5900.
• The stop loss for short selling positions is still maintained at 5900 levels on closing basis as the trend is still dicey. 
• We do not recommend any fresh trading buying positions as Nifty Futures is still in fragile stage.
• As long as Nifty Futures trades above 5700 on weekly closing basis, the current intermediate trend will be in upward direction.
• The intraday resistance levels for Nifty Futures are placed at 5840 & 5880 where as the intraday support levels are placed 5760 & 5700 respectively.

7th June: Stop loss 6050 for short selling positions

• Nifty Futures closed at 5937 which is just 1 point lower than its previous close of 5938.
• Nifty Futures breached 5900 level in intraday and formed low at 5878 but again closed above 5900 mark.
• Still, the level of 6000 remains as a crucial resistance for the current bounce back as per the daily closing chart of Nifty Futures.
• A level of 6050 can be maintained as stop loss for short selling positions in Nifty Futures in the zone of 5950 - 6000.
• The immediate target for Nifty Futures is placed at 5850 and next target is at 5775 which is 200 - EMA.
• Only in case of closing above 6050, a current downtrend in Nifty Futures will get aborted and upward momentum will be seen.
• We recommend to avoid any long trading positions till Nifty Futures is trading below 6050.
• As long as Nifty Futures trades above 5700 on weekly closing basis, the current intermediate trend will be in upward direction.
• The intraday resistance levels for Nifty Futures are placed at 5950 & 6000 where as the intraday support levels are placed 5900 & 5850 respectively.

6th June: 5950 – 6000: Immediate resistance zone for Nifty Futures

• Nifty Futures closed at 5938 which is 6 points higher than its previous close of 5932.
• Nifty Futures dipped below 5900 forming intraday low 5896 but recovered to close near 5940.
• Retracement resistance levels for Nifty Futures are placed at 5985 and 6010 where again selling pressure will be seen.
• On the downside, 5850 is the immediate target of current fall after breach of 5900 mark.
• The next support level after 5850 is placed at 5775 which is 200 - EMA.
• The short term trend of Nifty Futures will turn in upward direction only if it crosses 6130 level on higher side.
• We recommend to avoid any long trading positions in the market as steep downtrend may be seen in Nifty Futures in the coming days.
• As long as Nifty Futures trades above 5700 on weekly closing basis, the current intermediate trend will be in upward direction.
• The intraday resistance levels for Nifty Futures are placed at 5970 & 6010 where as the intraday support levels are placed 5900 & 5850 respectively.

4th June: Uptrend in Nifty Futures only above 6140

• Nifty Futures closed at 5959 which is 41 points lower than its previous close of 6000.
• After opening Nifty Futures continued its downtrend and formed the intraday bottom at 5925.
• Nifty Futures dipped below previous bottom 5936 in intraday but managed to close above this level.
• If the current bottom breached again then the next immediate support is placed at 5900 which is 100 Days EMA.
• If the fall is continued further then the next support is placed at 5850 which is trend line and 50% retracement support.
• On the higher side, 6050 – 6100 is immediate resistance zone and intraday bounce back may be halted in this zone.
• Nifty Futures has to cross 6140 to continue uptrend.
• We recommend to avoid any long trading positions in the market as steep downtrend may be seen in Nifty Futures in the coming days.
• As long as Nifty Futures trades above 5700 on weekly closing basis, the current intermediate trend will be in upward direction.
• The intraday resistance levels for Nifty Futures are placed at 6010 & 6050 where as the intraday support levels are placed 5900 & 5850 respectively.

28th May: Stiff Resistance 6120 – 6140 for Nifty Futures

• Nifty Futures closed at 6083 which is 98 points higher than its previous close of 5985.
• After a strong downtrend in a previous week, Nifty Futures look upwards showing a corrective uptrend with intraday high at 6100.
• Multiple resistance zone is seen in the range of 6120 – 6140 on daily chart, hence selling pressure may be seen in this zone.
• On the downside, fall will be accelerated below 6000 mark and likely to test the earlier bottom of 5936.
• Only in the case of closing above 6150, the current corrective trend will gain a strong momentum and re-testing of 6240 is possible.
• Short term RSI on daily chart is still in the ‘Sell’ mode and not suggesting any fresh trading long positions.
• Short selling positions can be initiated in the range of 6120 – 6140 with stop loss of 6190 and immediate target of 6000.
• As long as Nifty Futures trades above 5700 on weekly closing basis, the current intermediate trend will be in upward direction.
• The intraday resistance levels for Nifty Futures are placed at 6130 & 6190 where as the intraday support levels are placed 6050 & 6000 respectively.

14th May: Nifty Futures closes below 6000

• Nifty Futures closed at 5994 which is 124 points lower than its previous close of 6119.
• After forming high at 6130 in the previous week, Nifty Futures opened near 6115 and reacted sharply downwards to form intraday low at 5986.
• A strong bearish candle on daily chart is indicating exhaustion and profit booking after a strong rally of 650 points in last 21 trading sessions.
• If Nifty Futures breaches initial support level of 5980, it is likely to test next support level of 5930.  
• Now, the zone of 6025 – 6045 is likely to provide strong resistance if any bounce back is seen.
• The short term has breach the trigger line indicating downside or a sideways movement of Nifty Futures to be seen in the current week.
• The short term trend is indicating 5850 – 5800 as a retracement support if Nifty Futures slips below the strong support of 5930.
• As long as Nifty Futures trades above 5700 on weekly closing basis, the current intermediate trend will be in upward direction.
• The intraday resistance levels for Nifty Futures are placed at 6020 & 6050 where as the intraday support levels are placed 5980 & 5930 respectively.

10th May: Initial indication of trend reversal below 5985

• Nifty Futures closed at 6049 which is 26 points lower than its previous close of 6075.
• Nifty Futures moved upwards in intraday but was not able to surpass 6100 mark forming intraday high at 6090.
• Still Nifty Futures is consistently closing above its previous day’s low for past 16 trading sessions keeping the momentum intact.
• Immediate resistance zone is placed between 6120 – 6130 where multiple resistances are seen on the charts.
• On the downside, 6030 and 5985 are the important support levels for intraday.
• Initial indication for trend reversal will be seen if Nifty Futures closes below 5985.
• The short term RSI is entered in extremely overbought territory indicating caution hence strict stop loss recommended for trading long positions.
• As long as Nifty trades below 6000 on weekly closing basis, the current intermediate trend will be in downward direction.
• The intraday resistance levels for Nifty Futures are placed at 6100 & 6130 where as the intraday support levels are placed 6030 & 5985 respectively.

9th May: Uptrend to test current year’s high of 6120 of Nifty Futures

• Nifty Futures closed at 6089 which is 39 points higher than its previous close of 6050.
• The intraday low of Nifty Futures was seen at 6025 but the strong momentum pulled the Nifty Futures 65 points up to 6090.
• Nifty Futures is approaching to its current year’s high of 6120 which is likely to act as resistance.
• A trend line connecting earlier highs of 6349 and 6120 is showing resistance at 6100, hence profit booking is recommended in trading long positions.
• On the downside, immediate support is placed between 6050 – 6000 if any intraday correction is seen.
• Nifty Futures has to maintain 5900 level to continue current uptrend.
• Breakdown of 5900 will trigger a corrective trend till 5750.
• The short term RSI is entered in extremely overbought territory indicating caution hence strict stop loss recommended for trading long positions.
• As long as Nifty trades below 6000 on weekly closing basis, the current intermediate trend will be in downward direction.
• The intraday resistance levels for Nifty Futures are placed at 6100 & 6130 where as the intraday support levels are placed 6050 & 6000 respectively.

17th April: Nifty Futures exhibit much awaited breakout above 5650

• Nifty Futures closed at 5696 which is 128 points higher than its previous close of 5568.
• Nifty Futures opened marginally lower at 5562 and rallied 137 points higher in intraday without much correction.
• A much awaited breakout is seen as Nifty Futures closed above 5650 showing a strong bullish candle on daily chart.
• Now, Nifty Futures is heading towards intermediate resistance zone of 5750 – 5775 where profit booking is recommended in trading long positions.
• As Nifty Futures is closed above 200 Days EMA placed at 5680, the current rally is likely to continue for next few trading sessions.
• On the downside, the earlier resistance of 5625 will act as a support if intraday fall is seen.
• Current rally is supported by strong trading volumes indicating testing of 5850 in next few days.
• As long as Nifty trades below 6000, the current intermediate trend will be in downward direction.
• The intraday resistance levels for Nifty are placed at 5730 & 5770 where as the intraday support levels are placed at 5650 & 5600 respectively.  

16th April: Nifty Futures refusing to surpass 5600

• Nifty Futures closed at 5568 which is 33 points higher than its previous close of 5535.
• Nifty Futures opened with 25 points downward price gap at 5510 and moved upwards to form intraday high at 5601.
• Near 5600, again profit booking was seen which dragged Nifty Futures 40 points lower to close near 5560.
• Nifty Futures needs to surpass intermediate resistance of 5620 to continue the bounce back for a target of 5700 – 5750.
• On the downside, 5500 – 5450 is strong support zone which will try to arrest if any slide in Nifty Futures is seen. .
• Breakdown of 5450 will create panic selling in the market with targets of 5370 and 5280.
• We recommend to avoid trading long positions as the intermediate trend is still in downward direction.
• As long as Nifty trades below 6000, the current intermediate trend will be in downward direction.
• The intraday resistance levels for Nifty are placed at 5600 & 5650 where as the intraday support levels are placed at 5510 & 5480 respectively.  

12th April: Nifty Futures likely to consolidate between 5650 & 5550

• Nifty Futures closed at 5595 which is 31 points higher than its previous close of 5564.
• Nifty Futures moved upwards but failed to cross 5620 and formed intraday high at 5618.
• A level of 5650 is showing multiple resistance on chart hence the consolidation is expected in Nifty Futures in the range of 5650 & 5550.
• On the downside, 5550 is strong support and Nifty Futures needs to stay above 5500 for continuing the current corrective uptrend.
• A previous weekly close was seen at 5572 and the current weekly close above this level will keep the hopes of bulls for rally in next week.
• The short term RSI on daily chart is cut the trigger line and is in buying mode suggesting continuation of corrective uptrend.
• Breakout of 5650 on closing basis will push Nifty Futures towards the next resistance level of 5750.
• As long as Nifty trades below 6000, the current intermediate trend will be in downward direction.
• The intraday resistance levels for Nifty are placed at 5620 & 5660 where as the intraday support levels are placed at 5560 & 5520 respectively.  

11th April: Nifty Futures heading towards 5650

• Nifty Futures closed at 5554 which is 53 points higher than its previous close of 5501.
• After consecutive negative 5 trading sessions, Nifty Futures have closed in a positive territory and showing signs of bounce back.
• Nifty Futures formed bottom at 5480 and 97 points rally was seen in intraday with high at 5577.
• Nifty Futures needs to maintain the level of 5500 and the upward breakout is placed at 5580.
• The immediate target for expected bounce back is placed in the range of 5630 & 5650.
• As per the reversal seen on ‘Timing Cycle Day’, the expected reversal will be confirmed above 5650 levels.
• The short term RSI on daily chart is just below the trigger line and buying signal will be generated after Nifty Futures closes above 5620.
• As long as Nifty trades below 6000, the current intermediate trend will be in downward direction.
• The intraday resistance levels for Nifty are placed at 5580 & 5620 where as the intraday support levels are placed at 5530 & 5480 respectively.  

9th April: 5500: Make or Break Level for Nifty Futures on closing basis

• Nifty Futures closed at 5559 which is 13 points lower than its previous close of 5572.
• Nifty Futures continued the downtrend in a narrow range trading and registered intraday low at 5550.
• Nifty Futures is refusing to turn upwards and trading below 5600 is indicating an inherent weakness in the market.
• The level of 5500 is having strong importance as a crucial support as this is the last defensive line for bulls.
• As per the timing cycle day, placed on 9^th and 10^th April, a reversal is expected which will be confirmed above 5650.
• But if Nifty Futures closes below 5500 then this will be a worrisome sign and sharp selloff will be seen.
• The short term RSI on daily chart is again turned downwards indicating breach of 5650 is necessary for confirming the reversal.
• As long as Nifty trades below 6000, the current intermediate trend will be in downward direction.
• The intraday resistance levels for Nifty are placed at 5600 & 5650 where as the intraday support levels are placed at 5530 & 5500 respectively.  

5th March: Weekly closing of Nifty Futures below 5676 likely to extend fall

• Nifty Futures closed at 5593 which is 95 points lower than its previous close of 5688.
• Nifty Futures opened with 30 points downward price gap at 5658 and tumbled down to close below crucial support level of 5600.
• Nifty Futures is in strong grip of bears and the downtrend is likely to continue with strong pace where its immediate targets are 5560 & 5520 levels respectively.
• On the higher side 5630 – 5640 is initial resistance zone if intraday bounce back is witnessed.
• The short selling positions can be initiated in the zone of 5630 – 5640 with the stop loss of 5700 and targets of 5560 & 5520 respectively.
• The previous weekly close was seen at 5676 and the current weekly close below this level is likely to extend the fall in next week.
• The RSI on daily chart has again turned downward from oversold territory and indicated selling signal on the charts.
• As long as Nifty trades below 5850, the current intermediate trend will be in downward direction.
• The intraday resistance levels for Nifty are placed at 5640 & 5680 where as the intraday support levels are placed at 5560 & 5520 respectively.  

4th April: Crucial Support 5600 for Nifty Futures

• Nifty Futures closed at 5688 which is 79 points lower than its previous close of 5767.
• Nifty Futures opened with 21 points downward price gap at 5746 and tried to move higher in the morning session.
• Nifty Futures formed intraday high at 5763 and a sharp fall was witnessed of nearly 100 points to touch the bottom at 5666.
• Nifty Futures also filled the price gap between 5696 & 5684 seen on the daily chart in the beginning of this month and the closing was also seen below this level.
• Now the immediate support zone is placed at 5650 – 5600 where the current downtrend is expected to halt and sideways movement may be seen.
• Only after breaching 5600 mark on closing basis, the intermediate downtrend is likely to continue.
• On the higher side, 5710 – 5730, may provide strong resistance if bounce back is witnessed.
• As long as Nifty trades below 6000, the current intermediate trend will be in downward direction.
• The intraday resistance levels for Nifty are placed at 5720 & 5770 where as the intraday support levels are placed at 5650 & 5600 respectively.

3rd April: Book trading profits near 5800

• Nifty Futures closed at 5767 which is 40 points higher than its previous close of 5727.
• Nifty Futures tested and closed above the initial target of 5760 forming intraday high at 5773.
• We recommend to book profits in trading long positions near 5800 as this is 50% retracement resistance of the earlier fall.
• On the downside, the 200 Days EMA at 5690 is likely to provide strong support which can be used for reinitiate trading long positions.
• The volumes are on lower side in this uptrend suggesting its corrective nature and just a bounce back of previous fall.
• A sideways movement may be seen between 5800 & 5700 for next few trading sessions.
• Only in case of closing above 5800, Nifty Futures is likely to move up towards the price gap zone of 5860.
• Nifty Futures needs to hold 5600 level for continuing the current bounce back.
• As long as Nifty trades below 6000, the current intermediate trend will be in downward direction.
• The intraday resistance levels for Nifty are placed at 5800 & 5860 where as the intraday support levels are placed at 5730 & 5690 respectively.  

2nd April: Nifty Futures heading towards initial resistance of 5760

• Nifty Futures closed at 5727 which is 13 points higher than its previous close of 5714.
• Nifty Futures extended the gains for the 2^nd consecutive day and formed intraday high at 5743.
• After 5 trading sessions, Nifty Futures managed to close above 200 Days EMA placed at 5690 and now moving towards the initial resistance of 5760.
• If Nifty Futures is able to close above 5760 then the crucial resistance and 50% retracement level at 5800 is likely to halt the current bounce back.
• Now, the zone of 5690 – 5670 is likely to provide a strong support if any downtrend is seen in intraday.
• The short term RSI on daily chart is at the verge of cutting the trigger line in upward direction and suggesting 5800 to be tested soon.
• Nifty Futures needs to hold 5600 level for continuing the current bounce back.
• As long as Nifty trades below 6000, the current intermediate trend will be in downward direction.
• The intraday resistance levels for Nifty are placed at 5760 & 5800 where as the intraday support levels are placed at 5700 & 5650 respectively.  

26th March: 5550: Intermediate Trend Reversal for Nifty Futures

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• Nifty Futures closed at 5645 which is 23 points lower than its previous close of 5668.
• Nifty Futures opened 32 points higher at 5700 but was not able to move above 5720 and day’s low was seen at 5634.
• The zone of 5600 – 5550 is a support zone for Nifty Futures where current downtrend may be halted.
• The expected bounce back will face strong resistance between 5750 & 5800.
• But if Nifty Futures is unable to sustain 5550 on closing basis then intermediate trend reversal will be seen with a sharp sell off in the market.
• The immediate important levels to watch for Nifty Futures are 5720 as resistance and 5600 as a support.
• Next timing cycle day is placed on 26^th March which will help to confirm trend direction.
• As long as Nifty trades below 6000, the current intermediate trend will be in downward direction.
• The intraday resistance levels for Nifty are placed at 5720 & 5770 where as the intraday support levels are placed at 5600 & 5550 respectively.  

20th March: Closing below 5800 indicates high probability of free fall in Nifty Futures

• Nifty Futures closed at 5752 which is 43 points lower than its previous close of 5851.
• Nifty Futures lost 134 points in intraday from the high of 5870 and the bottom was seen at 5737.
• The closing below 5800 in Nifty Futures is making it vulnerable for continuation of the current downtrend.
• Nifty Futures is likely test the immediate bottom of 5680 and any gap down fall below this level is a strong bearish signal on the chart.
• At the same time, if Nifty Futures holds 5650 then a counter trend may be seen up to 5900.
• The immediate resistance for Nifty Futures is placed near 5800 where again selling pressure may be seen.
• Next timing cycle day is placed on 25^th / 26^th March which will help to confirm trend direction.
• As long as Nifty trades below 6000, the current intermediate trend will be in downward direction.
• The intraday resistance levels for Nifty are placed at 5790 & 5830 where as the intraday support levels are placed at 5700 & 5650 respectively.