Index 56243 and Nifty Future 16754 important resistance levels
The BSE Index (closed at 80.30 on 11-08-2) is in favor of a reactionary correction from the bottom of 20.8. At present, the average for 15 days is 4.5 and for 5 days it is 3191.5 and for 200 days it is 8.30. Daily and weekly MACDs are soft. Shows position towards overboat on daily basis, oversold on weekly basis as well as oversold on monthly basis. If you jump 2 above, chances are up to 200, 40, 505, 50, 60. If the support of માં is broken at the bottom, ાય is considered an important surface.
Colgate (closing price of Rs. 19.30 on 11-09-2) is in favor of reactionary improvement from the bottom of 18. At present the average for 15 days is 121.5 and for 13 days it is 13.50 and for 200 days it is 1211.81. Daily and weekly MACDs are soft. Shows overboat positions on a daily basis, neutral on a weekly basis and overboat positions on a monthly basis. If 1211 jumps above 1500, the probability is up to 1917, 18, 190. Below 151 counts below 12 support.
Tata Chemicals (closing price of Rs. 3.3 dated 11-06-9) is in favor of reactionary improvement from the bottom of 31. At present, the average for 15 days is 6.15 and for 8 days it is 206.5 and for 200 days it is 4.5. The daily MACD is pro-reform. Weekly MACD is pro softness. Overboats on a daily basis show a position towards neutral on a weekly basis as well as oversold on a monthly basis. Possibility of up to 2, 3, 4 above. The bottom 6 counts as the bottom 21 support.
Tata Motors (closing price of Rs. 219.15 on 11-08-2) is in favor of a reactionary improvement of the bottom of 7.5. At present the average for 15 days is 21.7 and for 8 days it is 8.31 and for 200 days it is 313.50. Daily and weekly MACDs are soft. Shows the position of Neutral on a daily basis, Oversold on a weekly basis and Overboat to Neutral on a monthly basis. Possibility of up to 5, 6, 7, 20 if you jump 2 above. Below 202, 206, 2, 3 counts as support.
Tata Steel (closing price of Rs. 1201.30 on 11-08-2) is in favor of reactionary correction from the bottom of 1031.30. At present, the average for 15 days is 12.5 and for 3 days it is 1201.5 and for 200 days it is 1160.21. Daily and weekly MACD is pro-reform. Shows positions from overboat to neutral on a daily basis, to overboat on a weekly basis and to neutral on a monthly basis. Possibility of jumping up to 1917, 15, 15, 16. The bottom 12 counts as 12, the bottom 12 as support.
Tech Mahendra (closing price Rs. 12.50 on 11-08-2) is in favor of reactionary improvement from the bottom of 120. At present, the average for 15 days is 12.5 and for 12 days it is 12.5 and for 200 days it is 121.5. The daily MACD is pro-reform. Weekly MACD is pro softness. Shows overboat on daily basis, neutral on weekly basis and oversold position on monthly basis. If you jump 12 on top of 12, chances are up to 12, 15. The bottom 12 counts as 150 support.
Reliance (closing price of Rs. 3.15 on 11-08-2) shows a reactionary improvement from the bottom of 216.5. At present, the average for 15 days is 4.5 and for 8 days it is 4.5 and for 200 days it is 4.5. Daily and weekly MACDs are soft. Shows the position towards neutral on daily and weekly basis as well as oversold on monthly basis. If 214 jumps above, the probability is up to 20, 2, 3, 500. Below 50 counts below 50 support.
Bank Nifty Futures (Closed 303.00 on 11-03-2) is in favor of a reactionary correction from the bottom of 31.8. At present, the average for 15 days is 206.5 and for 8 days it is 8.05 and for 200 days it is 313.5. Daily and weekly MACDs are soft. Shows neutral on a daily basis, oversold on a weekly basis as well as oversold on a monthly basis. If you jump 2 above, chances are up to 200, 2020, 20, 206. Possibility of 203, 203 below 314.
Nifty Futures (closed at 12.30 on 11-08-2) is in favor of a reactionary correction of the bottom of the 12.5. At present, the average for 15 days is 12.31 and for 4 days it is 12061.18 and for 200 days it is 1208.18. Daily and weekly MACDs are soft. Shows position towards overboat on daily basis, oversold on weekly basis as well as oversold on monthly basis. If you jump 12 above, chances are up to 12, 12000, 1905. If he jumps from 1905, he can come up to 19130, 19. If the bottom 12 breaks down to 12 then the probability up to 1910, 120.
Sayonara
There is no such thing as a promise
- Patient
Chart signal-Ashok Trivedi
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