Index 60905 and Nifty Future 18064 important resistance surface

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Chart Indication - Ashok Trivedi

The BSE index (close 60682.70 on 10-02-23) is soft from a top of 63583.06. Currently, the 12-day average is 60387.09, the 48-day average is 60593.29, and the 200-day average is 59050.67. The daily MACD is bullish. Weekly MACD is bearish. Overbought on a daily basis, neutral on a weekly basis and from overbought to neutral on a monthly basis. Above 61266 above 60905, 61392 is considered an important resistance level. Above which the possibility of 61725, 61980. 60140 below 60140 59215, 58816, 58699 are considered support in low.

ABB (closing price Rs.3166.30 on 10-02-23) is bullish from a bottom of 2752.50. Currently the 12 day average is 2945.94 and 48 day average is 2909.66 and 200 day average is 2769.86. Daily MACD is bullish. Daily MACD is bearish. An overbought position on a daily basis indicates a neutral position on a weekly basis and an oversold position on a monthly basis. Possibility of 3171 above 3194, 3244, 3292. 3043 below 3093, 3009 is considered support.

Alchem ​​(closing price Rs.3292.70 on 10-02-23) is bullish from 2980 bottom. Currently, the 12-day average is 3090.92, the 48-day average is 3069.64, and the 200-day average is 3135.65. Daily and weekly MACD are bullish. Overbought on a daily basis, neutral on a weekly basis and oversold on a monthly basis shows the position. Above 3350, if it rises above 3400, 3440 is possible. 3143 is considered support below 3194 in the low.

Dal Bharat (closing price Rs.1939.35 on 10-02-23) is in favor of correction from the bottom of 1672. Currently 12 day average is 1847.29 and 48 day average is 1819.06 and 200 day average is 1694.23. Daily and weekly MACD are bullish. Overbought on daily basis, towards overbought on weekly basis and overbought position on monthly basis. Above 1945 above 1947, 1963 is considered an important level. On top of which the possibility till 2030. Below 1895, 1875, 1865 is considered support.

Havells (closing price Rs.1200.95 on 10-02-23) is bullish from a bottom of 1133.76. Currently 12 day average is 1201.89 and 48 day average is 1187.88 and 200 day average is 1213.36. Daily and weekly MACD are bullish. Overbought on a daily and weekly basis as well as an overbought to neutral position on a monthly basis. Above 1211, 1235, 1243 above 1259 and 1267 are considered important levels. Which is possible up to 1283. Below 1196, 1188 is considered support.

HDFC AMC (closing price Rs.1926.40 on 10-02-23) is soft with a top of 2227.95. Currently, the 12-day average is 1930.37, the 48-day average is 2042.80, and the 200-day average is 2095.54. Daily and weekly MACD are bearish. Overbought on a daily basis, oversold on a weekly basis and oversold on a monthly basis indicate positions. Above 1252 Kudave can go till 1958, 1987. If 1892 breaks below 1905, then 1885, 1861, 1836 are important levels.

Adani Enterprises (closing price Rs.1846.95 on 10-02-23) is soft from the top of 4190. Currently, the 12-day average is 2294.65, the 48-day average is 3158.69, and the 200-day average is 3040.76. Daily and weekly MACD are bearish. It shows neutral position on daily basis, oversold on weekly basis and overbought to neutral position on monthly basis. 2168 above and 2252 above 2281, 2408, 2536, 2633 possible. 1731 below 1643, 1389, 1261, 1135, 1017, then 988 is possible.

Bank Nifty futures (close 41645.00 on 10-02-23) is bearish from a top of 44248.55. Currently, the 12 day average is 41600.54 and the 48 day average is 42076.76 and the 200 day average is 40004.25. Daily and weekly MACD are bearish. An overbought position on a daily basis indicates a position towards neutral on a weekly basis and an overbought position on a monthly basis. Above 41921, 42251, 42560, 42775 are important resistance levels. 41242, 40766, 39718 are considered support in low.

Nifty futures (closing price 10870.00 on 10-02-23) is bearish from a top of 18998.15. Currently 12 day average is 17872.37 and 48 day average is 18027.90 and 200 day average is 17604.96. The daily MACD is bullish. Weekly MACD is bearish. Overbought on a daily basis, to neutral on a weekly basis and from overbought to neutral on a monthly basis. Above, 18020 above 17974, 18160 above 18063, 18218, 18228, 18374 are important resistance levels. 17703 below 17600, 17462 below 17320 is possible.

Sayonara

As soon as you approach the shore and turn back, the happy behavior seems like the waves of the sea.

Dr. Margi Doshi


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