The HourGlass Study of the #nifty futures for 10th&11thsep
the 10th and 11th September of the NIfty ... bearing in mind 9/11 or 11/9 whichever whatever
הערה
11444 again probed ... to see if it has the legs or the wheels come offהערה
CLOSE ABV 11444 SHOULD BODE WELL LEVELS OF REFERENCE NOW 11353 AND 11511 EITHER SIDEהערה
Also the structure suggests that there might be some policy news or nifty heavy constituent news that might arrive before the market opens on Monday.. this though is a projection on the chart structure and not dependent on study ..
הערה
opening gap up with nifty spot signaling an open abv 11525.. 11555 needs to be observed if taken out and if finding support from the world over we are looking at 11600 -11666 as the top of the range on the upside 9:10 14/9/20הערה
11393 11404 needs to hold for the move again to reference point of 11444 and then the levels of yesterday's support which would act as the resistance across the day.הערה
opening at the areas of 11484 first would be the supply imho that would bring the niftyd own to 11390 and then then upove if it has to come .. might be totally wrong trying to project the initial balance levelsהערה
level of significance on the upside is 11560 if us closes strong we shall look to take it out with a gap and then the massive supply zones from the previous structures dating back to march 11 and forward....הערה
Sep 14th objectives of 11600-666 zones achieved refer comment abovealso zones till 11786 and 11811 -11818 open up
הערה
weekly close less than 11600 so confusion and choppyness to remain the geo political scenarios and other various news would again hold sway for the monthly expiry.. if this has been a forced attempt by the bears to keep nifty below 11600 , the global mkts esp the Nasadq supported it ... now to see as to how 21st September opens upהערה
opening on monday as bad as bad can be followed bu amt finding auctions significantly below previous day prices .. all in all shaving of around 300 + pointsהערה
much braoder range opened up for the October series 10555-551 11011 being kept point of obesrvational range for the first two weeks .עסקה פעילה
smaller tf and locals shall scoot below 15756 below 15756 zomes of importance are 15600 and 15507. northside a close abv 15921 would establish the bulls with renewed vigor for objectives of 16200 in the short to midterm
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