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Nifty Future and Banknifty Future Monthly Support,Resistance Levels.

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Nifty Future Technical Analysis For Monthly Trading(29-OCT-2017 to 26-OCT-2017):

As per Daily Volatality Calculation Nifty Future and Banknifty Future October Contract Fibonacci Retracement levels acts like a Support and Resistance levels.

As per Daily Volatality Nifty Future  October Contract Range 362.46 points.

As per Daily Volatality Nifty Future October Contract Fibonacci Retracement BULL ZONE entry level 23.6% is 9872.54.

As per Daily Volatality October Contract Nifty Future Maximum Upside(Bull Zone) Possible Fibonacci Retracement level (100%) is 10149.46. If Nifty Future Reached 100%(10149.46) Fibonacci Retracement level, Profit booking is possible from at this Level(10149.46). If enter above this level more Bullish for October Contract.

As per Daily Volatality October Contract Nifty Future Fibonacci Retracement BEAR ZONE entry level is 9701.46.

As per Daily Volatality  October Contract Nifty Future Maximum Downside(Bear Zone) Possible Fibonacci Retracement level (100%) is 9424.54. If Nifty Future Reached 100%(9424.54) Fibonacci Retracement level, Short Covering is possible from at this Level(9424.54). If enter below this level more Bearish for October Contract.

Nifty Future On 28SEP2017 October Contract Close Price 9787  Crucial for  Bulls This Month(October Contract).

 

Banknifty Future Technical Analysis For Monthly Trading(29-OCT-2017 to 26-OCT-2017):

As per Daily Volatality Banknifty Future October Contract Range 1030.06 points.

As per Daily Volatality Banknifty Future October Contract Fibonacci Retracement BULLZONE entry level 23.6% is 24275.64

As per Daily Volatality October Contract Banknifty Future Maximum Upside(Bull Zone) Possible Fibonacci Retracement level (100%) is 25062.61. If Banknifty Future reached 100%(25062.61) Fibonacci Retracement Level, Profit booking is possible from at this Level(25062.61). If enter above this Level more Bullish for October Contract.

As per Daily Volatality Banknifty Future October Contract Fibonacci Retracement BEARZONE entry level 23.6% is 23789.46.

As per Daily Volatality October Contract Banknifty Future Maximum Downside(Bear Zone) Possible Fibonacci Retracement level (100%) is 23002.49. If Banknifty Future reached 100%(23002.49) Fibonacci Retracement Level, Short Covering is possible from at this Level(23002.49). If enter below this level more Bearish for October Contract.

Banknifty Future On 28SEP2017 October Contract Close Price 24032.55  Crucial for Bulls This Month(October Contract).

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