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Daily P&F setup -29 May 2018
  • : May 28, 2018
  • : Definedge Research

Nifty

For Intra-day (Nifty future )

p
 
  • Trend: Bullish
  • Intra Anchor point levels: Sustenance above 10685 will be bullish, Sustenance below 10675 will be bearish.
  • Bullish count:  10710 , 10735 , 10750
  • Bearish count:  10645 , 10610

For Medium-term (Nifty spot)

Last closing price Nifty  : 10688.70

 
p
 
  • Setup: Bullish
  • Breadth: 62 (Neutral)
  • Trend Reversal level : 10490 (Setup will become Bullish above this )

Recommended strategy for the trading in stocks:

Price Setup is bullish Hence look for bullish trading opportunity and appy trend riding strategy
 
p


For Intra-day ( Bank Nifty future )

p

  • Trend: Bullish
  • Intra Anchor point levels: Sustenance above 26540 will be bullish, Sustenance below 26520 will be bearish.
  • Bullish count:  26720 , 26760
  • Bearish count:  26480 , 26440 ,26340

BankNifty
Last closing price : 26614.20

For Medium-term

p

  • Setup: Bullish
  • Breadth: 91 (Over bought)
  • Trend Reversal level : 25675 (Setup will become Neutral below this)

Recommended strategy for the trading in stocks:

Price Setup is bullish but breadth is in Overbought zone. Apply aggressive profit booking strategy for short-term trades.

Sectors:

Outperforming  & Underperforming sectors (based on RS Ranking Matrix)

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Chart Parameters:

  • Nifty dly 0.10% x 3 P&F chart 
  • Nifty future Intraday  5 x 1 P&F chart 
  • Banknifty dly 0.15% x 3 P&F chart 
  • Banknifty future Intraday  10 x 1 P&F chart 
  • 10 column moving average on closing basis
  • ​Nifty 50 1% x 3 P&F X-percent breadth indicator
Above levels are shown as per P&F Setup rules. Click here to read P&F Setup rules.

One can read historical Daily Setup here