Daily P&F setup -30 May 2018

Nifty

For Intra-day (Nifty future )

• Trend: Bearish
• Intra Anchor point levels: Sustenance above 10660 will be bullish, Sustenance below 10600 will be bearish.
• Bullish count:  10730 , 10780
• Bearish count:  10540 , 10500

 

• Setup: Bullish
• Breadth: 66 (Neutral)
• Trend Reversal level : 10545 (Setup will become Neutral below this )

Recommended strategy for the trading in stocks:

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


For Intra-day ( Bank Nifty future )

 

• Trend: Bearish
• Intra Anchor point levels: Sustenance above 26180 will be bullish, Sustenance below 26160 will be bearish.
• Bullish count: 26250 , 26350
• Bearish count:  26020 , 25980

• Setup: Bullish
• Breadth: 83 (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)

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