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Daily P&F setup -30 May 2018
  • : May 29, 2018
  • : Definedge Research

Nifty

For Intra-day (Nifty future )

P
 
  • 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

For Medium-term (Nifty spot)

Last closing price Nifty  : 10633.30

 
p
 
  • 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
 
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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

BankNifty
Last closing price : 26254.80

For Medium-term

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  • 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)

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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