From : Alex R at 11:39 PM - Oct 06, 2017 ( )
@Niranjan Batchu Ji,
Thx for writing here but strange as well for me since i m not good at chart readings. Only a few things i can suggest as per below chart (Daily). I am not convinced with todays rally, may be i m totally wrong. Its a created bubble trap to convince investors that major reforms by Govt are on the way. So positive today. Monday opening or by 11 am may even see 10025 (Spot) but EOD will be more painful followed till expiry (9500 spot).
Reason:- Todays close sits @ 61.8% fib which is usually crucial level of reversals.
MACD not yet made made cut off and for me its main base i consider in my trades.
10025-35 spot is the trendline resistance level. So these 3 making me worried for Monday close.
But above all, i dont trade on the the historical data anymore. I only trade on live feed and pure Futures price whatever may be happening as per my charts only intraday. So take above only as precautionary referral