Thursday, September 19, 2013

Pre-Market Nifty & Bank Nifty - Heading towards stiff resistance zone 6000-6100(Nify) & 11000-11200 (Bank Nifty)

Nifty Future

Target 3                  6020-40  (Sell Zone)
Target 2                  5985  (Stiff resistance / Sell Zone)
Target 1                  5960 (more Strength above this)
Lot of Resistance   5920 - 5945  (May support if gapped up)

Buy on all dips towards 5900 and close longs if starts trading below it

Nifty Spot has trendline stiff resistance at around 5980-90 zone and strong fibo/Gann resistance at 6007/12.
________________________________________________________________

Sell Near  6020-40
Target1     5980-90  (Sell here, if unable to cross)
Target2     5960-65  (Sell here, if unable to cross)
Target3     5945
Target4     5920

Nifty Spot will provide support near 5910-15 for today 

________________________________________________________________

Bank Nifty Future

Target 3                 10900-11000   (Sell Zone)
Target 2                 10720-60  (Stiff resistance / Sell Zone)
Target 1                 10540-60 (more Strength above this)
Lot of Resistance  10460 - 10490  (May support if gapped up)

Buy on all dips towards 10330-60 and close longs if starts trading below it

Bank Nifty Spot has and strong fibo resistance at  10860-10900.
________________________________________________________________

Sell Near  10900 - 11000
Target1     10730-60  (Sell here, if unable to cross)
Target2     10540-60        (Sell here, if unable to cross)
Target3     10460-10490
Target4     10330-60

Bank Nifty Spot will provide support near 10300 for today


No comments:

Post a Comment