Thursday, September 26, 2013

Pre-Market View

Market Bias should be positive by the end of Day as Market may have hit short term bottom - May have high fluctuations and good pullback by EOD like yesterday

Nifty Spot - 5871 is the trend decider today

Nifty Future 

Target5                                                5975-85  (Stiff Resistance/ Sell zone)
Target3                                                5950-60  (Stiff Resistance/ Sell zone)
Target2                                                5930-40  (Stiff Resistance/ Sell zone)
Target1                                               5910-20      

Strength above /Weak below           5880  Buy above or Holding this level or all dips to this 

Target 1                                           5835-45    (Big Support / Buying zone / Sell below)
Target 2                                           5800        (Big Support / Buying zone / Sell below)


Exit all longs below this level if price sustaining below this level


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Bank Nifty Spot - 9982 is the trend decider today

BankNifty Future 

Target3                                               10750-10800  (Resistance zone)
Target2                                               10330-10400  (Resistance zone)
Target1                                               10200-10260 

Strength above /Weak below          10080-10120  

Target 1                                             9850-9900         (Big Support Buying zone)
Target 2                                             9600         (Bigger Support Buying zone)


Exit all longs below this level if price sustaining below this level

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