Wednesday, September 18, 2013

Pre-Market View

Yesterday was NR4/NR7/NR14 day 
Normally range expansion happens the next day or next to next day.  Considering the events lined up today may be one more day of consolidation and range expansion may happen tomorrow.  Better trading opportunity may emerge tomorrow. Buy on dips market till 5800 is broken decisively.

Nifty Future
Nifty future spike high 6029 should be attempted soon else market may fall.

T3              5935-45 Selling Zone
T2              5923 Selling Zone
T1              5909 Selling Zone

Buy above 5857-61(Also all dips towards it)
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Sell Below 5854

T1              5825-30  Buying Zone

Exit all longs if keeps trading below it.

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Bank Nifty Future

T3             10560-80
T3             10500
T2             10450-70
T1             10330-50

Buy above/ holding 10200-220

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Sell Below 10150

T1              10000 Buying Zone
T2               9850  Buying zone

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