Intra Update

Both Nifty and Bank Nifty got Support at the mentioned levels and now at the mentioned resistance level.

Nifty Intraday

                                                               6400+ is the 1st Target soon

Probable Neowave Count for Nifty

     6252 Plus closing holding will be good for Nifty watch out on or after 3 days.
    Caution needed at Higher levels especially near the all time highs.

Pre-Market Levels for Nifty and Bank Nifty Near Month Future for 31/10/2013

A ranged and lacklusture trading day expected due to Overbaught Nature of the Market and good move may come on Friday and Muhurat Trading day

Nifty Future Near Month

6321-6330    Strong Resistance
6262-6303    Stiff Resistance
6232-6253    Consolidation Area
6198-6225    Previous Resistance Turned Support Zone
6169-6191    Buy Zone


Bank Nifty Future Near Month

10620-10700   Strong Resistance

10350-10400   Stiff Resistance

11272              Strong above / Weak below

11160-11215  Support / Weak Below

10850-10980  Buy Zone

Sensex Now inching closer to all time high

CLAP CLAP Sensex nearing all time High 21207

Nifty Target as par time theory

6400 or nearby expected in next 2 days as par time theory

Intra Update Nifty Spot

As Suspected one more down leg seems pending. Any dips close to 6200 should be baught

Nifty Spot Update

Previous 3 important tops will be the resistances and targets 6284.1,  6338.5 and 6357.1

Nifty Spot Update

Targeting 5400 Approx soon!

Bank Nifty Update

Above 11350 Bank Nifty Likely to Target 11800-12000 very soon.

Pre-Market Levels - Nifty and Bank Nifty Future (Near Month) for 30/10/2013

Nifty Future Near Month

6296-6300     Stiff Resistance
6265-6272     Sell Zone / Buy above
6235-6241     Resistance / Sell Zone
6216              Weakness Below
6202              Key
6189-6194    Strong Support / Sell More Below
6167-6179    Good Support
6156-6163    Support
6140-6148    Strong Buy zone
6122-6127    Go Long / Sell Below
6081-6102    Support / Buy More
6047              Blind Buy


Bank Nifty Future Near Month

11350                Sell Zone
11262-11300    Sell Zone / Buy above
11150-11180    Support
11000               Sell Below
10760-10800   Buy Zone / Sel Below
10700              Good Support
10450              Blind Buy

Intraday Post

Exit longs by EOD or here. We are at 80% Retracement level.

Intra Update

Any dips to 6167-6185 Nifty Future may be bought for this up-move. which looks strong

Sharp rally was due

As suggested in the Morning,  Nifty was oversold and this sharp rally was expected.

Intra Update

Nifty has given the next level 6200-6215 above 6170 too.

Nifty Future Intra-day

Caution with longs. We are into sell Zone.  Part Booking advised.

Intra-Post

Above 6146 Nifty Future has given 6170

Intra Update

Signal has been buy on dips and sell on rises. So any important Resistance level may invite sudden selling.

 If 6146 is not taken out market may make another lower low / revisit the lows.

Nifty Future Update

Nifty Future sustaining above 6146 will give 6170

                                and

Sustaining above 6170 will give 6200-6215 (Sell Zone)

Intraday Post

Nifty Spot Longs may be booked between 6170-6185 or close to 6200  for re-buying at lower levels i.e may be 20-40 points lower.

Untrday Update

Some entertainment and the event is over.  Next Global clue is FED policy in next 2 days. Market looks steady and holding important support levels for the time being.

Weakness will begin sustaining below 6115  only.

Intraday Update

Banknifty Future Maintaining Weakness below 10700-10750 range.

Nifty Future close to 6020-40 is good buy and long above 6116 otherwise.

Nifty Spot Update

6074 - 6116 Nifty Spot is the Breakdown/ Breakout Range.

Morning Update, 29/10/2013

Nifty is Getting Oversold Short Term and may pull back sharply too. RBI policy day.

Pre-Market Levels for Nifty and Bank Nifty Future 29/10/2013

Nifty Near Month Future (Near Month)

6202            - Stiff Resistance
6172-6181   - Resistance
6135-6152   - Resistance / Sell Zone / Buy Above
6122            - Strength Above
6115             - Key Number / Buy Above / Sell Below
6070-6076   - Support
6040-6046    - Strong Support / Buy Zone
6007             - Support


Bank Nifty Future (Near Month)

11026              - Resistance
10900-10930  - Stiff Resistance
10841-10887  - Resistance
10769-10818  - Strength Above
10700             - Support
10440-10500  - Support
10300-10370  - Strong Support

Nifty Daily Chart

   d - leg may take 8 - 15 days or more

Nifty EOD Update

    c-leg Looks Complete ?

Bank Nifty Developing Monthly Market (Volume) Profile as on EOD, 28th Oct, 2013

   Bank Nifty looking weak and below 10750 it may Target 10200-10300 as well

Banknifty Weekly Volume Profile EOD 28/10/2013

     Bank Nifty Looking Weak and below 10700 it may target 10500

Nfity Spot Update

Strong Above 6126 and weak below 6116. Tomorrow may give the right opportunity to initiate longs.

Nifty Developing Monthly Market (Volume) Profile as on 2.18 P.M 28th Oct, 2013

Nifty Spot Update

Close below or sustaining below 6116 may invite more selling.

Nifty Spot Important Levels as on 1.23 P.M 28th Nov, 2013, based on OI Data

Nifty Update

Nifty is getting Oversold on very short term a good bounce may be expected soon. There is no real weakness as yet just passing time for the big event.

Pre-Market Levels Nifty, Bank Nifty Spot & Near Month Futures - Reposted

Nifty has signalled buy in Dips & Sell on Rises.  Caution with Bank Nifty. RBI policy Week.

Nifty Spot

6285             - Sell Zone
6250             - Resistance
6220-6226   - Strong Resistance
6189-6200   - Resistance
6169-6176   - Key Resistance  / Sell Zone / Buy More Above
6152-6161   - Resistance / Buy Above
6105            - Support / Buy Zone / Sell Below
6070            - Support Buy Zone

Nifty Future

6250-6266         - Resistance / Sell Zone
6215-6226         - Grinder
6190                  - Getting Stronger above
6177-6181         - Key Zone / Stiff Resistance / May Support if Crossed
6148                  - Weak below / Sell below
6110-6115         - Support
6075-6082        - Support / Buy Zone
6042                  - Buy Zone

Bank Nifty Spot

11400-11500      - Sell Zone
11300                  - Resistance
11000-11100      - Resistance / Key Zone
10882-10940      - Support / Resistance
10700/10750      - Good Support
10500-10600      - Strong Support
10300                 -  Buy Zone

Bank Nifty Future

10600-11700     - Stiff Resistance
11200-11300     - Resistance
11000-11050     - Key Resistance / Strong Above
10800-10900     - Support / Resistance
10700                - Weak Below
10450-10550     - Support
10350-10380     - Very Good Support

OI Chart as on 12.22 P.M Intraday 28th Oct, 2013

OI Data Analysis

6000 and 6100 Supports strengthening

6200 and  6300 Resistance Building

Speculation in 5800 and 6400

OI Chart Nifty Future

Nifty Future Volume Profile Chart - Week

Data Structure of Nifty Future as par Market (Volume) Profile

Weakness below 6145 and strength above 6169 Nifty Future

Nifty Future Call

Enter Long at 6148 & Also at 6135 Target1  6179, Target2 6190, Target3 6215-6226 SL 6125

Time Theory

In-between 12 P.M - 2 P.M the directional move may start.

Intra Update Nifty Future

Nifty Future Backed off from the Key Resistance Zone / Stiff Resistance Zone and has made a high of 6181.

USDINR Near Month Future

USDINR For the Week


63.15-63.25 Stiff Resistance
62.70-62.85 Strength Above
62.30       Buy More Above
62.10-62.20 Stiff Resistance / Sell Zone
61.9        Good Resistance
61.7        Sell Zone
61.5-61.56  Strong Above
61.20       Buy Above
60.95       Weak Below
59.75       Support
57.80       Strong Support

Pre-Market Levels Nifty, Bank Nifty Spot & Near Month Futures

Nifty has signalled buy in Dips & Sell on Rises.  Caution with Bank Nifty. RBI policy Week.

Nifty Spot

6285             - Sell Zone
6250             - Resistance
6220-6226   - Strong Resistance
6189-6200   - Resistance
6169-6176   - Key Resistance  / Sell Zone / Buy More Above
6152-6161   - Resistance / Buy Above
6105            - Support / Buy Zone / Sell Below
6070            - Support Buy Zone

Nifty Future

6250-6266         - Resistance / Sell Zone
6215-6226         - Grinder
6190                  - Getting Stronger above
6177-6181         - Key Zone / Stiff Resistance / May Support if Crossed
6148                  - Weak below / Sell below
6110-6115         - Support
6075-6082        - Support / Buy Zone
6042                  - Buy Zone

Bank Nifty Spot

11400-11500      - Sell Zone
11300                  - Resistance
11000-11100      - Resistance / Key Zone
10882-10940      - Support / Resistance
10700/10750      - Good Support
10500-10600      - Strong Support
10300                 -  Buy Zone

Bank Nifty Future

10600-11700     - Stiff Resistance
11200-11300     - Resistance
11000-11050     - Key Resistance / Strong Above
10800-10900     - Support / Resistance
10700                - Weak Below
10450-10550     - Support
10350-10380     - Very Good Support

Nifty EOD 25/10/2013 Intraday Chart

Nifty Future

Buy 50% Longs in Nifty Future here again @CMP 6150

Nifty Spot View

Nifty Spot Close above 6165 will be positive

Nifty Future Update

Nifty Future Stop Loss may be upped to 6155.  Book 25% More Longs here @Cmp 6168

Nifty Spot Update

Present High made by Spot Nifty at 6174.75 Crucial for more up-move for the day.

Nifty Future Update

Book Remaining longs near 6200/6220 Nifty Future, if it reaches there today.

Nifty Future Update

Book 50% Longs taken at 6135 Nifty Future here at 6182 CMP

Nifty Intraday 25th Oct, 2013

                 If  Nifty Spot Moves Past 6230 / or breaks 6125.95  Lebelling might require changes

Nifty Spot Update

Buy 50% longs here at Nifty Future @6135 CMP

Nifty Future Call

SHORT @ 6138   S/L 6162 Target 1  6120 /  Target 2  6100

LONG @ 6164     S/L 6140 Target 1  6180 /  Target 2  6202

Intraday

We have exited the Nifty Future Balance Longs @6160

Opening Call

Pre-open is 5154.

Max downside for the present 5 wave down (?)  move may be 6118-6120 and it is also possible if 6142.95 is held that we have already completed a 5 down (?) yesterday.  We have to  look for the pull back of

6252.45 - 6142.95 in that case.

Pre-Market Levels, Nifty and Bank Nifty for 25th Oct, 2013

Nifty Spot

6236       Sell Zone
6226       Key
6196-6200  Huge Resistance / Sell Zone
6176-6183  Resistance
6134-6146  Support / Buy ZOne / Sell Below
6117-6121  Support
6077-6081  Good Support

Nifty Future Near Month

6250-6253      Sell ZOne
6234-6236      Sell Zone
6210-6220      Stiff Resistance
6180-6183      Important
6147-6149      Support
6132                Sell Below
6112-6124      Support/ Sell below
6076-6081      Support
6041-6046      Strong Support / Buy Zone

Bank Nifty Spot

11351              Resistance / Sell Zone
11132              Resistance
11022-11068   Key
10972              Sell Zone / Buy Above
10736-10867  Support
10622              Support
10377-10454  Strong Support / Sell Below

Bank Nifty Future Near Month

11246        Sell zone
11071        Key
10948        Buy Above
10751-10900  Various Supports
10386-10485  Strong Support

Nifty Spot Levels worked well

Nifty Spot High - Low has been exactly as par Pre-Market Spot levels.

Summary

Now Holding 50% longs with weekly close / trade continuously below 6147 Nifty Spot as stop loss. Longs will be re-initiated near 6020-6040 Nifty Spot, if weekly close is below 6147.

Nifty Future Post

Exit the Longs initiated near 6150 Nifty Future @CMP 6178

Nifty Future and Spot Update

Exit Longs below 6140 (Nifty Future) and buy close to 6020-6040 Nifty Spot.

Positional stop loss for longs is close below 6147 Nifty Spot at weekend.

Nifty Future Update

Initiate the positional longs once again@6228 Nifty Future (50% of 50%)

Nifty Spot Update

Book 50 %  of Nifty Future & 5400 Call Longs here at 6260 NF and 97 5400 CE - Re-posted

Weak Below 6230 Spot

Pre-Market View Nifty and Bank Nifty for 24th Oct, 2013

Day close has signalled Buy on Dips & Sell on Rises. Trend is firmly up in Weekly and Monthly.

Nifty Spot [6141 (S) /6150 (S) /6165 (S) / 6183(R) / 6194 (R)/6206 (R) / 6215 (R) / 6236 (R) / 6250 (R)]

Nifty Future Near Month

6278             Sell Zone
6238-6241    Sell Zone / Buy above
6215-6223    Buy More Above
6198-6207    Key Zone
6164             Support
6148-6152    Buy Zone
6119-6133    Support
6112             Sell Below
6077            Support

====================================================================

Bank Nifty Spot [10622 - 10685(S) / 10790 (S) / 10930 (R) /11046 (key) / 11140 / 11350- 11430 (R)]

Bank Nifty Future Near Month

11357             Resistance
1125-11246    Resistance
11091              Key
10854-10926   Resistance
10726-10743   Support
10400              Strong Support

Nifty Future Call

Positional Longs For Nifty Future May be Taken here @6130-6140 for 6350-6400 Stop Loss 6100.
Add More to 5400 Nov, 2013 Call.

Intra

Exit Balance shorts here @6164 CMP

Intra Post

Exit 50% Shorts here @6185 CMP

Intraday Call

Short @ 6204.0  S/L 6227.1 Target 6175

Keep Accumulating 5400 Nov, 2013 CE in every Dip with 50% Purchase price as Stop Loss

Pre-Market Levels Nifty & Bank Nifty Spot & Near Month Future for 22nd Oct, 2013

Nifty Spot [ 6142(S) / 6160(S) /6172(S) / 6188(S) / 6220 - Key / 6236-6241 (R) / 6250 (R) / 6280 (R) /6310 (R)]

Nifty Near Month Future

6296-6314     Sell Zone
6279-6282     Resistance / Sell Zone
6257-6262     Resistance
6237-6241     Strong Above / Sell Below
6223-6224     Support / Sell Below
6204-6208     Buy Zone / Sell Below
6165-6172     Strong Support / Buy Zone
6152-6156     Buy Zone
6147               Sell Below
6124-6139     Support / Sell Below
6110-6115     Great Buy Zone


Bank Nifty Spot [ 10610-10625(S) / 10700 (S) / 10820 - Key  / 10860-10870 (R) / 11040 (R)/ 11390 (R)]


Bank Nifty Near Month Future


11260              Strong Resistance
11000-11100   Resistance
10920              Resistance
10860-10870   Key
10740-10800   Support
10635-10690   Good Support
10450-10500   Strong Support

Nifty Spot Update

Close below 6147 weekly basis may cause some weakness in the market otherwise we are going up only.

Positional Call for 23rd, Oct, 2013

Buy 5400 Nov, 2013 Call in 70-80 range target 120 T1 / 150 T2 Stop Loss 63

                                                     OR
In case of Gap Down Tomorrow

Buy 5400 Nov, 2013 Call in 55-65 range target 100 T1 / 120 T2 Stop Loss 48

Please up the Stop Loss to +10 Points for every 20 points rise

Intraday Post

Exit Positions for calls if taken.  Market doing time correction and is rationalizing the Overbought Oscillators. NR4 / NR7 and NR14 day. Tomorrow should be a bigger move day, today being the 2nd consecutive NR4 day..

Intraday Call

Long @6233 Stop Loss 6209 Target 6271
Short @6207 Stop Loss 6231 Target 6168

Pre-Market Levels - Nifty & Bank Nifty

Nifty Spot [ 6117 (S) / 6147 (S) / 6181 (Key) / 6190(S) / 6214 (R) / 6220 (R)/6236 (R)/ 6250 (R) / 6285 (R) ]

Nifty Future Near Month

6329             Strong Resistance
6306-6316    Resistance
6285             Resistance
6272             Resistance
6257             Resistance
6239-6242   Strong Above
6221            Weak Below
6193-6195   Key
6170-6175   Support
6150-6155   Support
6125-6135   Support

===================================================================

Bank Nifty Spot [ 10540(S) / 10630 (Key)/ 10800(R) / 10850-10870 (R) / 11030-11070 (R) ]

Bank Nifty Future Near Month

11600             Strong Resistance
11000-11200  Big Resistance
10920             Strong Above
10669             Key
10500            Support
10370            Strong Support

Intraday

Weakness only below 6210 Nifty Future and strong above 6224.

Intraday

Bank Nifty Got sold off from the specified 10920 mark for first time and Nifty too from the specified close to 6240.

Pre-Market Levels For Nifty Future for Monday 21st Oct, 2013

Nifty Spot [ 6143 (S) /6153 (S) / 6159 (Key) / 6195(R) /6225(R)  /6236(R) ]

Nifty Near Month Future

6310           - Sell Zone
6285           - Sell Zone
6260-6270  - Strong Resistance
6241-6250  - Resistance
6223-6226  - Resistance
6206           - Resistance
6175           - Key Number
6155-60      - Important Support
6148-6151  - Weak Below
6123-6127  - Very Good Support
6105-6115  - Strong Support
6051-6079  -  Very Strong Support


============================================================================

Bank Nifty Spot [ 10440 (S) / 10550 (S) / 10613-10623-10636 Key / 10764 (R) / 10854 (R) / 10867 (R)


Bank Nifty Near Month Future

11700-11850    Sell Zone
11400-11500    Resistance
11050-11250    Resistance
10840-10920   Strong Resistance / Sell Zone
10660-10770   Support / Resistance
100400-10500 Strong Support
10370              Weak Below
10250-10280   Support

Nifty EOD 18/10/2013

Nifty Intraday Chart 18/10/2013

Nifty Post

Sustaining above 6200 shall open gateway for the following earlier given targets.

Initial Targets for

Nifty Spot
6227 / 6253 / 6277

Nifty Future
6257 / 6279 / 6302

Sensex
21026 / 21100 / 21190

Nifty spot View

Market may stay ranged for some more time.  Close to 6150-6200 is Sell Zone and 6000-6050
is buy zone.  Now we are close to sell zone so let us be careful. Opportunities will again come for entering longs near the specified zone and closer to 6200 we can enter shorts. If 6200 is crossed successfully we are headed much higher.

Pre-Market View Nifty and Bank Nifty Near Month Future for 18th Oct, 2013

Nifty Cash 6142 - Stiff Resistance
Close above 6100 psychologically important

Nifty Future Near Month

6174-6201    Stiff Resistance      
6163             Stiff Resistance / Sell Here
6133-6140   Sell Zone / Buy above
6122-6127   Sell Zone / Buy Above    
6102-6113   Struggle Zone 
6081-6091   Strength Above / Sell below
6067            Positive above
6047            Buy Holding
6010-6025   Buy Zone / Sell below
5960-5970   Buy All out / Sell Below

===============================================================
Bank Nifty Cash 10625 - Stiff Resistance

Bank Nifty Future

10900-11000  Sell Zone
10750-10800  Strong Above / Stiff Resistance
10610-10660  Sell Zone - Stiff Resistance  / Buy Above
10520-10550  Struggle Zone
10450+       Strength
10320-10400  Support / Resistance
10250-10270  Support
10000-10120  Support / Buy Zone / Sell below

Pre-Market View Nifty Future / Bank Nifty Future - Near Month for 17th Oct, 2013

 Nifty was extremely overbought and got sold off to adjust the overbought situation. Nifty is now likely to hit the all time high soon.  Very stiff resistances present up-to 6300/6350 range and from 6600 range to 6800 range for Nifty Spot. Overall sentiment may remain Sell on rises & buy on Dips with Nifty making some progress on weekly basis.

Signal for the Day - Sell in rallies & Buy on Dips

Likely Range for the Day for Nifty Spot  [ 6035 - 6135 - 6165/70 (Stiff Resistance) ]

Nifty Near Month Future

6175-6200   Sell Zone (6190 Stiff Resistance)
6150-6160   Sell Zone
6124-6134   Resistance
6110-6115   Key Zone
6080-6085   Buy here / Sell Below
6060-6070   Mostly Buy Here / Sell Below
6035-6045   Buy All out

=================================================================

Bank Nifty Near Month Future

11000-11100    Stiff Resistance
10790-10890    Stiff Resistance
10640-10750    Resistance       (10710 Key)
10500-10550    Resistance / Buy Above           
10360-10380    Weak below
10250-10280    Support
10000-10050    Strong Support

Pre-Market View for 15th Oct, 2013

Market Extremely Overbought but trending up, only positional longs working well.  Intra-day likely to be ranged .

Nifty Spot 6161,6174 & 6180  Crucial Resistances
           and 6133, 6142 & 6093 Crucial Supports


Nifty Future Near Month

6235-6241  Sell Zone
6215-6222  Strong Resistance / Sell Zone
6197-6202  Crucial Resistance

6174       Strong Above
6151       Sell Below
6133-6138  Crucial Support

6117-6125  Strong Support
6088-6098  Support

===================================================================

Bank Nifty Spot 10730 Crucial & Trend Decider

Bank Nifty Future Near Month

11281        Sell Zone / Strong Resistance
11081        Resistance

10898        Resistance
10749-10786  Crucial Support / Resistance
10610-10680  Support / Buy Zone

10400-10500  Good Support / Buy Zone

Initial Targets With running corrections

Market Extremely Overbought  & hence tried for time correction.  Will there be another Gap Up tomorrow ? Let us see.

If any immediate correction it may start after making a high above 6142 in 1 or 2 days.

Initial Targets for

Nifty Spot
6227 / 6253 / 6277

Nifty Future
6257 / 6279 / 6302

Sensex
21026 / 21100 / 21190

Market will try to give some correction after reaching these levels first or middle points or maximum after reaching the high point

Nifty Likely to reach around 6600-6700-6800 by Jan, 2014 and may see major correction from there.

USDINR Weekly View for Week Starting on 14th Oct, 2013

USDINR Near Month Future
View for 1 Week


64-64.5              - Strong Resistance
63.50                 - Resistance
62.7                  - Resistance
62.05-62.25      - Resistance
61.30 - 61.40    - Resistance
61-61.2             - Strong Above

60.35 - 60.55    - Good Support
59.9                  - Very Strong Support / Weak Below
59                     - Very Good Support
57                    -   Strongest Support

Pre-Market View 14th Oct, 2013

Nifty is Highly Overbought Short Term, Longs Risky over here, As often there may be sharp sell off

Keep an eye on 6084-6103 Nifty Spot, as the same shall determine
the trend for the day and the next day too

Nifty Near Month Future

6230-6240   Sell Zone
6200            Strong Resistance
6186-90      Resistance
6163-6174  Sell Zone / Buy Above
6133           Strength Above / Weak Below
6110-6117  Support / Resistance
6100           Buy here or sell below
6070-6080  Weakness will start below
6040-6052  Support Zone
6010-20      Good Support

========================================================

Keep an Eye on 10500-11550 Zone Banknifty Spot,  The same shall determine the Trend for the day


Bank Nifty Near Month Future

11100-11300     Sell Zone
10900-11000    Strong Resistance
10765               Stronger Above
10680               Strength Above
10610               Weak below
10500               Sell below this
10370-10400   Sell More below
10250               Support
10050-10150   Good Support

Nifty Spot

Nifty will try to challenge 6142 spot by Monday & hence buy in dips is quite good option.

Nifty Future Longs Update

Update stop Loss to 6114 and continue holding the remaining 50% preferably till EOD.

Patience Game

This patience game with remaining 50% longs may yield results towards EOD. IIP Number Push may be there, expected today evening. Update Stop Loss to 6101

Long call Update

50% Part Booking here @CMP 6124

Intraday Post

As mentioned Nifty Dealing the Hard Nut between 6115-6121 - Stiff Resistance.  Bias is Up. Good IIP can be another selling opportunity.

Market at crutial Juncture

Market at critical juncture and looking quite Bullish. X-wave assumption will fail if Nifty makes a New all Time High & triangle completion at August, 2013 Low will be in contention.

Currently we need to see 6142.5 and whether Nifty is able to cross it by Monday i.e 14th Oct, 2013.

We have to alter the charts thereafter in each of the cases.

Fresh addtional Call

Enter Long at 6098 Stop 6075.1 Target 6137.1

Twin Calls Nifty Future

1)  Enter Long at 6056 Also at 6042 Stop Loss 6025
2)  Enter SHORT @ 6114.9 S/L 6137.9 Target 6075.9

Pre-Market View - Nifty & Bank Nifty Near Month Future for 11th Oct, 2013

Nifty Future Near Month ( 6042-44 Nifty Spot is Strong Resistance / Support)

6155           - Sell Zone
6115-6121   - Stiff Resistance
6070            - Resistance / Sell Below
6040-46      - Sell Below / Weakness will start below /Buy Holding
6027-6029   - Support
5983- 5995  - Good Support / Sell Below
5949           - Support
5923-36     - Strong Support



Bank Nifty Future Near Month ( 10320 Bank Nifty Spot is Strong Resistance/ Support)

10850-10900  Strong Resistance
10650-10725  Resistance
10370-10500  Very Stiff Resistance
10250        Weakness Point
10000-10100  Strong Support
9800         Weakness Below
9650         Good Support

Nifty Future

First Target done 50% profit booking @6070

Nifty Future Update

If Momentum is good Nifty Future may attempt 6125

Nifty Spot Update

If the momentum is good and Nifty Spot is able to go above 6045 and sustain 6070-80 may be the target

Nifty Future Update

If longs get activated please take the first target as 6070 and exit 50% longs there and up the Stop Loss for the rest to Buying Price + 3 to cover other costs.

Intraday Update on Nifty Spot

Terminal might have got invalidated / will get invalidated but rising wedge is still valid and upper trend-line will provide resistance to Nifty Spot between 6035-44 range (for today) and 6043-44 is also a=c Target.  Please exit all longs near 6040 Nifty Spot for today.

Intraday Update

Some time correction has happened & Market is shedding it's overbought situation somewhat for some more up-move.

Intraday Call Nifty Future

LONG @ 6052 S/L 6029 Target1 6085  Target 2 6095 ( CMP 6016)

Nifty Spot

6015 as Mentioned is the Key Number for the for Nifty Spot.

Intra Update

6040-50 Nifty Spot will be quite risky zone Market is already getting quite Overbought. 

Ending Diagonal Update

Nifty has now crucial Support at 5950 & an Inverted H&S with 5950 as Neckline. So, sustaining above 6033 and protecting 5950  the Target becomes around 6200. Let us see how market tells us what is in it's mind.

Pre-Market View 10th Oct, 2013

Nifty Future Near Month Future (6015 Nifty Spot will be key for the day)
Choppy day expected with big volatility


6115        Significant Resistance
6084-6091   Stiff Resistance
6050-6060   Crossing this and holding will give strength to Nifty
5995-6000   Support
5975-85     Huge Support / Sell below
5945-55     Support
5936        Support
5905-5916   Big Strong Support


===================================================================================


Bank Nifty Near Month Future (10350 Bank Nifty Spot will be the key for the day)
Bank Nifty is in-front of strong resistance zone


10700-10900     Strong Resistance
10550-10650     Resistance
10400-10500     Stiff Resistance
10250                Below Weakness
10050-10150     Huge Support
9700-9800        Big Support

Caution

Shorting if any should be done with strict Stop Loss of 6033 Nifty Spot and it is Safer to short on break of 2-4 Trend-line.  If wave-c doesn't complete as a terminal it will complete as normal 5 wave or diametric etc.  and one can short on completion of the same.  We need to wait for tomorrow for clarity.

Nifty Update on X-Wave

Intraday Update

Pre-Market View 9/10/2013

Nifty Future  (5900 Spot Key for the Day / 5993 Spot Strong Resistance)


6121             -   Stiff Resistance
6064-6085    -   Stiff Resistance
6035-6045    -   Resistance
6010-6019    -   Resistance / Sell Zone
5974-5995     -  Strong Resistance / Sell Zone


---------------------------------------------------------------------------------------------
5952-5964    -  Important Support / Resistance  i.e Buy above or Sell Below
---------------------------------------------------------------------------------------------

5926             -    Support
5884-5896    -   Good Support  - Buy Zone / Sell Below
5874-5878    -   Good Support
5856-5868    -   Very Good Support          
5846             -    Support

5814             -    Strong Support

==============================================================

Bank Nifty Future (10360  Spot is the Key for the Day)

10850-11000   -    Stiff Resistance
10700-10770   -    Stiff Resistance
10440               -    Strong Above this
10334-10356    -    Stiff Resistance
10265-10278    -    Importance Zone

10170                -    Key Support

9950-10050       -   Strong Support
9700-9800         -   Support
9600-96             -   Sell Below
9400                  -   Support

Intra Update

Exit longs @cmp 5977

Nifty Future Update

Longs taken closer to 5954 may be booked @CMP 5967

Intraday Call Nifty Future

Enter Long Nifty Future AT 5978 and also at 5954 target  6014 - T1 / 6042-46 T2 / 6074-84 T3

Book 25% profit at each level and update Stop loss to next level after reaching higher level

* Buy/Sell call valid for a range  of   +/- 4/5 points from the target Buying / Selling Price

Pre-Market View 8/10/2013

Nifty Near Month Future  (Nifty spot 5930 - Trend Decider for today)

6118                    Strong  Resistance
6070-6084           Strong Resistance
6042-6046           Sell Zone / Stiff Resistance
5992-6014           Resistance Zone / Support Zone if crossed
5966-82               Support / Resistance

5936-54               Strong above / weak below 

5910-5915           Key Support / Weakness will begin below
5878-5894           Support Zone / Sell Below
5857                    Very Good Support Zone / Sell more below

Exit LOngs & Sell below this level
===============================================================

Bank Nifty Near Month Future  (Bank Nifty Spot 10271 - Trend Decider for Today)

111200-11500  Strong Resistance / Sell zone
10800-900         Sell Zone / Buy Above
10560-10700     Resistance

10270-10370    Strong above / weak below

10000-10100    Key Support / Weakness will begin below

Exit long & Sell below this level

Pre-Market View USD-INR for Monday 7/10/2013

62.50-62.70      Resistance
62.15-62.40      Huge Resistance

62                     Key Number  & Stiff Resistance

61.70                Buy Above
61.3-61.5          Buy zone / Sell Below
60.5                   Strong buy zone / Sell below

Pre-Market View - Nifty & Bank Nifty Future for Monday 7th Oct, 2013

Nifty Near Month Future  (Positional Sell Below 5880 or Buy above)

6052-6062          Stiff Resistance
6038                    Resistance / Sell zone
6007-6020          Strong  Resistance
5994-5998           Resistance
5975-83               Important Resistance / Support if crossed
5962-68               Resistance Zone / Support Zone if crossed

5950                     Strong above / weak below

5936-5941           Key Support / Weakness will begin below
5911-24               Support Zone / Sell Below
5868-81               Very Good Support Zone / Sell more below
5825                    Strong Support

===============================================================

Bank Nifty Near Month Future  (Positional Sell Below 10000 or Buy above)
11200                Stiff Resistance
10850-11000    Strong Resistance / Sell zone
10600-10700    Good Resistance / Sell Zone / Buy above
10420-10520    Resistance Zone / Buy Above

10280-10350    Strong above / weak below

10100-10200    Key Support / Weakness will begin below
9950-10000      Very Strong Support Zone / Sell Below
9820-9850        Strong Support
9700                  Very Strong Support

Nifty Future Update

Sellers active in 5980-6010 Zone.  Let us see if Nifty is able to close above yesterday's High else closing may be weak.

Intra Post - Nifty Future Update

Raise Stop to 5892 for Balance

Intraday

Book Profit in Longs 50% @CMP 6003

Intraday

Nifty May be bought here CMP@5978 with 5960 Stop Loss for 30-50 ponits

Pre-Market View Reposted

5940-60/5966/5980 Nifty Spot will be Stiff Resistance & 5865-75 Good Support for the day 

Nifty Near Month Future 

6046-62         Stiff Resistance
6027-38         Resistance / Sell Zone
5994-6015     Resistance / Buy above
5966-69         Resistance / Sell zone
5941               Resistance Zone / Support Zone

5921-5925      Strong above / weak below

5909-5913      Key Support / Weakness will begin below
5871-5893      Support Zone / Sell Below
5845-50          Very Good Support Zone / Sell more below


===============================================================
10200-10250 Bank Nifty Spot will be the trend decider for the day

Bank Nifty Near Month Future

10800-900      Strong Resistance / Sell zone
10585-10650   Good Resistance
10420-10520   Resistance Zone / Buy Above

10280-10350    Strong above / weak below

10100-10200    Key Support / Weakness will begin below
9950-10000      Strong Support Zone / Sell Below

EOD - 3/10/2013