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