Wednesday, November 27, 2013

F&O Cues Updated

F&O Cue updated. 

Market may be net short as before but after showing weakness throughout the day a smart rally may happen towards the EOD tomorrow. Market has strongly based itself 6020-40 Zone of Nifty Spot. Structure is also indicating completion of d-leg / first corrective of d-leg  may be round the corner.  Let us see what kind of rally pans out.

Following are the strong support and resistance for Dec, 2013 Nifty Future. It may be watched for breakdown / breakout.

Breakdown below -  6084 (Strong Support)
Breakout  above   -  6149 (Strong Resistance)

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