Monday, November 11, 2013

Pre-Market Levels Nifty and Banknifty Future for 12th Nov, 2013

Volatile Session Likely. Nifty has come to a meaningful support zone and is Oversold. Trend reversal in 1-2 days. If Nifty Spot closes below 6040 by Eod,  it will confirm some more weakness.  Watch out for support near 20250-20350 for Sensex (Buy Zone)

6016 (Sustaining Below) is Week's Stop Loss for bulls / 6064 Spot will be strong support / Resistance.


Nifty Future Near Month

6202-6209      Short Stop Loss Gone Sustaining above
6187-6196      Resistance
6160-6174      Sell Zone
6142-6147      Consolidation / Sell Zone
6112-6123      Consolidation / Weakness below / Key Zone
6088-6092      Support / Sell Below
6066-6077      Support
6040-6050      Big Support / Buy Zone
6007-6021      Strong Support



Bank Nifty Future Near Month

10970-11000   Sell Zone / Buy Above
10890              Sell More Below
10776-10822   Good Support / Sell below
10620-10720   Reasonable Support
10415-10470   Strong Support
10337-10356   Stronger Support



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