Thursday, December 19, 2013

EOD Note

Looking at the bearish Setup in derivatives data and also in Charts Nifty and Banknifty both looking weak at the moment.

Nifty may attempt to do the following (One or both) Targets tomorrow if bearishness (Keeping below 6175 Nifty Spot) continues 

Nifty Spot      6098 - T1 / 6073 - T2
Nifty Future   6128 - T1 / 6106 - T2

Banknifty may attempt to do the following (One or both) Targets tomorrow if bearishness continues 

Banknifty Spot    10971 - T1 / 10759 - T2
Banknifty Future 11040 - T1 / 10839 - T2

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