Saturday, December 14, 2013

Pre-Market Levels for Nifty and Banknifty Future - 16th Dec, 2013 working

Sharp and highly volatile movements expected , simply because market is extremely OS in hourly and to some extent in daily and Nifty has some downside targets to be met. So, sharp downmove and sharp pulback both are likely depending on where we are starting the day.

Nifty Spot
6175 (Bullish Above) and 6227 (More Bullish Above) are two impotant numbers and resistances 

Nifty Future (6200- difficult if broken may be sharply recovered in a day or same day)
6298-6301      Strength Above / Sell Zone
6286                Resistance
6273-6276      Sell Zone
6257               Strong Sell Zone
6246-6252      Stiff Resistance
6222               Resistance / Strength Above / Sell Below
6196-6213     Consolidation
6188               Sell Below / Buy Holding
6174               Support
6149               Support
6132               Support
6111-6116     Strong Support / Buy Zone
6101               Buy All

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Banknifty Spot
11447 (Bullish Above) and 11525 (More Bullish Above) are two impotant numbers and resistances 

Bank Nifty Future
12069-12083        Sell All
11805                   Stiff Resistance
11706-11787        Consolidation / Resistance      
11601-11650        Strong Resistance
11574                   Strong Above / Weak Below
11502-11525        Resistance
11461                   Weak Below / Strong Above
11385                  Support
11329-11339       Sell Below / Weakness
11125-11208       Support / Weak Below
10979                   Buy All

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