5620 (Spot) is very important resistance crossing which momentum will come upto 5700-40
Next 5800-20

Market looks reasonably strong and it seems some pause may happen near 5650-5700 only.

 Pick it up for drops(if any) closer to 5540-50 or 5515 (also).

Pre-opening

Market looks set to open in 5540-60 area in gap up.  Raghuram Govinda Rajan Day!

Market is obviously boosted by his initial action.  Holding 5500 Nifty  is all set my previously mentioned Positional Targets of 

1) First Target -  5550 (Done Earlier)
2) Second target -  5675
3) Third Target - 5800 (To be considered after confirmation in my later posts)
4) Fourth Target  - 6150 (To be considered after confirmation in my later posts)
 

Nifty Future Likely to trade between 5530-5620   (5620  being 78% retracement of last larget fall) for 1/2 days and move up.

Bank Nifty Future May Trade upto 9400 for 1/2 days and move up to 10000+ levels

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For the Day
 Nifty Future

 Target 3           5600-5620  ( Sell 2nd time here)
 Target 2           5585  (Sell 1st time here)
Target  1           5560

Buy Nifty Future Holding 5530-40 & 5515.  Buy all dips towards it positionally
 for Sep, 2013.  Keeping booking profits from time to time.

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Gold Future

Weak below 32700

Sell below 32500

T1 31900
T2 31300
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T3 33600
T2 33200
T1 32900/33000 (Profit booking zone/ buy more holding)

Buy above 32700

Bank Nifty Future

T4 9400
T3 9300
T2 9230-50 Sell zone
T2 9157-85 Profit Booking Zone)
T1 9000 (add more above)

Buy above 8940


Sell Below 8938

T1 8845-66-72
T2 8800

Nifty Future


T4 5540-50  (Selling Zone)
T3 5526 (Profit Booking zone)
T2 5514
 T1 5475/80 (above this add longs / buying zone)

Buy holding 5445 (Holding 5445 only longs may be considered)


Sell if 5425 is broken(Break of 5425 is confirmed short)
Target may be as low as 5200

Sell Below 5425

T1 5400
T3 5370
T3 5335-50
T4 5280-5310

Nifty Spot

Open Interest tells that huge support building at 5300 (Range based on Options data 5630 - 5108)


T4 5540-50/60 (Sell Zone)
T3 5526 (Profit Booking Zone)
T2 5507
T1 5480 /90 (buy above)

Holding 5440 only longs may be considered


Sell if 5440 is broken(Break of 5440 is confirmed short)

Sell Below 5438 

T1 5400
T2 5370-80
T3 5335-55 (Main Support - Buying may be attempted here)
T4 5280-5310