Tuesday, September 24, 2013

Market - Rolling Over

Market roll over behavior is visible by the price movement, meaning exiting the current month and taking the desired position in the next month futures.  Generally market moves in a range madly during this period.

Pre-Market View - Nifty / Bank Nifty Future

Nifty Future

Target                                               5984-6004  (Sell Zone & Stronger resistance)
Buy Aggressively above                  5945-55  (Sell Zone & Strong resistance)
Buy more above                               5927-35 (Sell Zone & Strong resistance)

Strength above /Weak below           5915  

Target 1                                             5855-65  (Big Support / Buying zone / Sell below)
Target 2                                             5815-25  (Bigger Support Buying zone)

Exit all longs below this level if price sustaining below this level


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Bank Nifty Future

Target                                                10600-700  (Sell Zone & Stronger resistance)
Buy Aggressively above                  10375-425   (Sell Zone &  Strong resistance)
Buy more above                               10275-10325



Strength above /Weak below          10225-45  

Target 1                                             10150-80  (Big Support/ Buying zone / Sell below)
Target 2                                             9800         (Bigger Support Buying zone)

Exit all longs below this level if price sustaining below this level

SBI Cash


Target3        1681-1707  Sell Zone
Target2        1662-72      Key Resistance
Target1        1643-53      Buy more above    
Buy Holding 1615-35      Sell Below
Target1         1580          Good Support / Buy may be attempted / Sell below
Target2         1555-65
Target3         1533          Good Support / Buy Zone 

Gold / Silver / Crude Near Month Futures

Gold (Oct) Future
Trend - Sidewise

Target4               30620-700      Book Profit / Sell Zone
Target2               30320-30380   Sell here if can't stay above
Target1               30100  buy more above  (buy Above / Resistance)
Buy Holding       29750-920 or when price moves above / Sell below
Target1                29675-750
Target2                29575-625         Buy Zone
Target3                29450-500 Buy Zone
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Silver Future
Trend - Sidewise 

Target6               51000-51100 Book Profit /exit area
Target5               50300-600  Book Profit /exit area
Target4               50250-350  Buy above or exit
Target3               49900-50100 Good  Resistance
Target2               49500-700 (Sell if can't cross) 
Target1               49400-500 buy more above
Buy Holding      49200-300 or when price moves above Sell below
Target1              48900
Target2              48600 -700 (buy zone)
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Crude Oil Future
Trend - Sidewise to down  may slowly head towards 5900-6000 levels

Target3               6630-50-66    Book Profit / Exit Zone
Target2               6575-6620     (Sell Zone/ buy above)
Target1               6545-55         Key 
Buy  Holding      6485-6525,     near this some good support & weakness below
Target1              6448
Target2               6324