Wednesday, September 25, 2013

Pre-Market View ICICI Bank


Target3               1025-35
Target2               960-70/  975 ( Huge Resistance Sell Zone)
Target1               948-50

By Holding        930-940  Sell Below

Target1               900
Target2               870
Target3               830



Pre-Market View - Nifty & Bank Nifty Future

Market Bias stands negative as discussed at the Week beginning post but protecting 5800 important for further rise

Nifty Future

Target                                               6020-40      (Sell Zone / Strong resistance & Must exit zone)
Target                                               5981-6005  (Sell Zone / Strong resistance & Pref. exit zone)
Buy Aggressively above                  5950  
Buy more above                               5929-43 (Good Resistance )

Strength above /Weak below           5910-20  Buy above or Holding this level or all dips to this 

Target 1                                             5880-95    (Big Support / Buying zone / Sell below)
Target 2                                             5855-65    (Bigger Support Buying zone)
Target 3                                             5820-30    (Bigger Support Buying zone)

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


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Bank Nifty Future

Target                                               10900-11000  (Sell Zone & Must exit Zone)
Target                                               10600-700     (Sell Zone & Preffered exit zone)
Buy Aggressively above                  10430-60      ( Sell Zone)
Buy more above                               10300-330



Strength above /Weak below          10170-240  

Target 1                                             9800         (Big Support Buying zone)
Target 2                                             9600         (Bigger Support Buying zone)


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

Pre-Market View SBI Cash


Target3        1695  Sell Zone
Target2        1682-88      Key Resistance
Target1        1653-61      Buy more above    

Buy Holding 1620-35      Sell Below 

Target1         1580          Good Support / Buy may be attempted / Sell below
Target2         1555-65
Target3         1510-30     Very Good Support / Buy Zone 

Pre-Market View Gold, Silver & Crude Near Month Future

Gold (Oct) Future
Trend - Sidewise to Up
For Today some +ve Divergence in Hourly chart & hence may pullback on the upside

Target4               30700               Book Profit / Sell Zone
Target2               30320-30380    Sell here if can't stay above

Target1               29950-30050    (buy Above / Huge Resistance & Sell zone)

Buy Holding       29650-750          Sell below

Target1               29300                 Buy Zone
Target2               28900-29000      Buy Zone
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Silver Future
Trend - Sidewise to Up
For Today some +ve Divergence in Hourly chart & hence may pullback on the upside

Target5               50700-800     Must exit zone
Target4               50100-200     Buy above or must exit zone
Target3               49900-50100 Good  Resistance
Target2               49500-700    ( Sell if can't cross) 
Target1               49250           buy more above

Buy Holding      48900-49100  or when price moves above Sell below
Key                    48800            Buy above / Sell Below 

Target1              48600 -700    (buy zone)
Target2              48500 -600    (bigger buy zone)
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Crude Oil Future
Trend - Sidewise to down  may slowly head towards 5900-6000 levels
For Today some +ve Divergence in Hourly chart & hence may pullback on the upside during initial hours and become ranged thereafter.

Target3               6650             Book Profit / Exit Zone
Target2               6590-6620    (Sell Zone/ buy above)
Target1               6550-70         Key  - Sell Zone too
Buy  Holding      6485-6525,     near this some good support & weakness below
Target1              6450-65
Target2              6410-30
Target3              6340-60