Pre-Market Levels Nifty & Bank Nifty Spot & Near Month Future for 22nd Oct, 2013

Nifty Spot [ 6142(S) / 6160(S) /6172(S) / 6188(S) / 6220 - Key / 6236-6241 (R) / 6250 (R) / 6280 (R) /6310 (R)]

Nifty Near Month Future

6296-6314     Sell Zone
6279-6282     Resistance / Sell Zone
6257-6262     Resistance
6237-6241     Strong Above / Sell Below
6223-6224     Support / Sell Below
6204-6208     Buy Zone / Sell Below
6165-6172     Strong Support / Buy Zone
6152-6156     Buy Zone
6147               Sell Below
6124-6139     Support / Sell Below
6110-6115     Great Buy Zone


Bank Nifty Spot [ 10610-10625(S) / 10700 (S) / 10820 - Key  / 10860-10870 (R) / 11040 (R)/ 11390 (R)]


Bank Nifty Near Month Future


11260              Strong Resistance
11000-11100   Resistance
10920              Resistance
10860-10870   Key
10740-10800   Support
10635-10690   Good Support
10450-10500   Strong Support

Nifty Spot Update

Close below 6147 weekly basis may cause some weakness in the market otherwise we are going up only.

Positional Call for 23rd, Oct, 2013

Buy 5400 Nov, 2013 Call in 70-80 range target 120 T1 / 150 T2 Stop Loss 63

                                                     OR
In case of Gap Down Tomorrow

Buy 5400 Nov, 2013 Call in 55-65 range target 100 T1 / 120 T2 Stop Loss 48

Please up the Stop Loss to +10 Points for every 20 points rise

Intraday Post

Exit Positions for calls if taken.  Market doing time correction and is rationalizing the Overbought Oscillators. NR4 / NR7 and NR14 day. Tomorrow should be a bigger move day, today being the 2nd consecutive NR4 day..

Intraday Call

Long @6233 Stop Loss 6209 Target 6271
Short @6207 Stop Loss 6231 Target 6168

Pre-Market Levels - Nifty & Bank Nifty

Nifty Spot [ 6117 (S) / 6147 (S) / 6181 (Key) / 6190(S) / 6214 (R) / 6220 (R)/6236 (R)/ 6250 (R) / 6285 (R) ]

Nifty Future Near Month

6329             Strong Resistance
6306-6316    Resistance
6285             Resistance
6272             Resistance
6257             Resistance
6239-6242   Strong Above
6221            Weak Below
6193-6195   Key
6170-6175   Support
6150-6155   Support
6125-6135   Support

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Bank Nifty Spot [ 10540(S) / 10630 (Key)/ 10800(R) / 10850-10870 (R) / 11030-11070 (R) ]

Bank Nifty Future Near Month

11600             Strong Resistance
11000-11200  Big Resistance
10920             Strong Above
10669             Key
10500            Support
10370            Strong Support