Pre-Market Levels, Nifty and Bank Nifty for 25th Oct, 2013

Nifty Spot

6236       Sell Zone
6226       Key
6196-6200  Huge Resistance / Sell Zone
6176-6183  Resistance
6134-6146  Support / Buy ZOne / Sell Below
6117-6121  Support
6077-6081  Good Support

Nifty Future Near Month

6250-6253      Sell ZOne
6234-6236      Sell Zone
6210-6220      Stiff Resistance
6180-6183      Important
6147-6149      Support
6132                Sell Below
6112-6124      Support/ Sell below
6076-6081      Support
6041-6046      Strong Support / Buy Zone

Bank Nifty Spot

11351              Resistance / Sell Zone
11132              Resistance
11022-11068   Key
10972              Sell Zone / Buy Above
10736-10867  Support
10622              Support
10377-10454  Strong Support / Sell Below

Bank Nifty Future Near Month

11246        Sell zone
11071        Key
10948        Buy Above
10751-10900  Various Supports
10386-10485  Strong Support

Nifty Spot Levels worked well

Nifty Spot High - Low has been exactly as par Pre-Market Spot levels.

Summary

Now Holding 50% longs with weekly close / trade continuously below 6147 Nifty Spot as stop loss. Longs will be re-initiated near 6020-6040 Nifty Spot, if weekly close is below 6147.

Nifty Future Post

Exit the Longs initiated near 6150 Nifty Future @CMP 6178

Nifty Future and Spot Update

Exit Longs below 6140 (Nifty Future) and buy close to 6020-6040 Nifty Spot.

Positional stop loss for longs is close below 6147 Nifty Spot at weekend.

Nifty Future Update

Initiate the positional longs once again@6228 Nifty Future (50% of 50%)

Nifty Spot Update

Book 50 %  of Nifty Future & 5400 Call Longs here at 6260 NF and 97 5400 CE - Re-posted

Weak Below 6230 Spot