Saturday, October 26, 2013

Pre-Market Levels Nifty, Bank Nifty Spot & Near Month Futures

Nifty has signalled buy in Dips & Sell on Rises.  Caution with Bank Nifty. RBI policy Week.

Nifty Spot

6285             - Sell Zone
6250             - Resistance
6220-6226   - Strong Resistance
6189-6200   - Resistance
6169-6176   - Key Resistance  / Sell Zone / Buy More Above
6152-6161   - Resistance / Buy Above
6105            - Support / Buy Zone / Sell Below
6070            - Support Buy Zone

Nifty Future

6250-6266         - Resistance / Sell Zone
6215-6226         - Grinder
6190                  - Getting Stronger above
6177-6181         - Key Zone / Stiff Resistance / May Support if Crossed
6148                  - Weak below / Sell below
6110-6115         - Support
6075-6082        - Support / Buy Zone
6042                  - Buy Zone

Bank Nifty Spot

11400-11500      - Sell Zone
11300                  - Resistance
11000-11100      - Resistance / Key Zone
10882-10940      - Support / Resistance
10700/10750      - Good Support
10500-10600      - Strong Support
10300                 -  Buy Zone

Bank Nifty Future

10600-11700     - Stiff Resistance
11200-11300     - Resistance
11000-11050     - Key Resistance / Strong Above
10800-10900     - Support / Resistance
10700                - Weak Below
10450-10550     - Support
10350-10380     - Very Good Support