Pre-Market Levels - Nifty and Bank Nifty Future (Near Month) for 30/10/2013

Nifty Future Near Month

6296-6300     Stiff Resistance
6265-6272     Sell Zone / Buy above
6235-6241     Resistance / Sell Zone
6216              Weakness Below
6202              Key
6189-6194    Strong Support / Sell More Below
6167-6179    Good Support
6156-6163    Support
6140-6148    Strong Buy zone
6122-6127    Go Long / Sell Below
6081-6102    Support / Buy More
6047              Blind Buy


Bank Nifty Future Near Month

11350                Sell Zone
11262-11300    Sell Zone / Buy above
11150-11180    Support
11000               Sell Below
10760-10800   Buy Zone / Sel Below
10700              Good Support
10450              Blind Buy

Intraday Post

Exit longs by EOD or here. We are at 80% Retracement level.

Intra Update

Any dips to 6167-6185 Nifty Future may be bought for this up-move. which looks strong

Sharp rally was due

As suggested in the Morning,  Nifty was oversold and this sharp rally was expected.

Intra Update

Nifty has given the next level 6200-6215 above 6170 too.

Nifty Future Intra-day

Caution with longs. We are into sell Zone.  Part Booking advised.

Intra-Post

Above 6146 Nifty Future has given 6170

Intra Update

Signal has been buy on dips and sell on rises. So any important Resistance level may invite sudden selling.

 If 6146 is not taken out market may make another lower low / revisit the lows.

Nifty Future Update

Nifty Future sustaining above 6146 will give 6170

                                and

Sustaining above 6170 will give 6200-6215 (Sell Zone)

Intraday Post

Nifty Spot Longs may be booked between 6170-6185 or close to 6200  for re-buying at lower levels i.e may be 20-40 points lower.

Untrday Update

Some entertainment and the event is over.  Next Global clue is FED policy in next 2 days. Market looks steady and holding important support levels for the time being.

Weakness will begin sustaining below 6115  only.

Intraday Update

Banknifty Future Maintaining Weakness below 10700-10750 range.

Nifty Future close to 6020-40 is good buy and long above 6116 otherwise.

Nifty Spot Update

6074 - 6116 Nifty Spot is the Breakdown/ Breakout Range.

Morning Update, 29/10/2013

Nifty is Getting Oversold Short Term and may pull back sharply too. RBI policy day.