Is it start of secular bull run ?

Nature of the Current rally can't be foretold i.e. whether it is a new bull run ?  It is still possible that this is an X-wave 6466-6696-7670(max allowed).  Massive resistances exist for Nifty between 6400-6500 first, too strong resistance is there between 6600-6800 and gigantic resistance exist between 7000-7400. From any one of the levels the current up-move may face huge sell off.  I expect it may happen from 6600-6800 range though an Inverted H&S is targeting about 7000 in Nifty. The elections are coming up in the next year i.e. 2014, anything can happen in the 1st two quarters of 2014.

Nifty expected range for November, 2013

Options data suggests Nifty range may be 6500-6200 for the Month of November, 2013.

Nifty Spot Intraday Update

Probably a triangle is happening as from the day's high and we are seeing the last down leg.  After that the up-move may move between 30 to 50 points from the last low (e-leg low) or 6371 (Max Target) and we may revisit towards 6250 thereafter.  Correction on Sunday towards end of session or Monday. The assumption is obviously invalidated if Nifty Spot trades above 5371 +/- 5 points.

Nifty Spot

Managing the Overbought. Sprint in the morning, bore all day and run in the last hour. Nifty da khel.

Nifty Spot Update

A bull Flag is also visible Target 6371 (Max) Nifty Spot if 6294 holds.

Nifty Spot update

Nifty Spot may trade between 6400-6200 range for next couple of days before moving up or down.

Nifty Future update

Time to Sell nifty or exit longs. Suggested to take caution at-least.

Pre-Market Levels Nifty and Banknifty Future Near Month for 1st Nov, 2013 - Reposted

Nifty Spot has stiff resistance up-to 5340-5360 and
market is getting quite overbought. 

Nifty Future Near Month

6393-6400   Strong Resistance
6361            Stiff Resistance
6348            Resistance
6335            Strong above
6296            Weak below / Stay Long above
6288            Support
6270-6276  Cool Buy here / Sell below
6262           Weakness below
6258           Strong Support

Bank Nifty Future Near Month

12005              Sell Zone
11812-11900  Strong Resistance
11677              Resistance
11581-11621   Resistance / Strong Above
11427-11464   Good Support / Weak below
11310              Good Buy zone
11200-11250   Strong Buy Zone

Nifty Future Call Update

Up the Stop loss to 6345 CMP 6357

Intra Day

Up the Stop Loss to 6339 Nifty Future and book 50% longs @cmp 6349

Intra Nifty Future

Buy Nifty Future here CMP 6340 Target 6370 Stop Loss 6320

Intraday

Sensex has hit All time high. Clap Clap.

Exiting longs and sitting on sidelines better till a 100 point correction or time correction happens.

Pre-Market Levels Nifty and Banknifty Future Near Month for 1st Nov, 2013

Nifty Spot has stiff resistance up-to 5340-5360 and
market is getting quite overbought. 

Nifty Future Near Month

6393-6400   Strong Resistance
6361            Stiff Resistance
6348            Resistance
6335            Strong above
6296            Weak below / Stay Long above
6288            Support
6270-6276  Cool Buy here / Sell below
6262           Weakness below
6258           Strong Support

Bank Nifty Future Near Month

12005              Sell Zone
11812-11900  Strong Resistance
11677              Resistance
11581-11621   Resistance / Strong Above
11427-11464   Good Support / Weak below
11310              Good Buy zone
11200-11250   Strong Buy Zone