Signal is buy on dips and sell on rises. Breakout above 6350 i.e. New high in Nifty may be linked with IIP Data date , which is week end or early next week.
Nifty Future Near Month
6344-6350 Stiff Resistance
6329-6335 Strong Resistance
6313 Resistance
6304 Weak Below
6264-6266 Good Support
6240-6250 Strong Support
6215-6222 Weakness will start below / Strong Support / Buy Zone
Bank Nifty Future Near Month
12000 Sell Zone
11800-11850 Strong Resistance
11756 Stiff Resistance
11680-11700 Strong Above / Resistance
11624 Weak Below
11493 Support
11390 Good Support
11300 Very Strong Support
Tuesday, November 5, 2013
Nifty Spot update
b-d line for diametric (See Chart posted today) has support around 6210-30 for tomorrow, must be bought for all dips towards 6210-6250.
Nifty Spot Update
There is a possibility of price to Oscillate between 6340-70 to 6240/70 for next 2/3 days .
Nifty Future Update
Raise Nifty Future Stop Loss to Cost plus brokerage for the balance longs or book full profit @6350+ CMP 6354
Nifty Future Call Update
Part Profit Booking at 6330 Nifty Future and Stop Loss to be raised to 6317.
Nifty Spot Update
Got Resisted near 6278 (Expected 6279) but no need to worry one can hold longs with stop loss of 6230.
Intermediate resistances for the time being 6295 / 6306
Intermediate resistances for the time being 6295 / 6306
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