Pre-Market - Nifty Future and Bank Nifty Future Levels for 7th Nov, 2013

Nifty Oversold in Hourly may produce bounce

FII's have started shorting Nifty Future which is worrying

Nifty Future Near Month

6360-6365      - Sell Zone / Stiff Resistance
6329-6339      - Sell Zone
6314-6322      - Stiff Resistance
6281-6291      - Resistance
6263-6267      - Weak Below
6247               - Weakness below
6219-6232      - Support / Buy Zone
6190-6200      - Last support


Bank Nifty Future Near Month

11740-11850    - Stiff Resistance
11660-11670    - Strong Resistance / Key
11560-11610    - Strong Resistance
11435-11515    - Resistance / Buy above
11321-11379    - Support
11280-11315    - Buy Zone / Sell Below
11193               - Strong buy zone

Nifty Future Call for today / tomorrow

50% Positional Longs may be initiated between 6220-6260  today / tomorrow and balance sustaining above 6285. Target 6400.

Nifty Future Final call on the long initiated @6270

Sell balance Nifty Future longs here @cmp 6279

Nifty Future Update

Book 50% Longs of Nifty Future @CMP 6290 and bring balance Stop loss to Cost, Profit booking target 6305-6315.

Nifty Future Call

Nifty may be bought @CMP 6270 with 20 point stop loss target 5310.

Nifty Future Update

Market is giving indications of strength and holding 6281 the bias will remain positive.

Nifty Future Update

Nifty Future cool above 6281 and will gain strength above 6304.  Since the signal is Sell on rallies and Buy on Dips. An exit that the resistance zone +/- 10 Points is better and buying near the support zones +/- 10 Points will also be good.

Nifty Spot update

6274 and 6304 Nifty Spot will add strength.