Pre-Market Levels Nifty and Banknifty Future for 12th Nov, 2013

Volatile Session Likely. Nifty has come to a meaningful support zone and is Oversold. Trend reversal in 1-2 days. If Nifty Spot closes below 6040 by Eod,  it will confirm some more weakness.  Watch out for support near 20250-20350 for Sensex (Buy Zone)

6016 (Sustaining Below) is Week's Stop Loss for bulls / 6064 Spot will be strong support / Resistance.


Nifty Future Near Month

6202-6209      Short Stop Loss Gone Sustaining above
6187-6196      Resistance
6160-6174      Sell Zone
6142-6147      Consolidation / Sell Zone
6112-6123      Consolidation / Weakness below / Key Zone
6088-6092      Support / Sell Below
6066-6077      Support
6040-6050      Big Support / Buy Zone
6007-6021      Strong Support



Bank Nifty Future Near Month

10970-11000   Sell Zone / Buy Above
10890              Sell More Below
10776-10822   Good Support / Sell below
10620-10720   Reasonable Support
10415-10470   Strong Support
10337-10356   Stronger Support

Nifty Intraday Chart

Nifty, Sensex Update

Sensex has an unfilled gap around 20323.77 (nifty equivalent near 6020-6030) in it's daily chart and  that should be final target for this downmove.  Buying close to 20300 (Sensex) / 6020-6030 (Nifty Spot) or after 2 days could be profitable.

If Nifty Spot can break 5904 then only extracting triangle may get confirmed, so chances of a diametric is very high.

Nifty Spot Update

Trend reversal will be once Nifty Closes above the High of the Previous day. 1-2 more days to go and bias may be sidewise to down. Nifty has broken the last low confirms weakness.

 6100 Spot was given as key support and 6120 as key resistance during intraday.

Nifty should resolve between Diametric and Extracting triangle by tomorrow/day after.

We had the buying opportunity at the mentioned support, bounce and opportunity to sell at the mentioned resistance. 

Weekly Levels of Nifty and Bank Nifty Spot for 11th-15th Nov, 2013

Reposted

Nifty Spot Weekly Levels [Probable Week Range 6060 - 6320 ]

6320-6340        Strong Resistance
6280-6300        Resistance
6266                  Bear Stop Loss - Week
6250-6260        Sell Zone / Buy Above
6190-6210        Strong Resistance
6155                  Strong above
6132                  Big Support
6120                 Weak Below
6100                 Good Support
6060-80            Next Big Support
6060                  Bull Stop Loss - Month / Sell all Longs Sustaining Below



Bank Nifty Spot Weekly Levels [Probable Week Range 10550 - 11550]

12000-12150     Strong Resistance
11460-11520     Stiff Resistance
11315                 Bear Stop Loss - Week
11150-11170     Strong Above / Weak Below
10850-10950     Strong Support
10722                Bull Stop Loss - Month
10580-10680     Next strong Support
10511                Bull Stop Loss - Week

Nifty Spot update

6087-6097 Crucial Support.  Buy in Dips upto 6050. Option Derivatives  should be avoided for 2 days.

USDINR Update

USDINR has moved up again above the recent high and this may be the final high this leg for it. It is still in the resistance zone.

Nifty Spot update

6100 Key Support and 6121 Key Resistance for Nifty Spot at this juncture.     If bought holding it out for 6300+ is another option.

Nifty Update

No question that a trend reversal and bottoming out process is on and we may(Not Sure)  revisit the lows / near the lows in next 1-2 days once this 1st leg of up-move gets over. Sell High and buy low may work for 1-2 days but  buy in dips is must.

Update

Got resisted at given Caution level 2  6190 Nifty Future initially & about  80% retracement level for Nifty Spot

Banknifty Spot Update

Banknifty looking stronger  10960+ spot Bank Nifty will become stronger

Nifty Spot Update

If 6095-6100 Spot Hold nothing to worry on longs.

Nifty Spot Intraday Post

6121 will be struggled, more strength can be seen once market takes out 6121.

USDINR Update

USDINR got resisted at the resistance zone 63.73 (63.72-63.87 - as given in the Pre-Market) and is falling 63 and 62.5-62.7 may be the downside target .

Nifty Spot

6140-6160 will resist Nifty Spot for today

Nifty Spot update

Sustaining 6106 will encourage bulls.

Take note of the Following Targets and Profit Booking Range

Nifty Spot
6600-6710-6794 Nifty Spot Next Target Range / Profit Booking Range
6395-6448-6508 Nifty Spot First Target Range / Profit Booking range

Nifty Future
6619-6709-6795  Nifty Future Next Target Range / Profit Booking Range
6404-6461-6526  Nifty Future Next Target Range / Profit Booking Range

Bank Nifty Spot
14169-14420-14672  Bank Nifty Next Target Range / Profit Booking Range
12344-12486-12675  Bank Nifty Next Target Range / Profit Booking Range

Bank Nifty Future
14107-14360-14603  Bank Nifty Future Next Target Range / Profit Booking Range
12376-12560-12735  Bank Nifty Future Next Target Range / Profit Booking Range

Nifty Spot Daily Chart

Final Low of this leg of downmove for diametric (d) leg is most likely over at 6070.85 or may be maximum within 6050.  Buy in all Dips from here on target 6350-6400.

Nifty Future Caution Levels

Buy in Dips for next two days

 6173 Long Caution 1
 6190 Long Caution 2

Short Stop Loss 6208 for today

Nifty Spot Chart

      Looks like fall may be limited  as stated final low for this leg of downmove should be within 6050
      (if not 6070.85)

Pre-Market Levels for USDINR for the week 11/11, 15/11, 2013

USDINR Weekly Levels

66                    Stiff Resistance
65.39               Strong above
64.55-64.60     Stiff Resistance
64.30               Stiff Resistance
63.72-63.87     Resistance
63.25               Stronger Above
63.05                Strength above
62.71-62.79      Key Level for the week 
62.37-62.46      Support / Weak Below - Trend Deciding level
62.24                Weak below
62                     Support
61.8-61.9          Support
61.65-61.71      Good Support / Weakness below
61.30-61.40     Strong Support
61.22                Support
61                     Support
60.65                Very Strong Support