F&O Cues

F&O Cues Updated

Sum Up

We expected some correction today, it came little late but strongly.

Nifty Future

6120 - Strong Support

Extracting Triangle

Extracting triangle back in contention. Let us see the price action for tomorrow.

3 P.M

Nifty Future

First Time Stop Loss Taken.

Buy Nifty Future @6207-6215 CMP 6212 Target 6225/6235/6245 Stop 6194

Nifty Future Call Update

Book 25% more  Longs @6230 CMP.    Stop Loss to be raised to 6217.

2 P.M

Nifty Future Resisted strongly at 6223

6223 as given as the Strongest Resistance in F&O Cues  is working like Chinese wall as of Now.

Nifty Future Call Update

Book 50% Longs @6220 CMP.

Fresh Nifty Future Call

Buy Nifty Future in 6200-6210 range Stop Loss 6194 Target 6230/6240/6250  @CMP 6210

1 P.M

Update

Nifty Future Made a high of 6229 (1 Short of 6330)

Update

Nifty Future Stop loss now 6212

Nifty Future

Book 50% Longs in Nifty Future @CMP 6220 now. Trail the rest with 6205 Stop Loss.

12 NOON

Update 11 A.M

           Nifty Spot - Initiate Long near 6107 /6109 /6138 /6146 /6150 /6178 /6179
           Banknifty Spot - Initiate Long near 10870 /10885 /10905 /11005 /11036 /11090 /11110

Wednesday, November 20, 2013

Nifty Future Call

Enter Long at 6198 also at 6179 Stop Loss 6169 Target1 6230 (50%), Target2 6240(25%) and Target 3 6250(25%).

*Trail the stop losses / +/- 5 Points allowed

Nifty Future Call

Enter Long at 6198 also at 6179 Stop Loss 6169 Target1 6230 (50%), Target2 6240(25%) and Target 3 6250(25%).

*Trail the stop losses / +/- 5 Points allowed

Nifty Price behavior - Data of Nifty Spot

Looks like Price Consolidation before another round of up-move.  Channel Top on daily chart is still pending at around 6230-6235, which is the major resistance. Strength above 6202.

Update 10 A.M

            Nifty Spot Initiate Long near 6104 /6109 /6138 /6146 /6147 /6178 /6179

            Banknifty Spot Initiate Long near 10869 /10876 /10905 /11011 /11027 /11090 /11106

Nifty and Bank Nifty Spot - 1st Hour upto 10 A.M

Overbought Market some correction expected today

For upto 10 A.M these are the levels 

Nifty Spot - Sell Sustaining Below 6212
Initiate Long near 6101 /6109 /6137 /6138 /6148 /6177 /6182

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Bank Nifty Spot - Sell Sustaining Below  11207
Initiate Long near 10867 /10869 /10905 /11002 /11018 /11103 /11117


* If one level Fails other level should work 

Pre-Market Levels of Nifty and Bank Nifty Future for 19th Nov, 2013

Nifty Future

6320                  Resistance
6290                 Strong Above
6270-6280        Stiff Resistance
6238-6249        Sell Zone / Strong Resistance
6217-6223        Sell Below
6200                 Support / Sell below
6170-6185        Good Support / Sell Below
6150-6160        Strong Support
6130-6135        Strong Buy Zone
6114-6120        Big Support


Bank Nifty Future

11370-11400      Sell Zone
11235-11335      Stiff Resistance / Sell Zone
11120-11180      Good Support
11050                  Support
10900-11000      Strong Support