Tuesday, November 26, 2013
F&O Cues
F&O Cues Updated.
Market is Net Short again similar to yesterday EOD. Sell on rallies likely. 6000 has been good support as of now. Exiting shorts near 6000 is preferable. Similarly 6100 is resisting strongly till now. Let us see how market pans out.
Market is Net Short again similar to yesterday EOD. Sell on rallies likely. 6000 has been good support as of now. Exiting shorts near 6000 is preferable. Similarly 6100 is resisting strongly till now. Let us see how market pans out.
Nifty behaving as par expectation
EOD yesterday it was suggested that market has net shorts in Nifty and bias has been negative since open. Gaps have not been filled above and below the present price till now. Bull stop loss was 6071(Hit) and sustaining below it Nifty Spot travel towards 6030 and holding it prices may attempt the day high once again.
Alternate View
If Nifty Falls from here without reaching the channel top then the e-leg of the triangle may still be incomplete.
Pre-Market Levels for Nifty and Bank Nifty for 26th November, 2013
Nifty Future [Fair Value 6121 (Near) / 6174 (Series)]
6219 Sell All
6198 Very Strong Resistance
6174-6181 Strong Resistance
6159-6167 Resistance
6146 Strong Resistance
6114-6130 Stiff Resistance / Buy Above
6094-6108 Good Strong Support / Weakness below
6078-6088 Support / Sell Below
6050-6060 Good Support
6033-6043 Last support / Sell Below
6016 Buy All
Banknifty Future [Fair Value 10977 (Near) / 11092 (Series)]
11336 Sell All
11233 Stiff Resistance
11125-11134 Consolidation
11045-11074 Support / Weakness below
10951-10961 Very Good Support
10894-10917 Support
10763-10804 Strong Buy / Sell All below
10660-10675 Strong Support/ Buy Zone
6219 Sell All
6198 Very Strong Resistance
6174-6181 Strong Resistance
6159-6167 Resistance
6146 Strong Resistance
6114-6130 Stiff Resistance / Buy Above
6094-6108 Good Strong Support / Weakness below
6078-6088 Support / Sell Below
6050-6060 Good Support
6033-6043 Last support / Sell Below
6016 Buy All
Banknifty Future [Fair Value 10977 (Near) / 11092 (Series)]
11336 Sell All
11233 Stiff Resistance
11125-11134 Consolidation
11045-11074 Support / Weakness below
10951-10961 Very Good Support
10894-10917 Support
10763-10804 Strong Buy / Sell All below
10660-10675 Strong Support/ Buy Zone
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