Nifty Spot EOD

Following can be the initial targets for Nifty Spot 6112 - T1 / 6181 - T2  / 6270 - T3.  Let us see how far and how fast Nifty can move to one or all of these levels.  Let us see the falling channel resistance and whether Nifty is able to cross it.

F&O Cues Updated

F&O Cue updated. 

Market may be net short as before but after showing weakness throughout the day a smart rally may happen towards the EOD tomorrow. Market has strongly based itself 6020-40 Zone of Nifty Spot. Structure is also indicating completion of d-leg / first corrective of d-leg  may be round the corner.  Let us see what kind of rally pans out.

Following are the strong support and resistance for Dec, 2013 Nifty Future. It may be watched for breakdown / breakout.

Breakdown below -  6084 (Strong Support)
Breakout  above   -  6149 (Strong Resistance)

3 P.M

2 P.M

1 P.M

12 Noon

Nifty Spot Update

6040 was  the crucial level for Nifty Spot as par the F&O Cues it is still hanging onto that.
Same for Banknifty spot is around 10870 and Banknfity Spot is also hanging around there.

11 A.M

10 A.M

Nifty and Bank Nifty Future Market Profile based calls for the day

Market Profile Based Calls 

Nifty Future
Enter Short at 6089 Also at 6098 Stop Loss 6110 Target 6046-6054 / 6027-6037 / 6007
(Lower the Levels by 10 ponits in Weak Markets and opposite in strong Markets)

----------------------------------------------------------------------------------------------

Bank Nifty Future
Enter Short at 11006 Also at 11068 Stop Loss 11133 Target 10945/ 10920/ 10884 /10800 / 10750 
/10700
(Lower the Levels by 18 ponits in Weak Markets and opposite in strong Markets)

Opening Hour

Probable Neowave Count

Pre-Market Levels for Nifty and Bank Nifty for 27th November, 2013

Trend is Buy on dips and Sell on rises. WIth 1 day left for expiry, volatility may be high.

Nifty Future [Fair Value 6095 (Near)/ 6169 (Series)]

6168               Sell Zone
6145               Strong Resistance
6130               Resistance

6108-6121      Stiff Resistance / Sell Zone          

6070-6090      Consolidation / Strength Above / Sell below
6046-6054     Strong Support / Buy Zone / Sell Below
6027               Support
6007               Support
5990-5993     Strong Support / Buy Zone
5978-5982     Very Strong Support / Buy Zone
5968               Buy All


Bank Nifty Future [Fair Value 10942(Near)/ 11088 (Series)]

11207                Sell All
11121-11147    Stiff Resistance
11064-11074    Strong Resistance
10989-11006    Resistance / Strength Above
10945               Strong Resistance
10884-10920   Consolidation / Weak Below
10750-10800   Strong Support / Sell Below
10713              Good Support
10660-10678   Strong Support / Buy Zone
10480               Buy All