3 P.M

3 P.M

Nifty Spot Update

Only 24.15 points day till now!  Risk of range expansion in either direction and high volatility in the remaining part of the day?

2 P.M

Update

Within next 5 hours Nifty Spot has to cross 6123.5 to confirm trend reversal.

1 P.M

Update

First Sign of Weakness is here, as discussed earlier 6149 is the point for Dec, 2013 Nifty Future below which weakness will be there. Caution needed if price continues to sustain below it.

Intraday Chart

See the two Trendline Resisitances, Nifty Spot will surely face stiff resistance there between 6140-6160 but 1st hurdle will be to cross 6123.5.  If 6140-6160 is achieved we can expect some pullback to cover today's gap.

12 Noon

11 A.M

Bull Stop Loss has been taken 6102 and SAR is at 6131. Day high target is about 6147 T1 / 6164 (NR4-Target) T2 / 6167 T3 and if price skids Day low target is about 6036 (Unlikely as of now).

Reporting What was posted yesterday on Dec, 2013 Nifty Future

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)

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Nifty Future is now trading comfortably above 6149

Nifty Future System Generated calls

LONG @ 6120 S/L 6097.1 Target1 6141 Target2 6152,  Target3 6159.2 

SHORT @6152-6162 S/L 6180 Target1 6133, Target2 6123 and Target3 6116

10 A.M

Nifty Spot Update

Nifty Spot has achieved the first target 6112 as given yesterday EOD post and this has also signalled the termination of the downtrend for the time being.  Day bias +ve and should be bought in dips.

System Generated Calls - Based on Market Profile

Nifty Future
Enter Long at 6068 Also at 6057 Stop Loss 6044 Target 6095/ 6120 /6133 / 6140
Enter Long at 6097 also at 6071 Stop Loss 6069 Target 6120 /6133 / 6140

Banknifty Future

Enter Long at 10915 Also at 10881 Stop Loss 10844 Target 11075 / 11127/11216

Opening Bell

Pre-Market Levels for Nifty and Bank Nifty Future for 28th Nov, 2013

Nifty Future [ Fair Value 6075(Near), 6165 (Expiry) ] 
6211              Sell All
6185-6195     Sell Zone
6152-6161     Resistance
6133-6141     Strong Resistance
6116-6123     Stiff Resistance
6092-6103     Resistance
6086               Key
6071-6080     Strength Above
6057-6068     Support
6038-6045     Strong Support / Buying level
6021               Buy all

Nifty Spot
6093 - Nifty Spot is the Key for the Week

Banknifty Future [ Fair Value 10928 (Near), 11085 (Expiry) ]

11332                Sell All
10262                Heavy Resistance
11216                Stiff Resistance / Sell Zone
11127-11156    Strong Resistance
11049               Key
10906-10953    Weak Below / Strong Support
10836-10881    Strong Support
10660-10716    Buy all

Banknifty Spot
11091 - Banknifty Spot is the Key for the Week