F&O Cues

F&O Cues updated EOD 4/12/2013.  Daily signal has been buy on dips and sell on rises. Break of hourly channel is the key to conclude that trend has reversed, till then buy on dips and sell on rises.

Nifty Intraday

As long as support line holds trend is intact. Though bias has turned -ve from +ve today because of close below 6171 today. Timewise correction is allowed to be over. Let market dictate terms. 

Nifty Update

Nifty Spot and Future Expected trading range given intraday post has worked accurately.

3 P.M

Update

2 More Hours Minimum required for the correction to complete, an well managed time correction till now.

1 P.M

12 P.M

Close below 6171 EOD can only dampen the Bull spirit

Falling Wedge ?

Falling Wedge possibility, watch out the breakout from channel

Nifty Intraday

Nifty Future 6231 or Spot 6192 as mentioned as mentioned in intraday levels are acting as Crutial Supports(S1).

11 A.M

Banknifty Spot and Future Intraday Levels

Banknifty Future Intraday
Trading range 11320+(Ve) To  11067-(ve)
Sell Near 11378
Buy Near 11246 Or 11141 Or 11123
S/L 11009

Banknifty Spot Intraday 
Trading range 11224+(Ve) To  10992-(ve)
Sell Near 11277
Buy Near 11156 (S1) Or  11059 (S2) Or 11043 (S3)
S/L 10939

Nifty Intraday Update

Nifty Future Intraday
Expected Trading range 6246+(Ve)  To  6194(-Ve)
Sell Near 6258
Buy/Sell Near 6231 (S1) Or 6209 (S2) Or 6206 (S3)
S/L 6182

Nifty Spot Intraday 
Expected Trading range 6210(+Ve) To  6150(-Ve)
Sell Near 6223
Buy Near  6192 (S1) Or 6168 (S2)  Or 6164 (S3)
S/L 6137

Opening Hour

Pre-Market - Nifty and Bank Nifty Future Levels

Yesterday was a NR4 / NR7 / NR14 Day, there could be one more NR day today and range expansion tomorrow else range may also expand today.

Nifty Future
6314               Week First Target
6304-6310     Sell Zone / Strongest Resistance
6282-6287     Resistance
6250-6261     Stiff Resistance / Sell Zone
6239-6247     Strong Resistance
6227-6229     Support / Resistance
6218              Weak Below
6200-6204     Support
6183-6193     Strong Support / Buy Zone / Sell Below
6177               Bull Stop Loss / Sell Sustaining Below
6159-6164     Good Support
6128-6139     Strong Support / Buy Zone
6116               Buy Zone


Bank Nifty Future
11565                Week First Target
11427-11434     Sell All
11349-11387     Strong Resistance
11264-11291     Buy Holding / Sell Below
11198-11216    Strong Support / Sell Below
11159                Bull Stop Loss / Sell Sustaining Below
11122-11157    Strong Support Zone / Weak Below
11072-11092    Huge Support
10978-11026    Buy All