F&O Cues

F&O Cues Updated. Nifty looks poised for a Gap up. How much ?  Let the market tell us.

3 P.M

        It should not be too big speculation but should help Nifty to hit all time high if results are Market friendly. Maximum 6450 for Nifty Future.

Pre-Event Note

Nifty Future if Closes above 6290 - Bullish
Bank Nifty Future if Closes above 10711 - Bullish

Nifty Spot if closes above 6265 - Bullish

2 P.M

             Nifty behaving the predicted line as of now.

Update

Weakness below 6238 Nifty Spot and 6270 Nifty Future.  Banknifty is having a NR4/NR7 and NR14 day till now.

1 P.M

Nifty SPot Update

Weakness below 6238 for Nifty Spot

12 Noon

Nifty and Banking Immediate Pending Targets

Nifty Spot Target         6435-6457-6474 (6382 Year 1 / 6384 Month 2/ 6555 - Month 3/ 6647 - Year2)
Nifty Future Target       6521-6544-6564 (6396 Month 1 / 6398 Year 1/ 6551 - Month 2/ 6686 - Year2)

Bank Nifty Spot Target    11931-12000-12068 (12140 Month 3 / 12511 Buy Above)
Bank Nifty Future Target  12035-12113-12171 (12396 Month 3 / 12516 Year 1)

Nifty Future Call

LONG @ 6293.8 S/L 6270.6 Target 6333.5

Nifty Future Update

Nifty Future will be weak only below 6277 else buy on dips comfortable.

Nifty Update.

If Nifty is Planning for a Narrow range day (Before the major event), it may have done for the day and now Buying closer to 6230(6267-Nifty Future) and Selling Closer to 6268(6310 - Nifty Future) may be the order of the day. Same may be expected with Banknifty as well.

Nifty         can move Minimum 34   Points more beyond the above range and
Banknifty  can move Minimum 132 Points more beyond the above range

if it doesn't do a narrow range(NR) day.

Nifty and Banknifty Future and Spot Expected Intraday Levels

Nifty Future Day
Trading range 6344+(Ve) To  6191-(ve)
Max Target -6379
Buy Near 6225
S/L 6156

Nifty Spot Day
Trading range 6298+(Ve) To  6163-(ve)
Max Target -6329
Buy Near 6193
S/L 6133
========================================================
Banknifty Future Day
Trading range 11828+(Ve) To  11472-(ve)
Max Target  -11909
Buy Near 11551
S/L 11391

Banknifty Spot Day
Trading range 11741+(Ve) To  11418-(ve)
Max Target  -11814
Buy Near 11490
S/L 11345

10 A.M

Opening Hour

Nifty Spot update

Inverted Hammer in Daily chart. Close below 6231-6238 crucial for the day.

Pre-Market Levels for Nifty and Banknifty Future - 6th Dec, 2013

Nifty Spot 6263 is the Key for the day
Nifty Future
6396               Target 1 Month
6375               Target 2 Week
6370               Sell Zone
6350-6361      Stiff Resistance / Sell Zone
6337-6341      Resistance
6314-6321      Stiff Resistance /Strength Above / Sell Zone
6290-6300      Resistance / Sell Zone /Buy Above
6267-6273      Support / Buy Zone /Weakness below
6244-6251      Buy Zone / Strong Support
6219-6226      Buy All


Banknifty Spot 11566 is the Key for the day
Banknifty Future
12194-12276    Sell All
12041               Target 3 Week
12000               Psychological
11881-11922    Stiff Resistance    
11878               Target 2 Month
11746-11801    Strength Above / Sell Zone
11650-11668    Strong Support / If Broken Strong Resistance
11542-11597    Good Support
11487                Big Support