EOD Note

Looking at the bearish Setup in derivatives data and also in Charts Nifty and Banknifty both looking weak at the moment.

Nifty may attempt to do the following (One or both) Targets tomorrow if bearishness (Keeping below 6175 Nifty Spot) continues 

Nifty Spot      6098 - T1 / 6073 - T2

Nifty Future   6128 - T1 / 6106 - T2

Banknifty may attempt to do the following (One or both) Targets tomorrow if bearishness continues 

Banknifty Spot    10971 - T1 / 10759 - T2
Banknifty Future 11040 - T1 / 10839 - T2

F&O Cues

F&O Cues Updated.

Nifty EOD Hourly Chart

                                                     Both Bullish and bearish option exists.

Update

Market is Trading above 6175 As of Now.

Update

Market is doing what it plans to do benefitting Option Writers

2 P.M

Update

Nifty Spot will remain weak below 6175 and that is the Level for the Week.

1 P.M

Nifty Future Call Update

Book Profit in Nfity Future @cmp 6191

12 Noon

Nifty Call

Go Long @6176-6182 Nifty Future for 6200 S/L 6165

11 A.M

Update

Banknifty have done the required low, sustaining above 6175(Week Key)  is the Stop Loss for all short positions of Nifty Spot.

Nifty Update - Present View

       Look to Sell Nifty for 6100 Nifty Spot  atleast by tomorrow on break of 6150.  The chart trendlines may support.

10 A.M

Pre-Market Levels for 19th December, 2013 Working

Dips are buying opportunity and also Selling expected at Higher resistances

Nifty Spot (6222 - Key Support and 6282 - Key Resistance)

Nifty Future

6362                    Week T3 / Stiff Resistance
6321-6330           Important / Sell Zone
6291-6312           Sell All (6291 - Week T2)
6274-6279           Resistance/ Support / Strong Above
6259-6265           Strong Resistance / Support
6247                    Sell Zone (Week T1 - Achieved yesterday)
6229                    Key 
6217-6221           Weak Below / Strong Above / Support Zone
6201-6206           Strong Buy Zone
6192                    Support (Important) 
6179-6185           Weakness below / Support 
6155-6157           Strong Support

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Banknifty Spot (11341-11384 - Key Support and 11649 - Key Resistance)

Banknifty Future
11787                    Sell All
11684-11700         Strong Resistance (11684 Week T1)
11579-11610         Sell Zone / Stiff Resistance (11583 Important Weekly Target)
11540                    Strong Resistance / Sell Zone
11453-11500         Resistance  / Support      
11364-11402         Main Hurdle
11256-11337         Buy Zone / Support / Weak Below
11117-11170         Buy All / Strong Support / Sell Below