F&O Cues

F&O Cues Updated. Some profit booking / consolidation has to happen on Monday with overall bias should remain positive for next 5-6 days. We need to see if 6415 + can be attempted within this period. It seems that the Market will enter The New Year in a good mood.

EOD Post

        To Validate the bullish triangle Nifty has to retrace 6415+ in next 5 - 6 days (Looks possible). Red channel Resistance and other resistances values given on chart. After confirmation first Target 6613.

Update

Longs if carried should be exited

3 P.M

Update

Exit balance longs here @cmp 6255

Update

Exit Long 50% Positions here @cmp 6248 as because end of week and it's about 2.30 P.M+

2 P.M

Nifty Spot

Nifty must attempt 6415 in next 5-7 days  for triangle confirmation!

Nifty Future Call

Buy Nifty Future between 6234-6244 Target 6270 S/L 6225

1 P.M

Update

6250-6264 May offer stiff resistance to Nifty Future

Update

6204-6211 Should be supporting Nifty Spot and 6220 Nifty Future.

Update

6204-6211 Should be supporting Nifty Spot and 6220 Nifty Future.

Update Nifty Spot

Day T1 @6131 done.

12 Noon

Nifty Spot

Nifty Just very near to hitting the Bear Stop Loss at 6205

11 P.M

10 A.M

Market Profie Based Calls - Modified

Enter Long at 6161-6171 Stop Loss 6144 Target 6200
Enter Short at 6220-6230 Stop Loss 6247 Target 6190

Update

Open Low is same for Nifty. Bullish opening.

EOD Hourly diametric option

Not Holding 6154 will give 6078. Hour RSI is falling below 50 level

Pre-Market Levels for 20th December, 2013 Working

Nifty Spot Weak below 6175 [Bear Stop - 6205 / Bull Stop - 6129]

Nifty Future (Below 6200 it will remain Weak)
6210-6223         Sell All
6200                  Stiff Resistance
6185-6192         Sell Zone / Buy above
6151-6161         Buy Zone / Good Support
6149                  Weakness Below / Hold Longs above
6130-6138         Good Support / Sell below
6128                  Week Target 1 / Support / Sell below for Target 2
6112-6118         Good Support 
6106                  Week Target 2
6078                  Buy Zone / Strong Support

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Banknifty Spot Weak below 11241 [Bear Stop - 11226 / Bull Stop - 10949]

Banknifty Future (Below 11150-11160 it will remain Weak)
11303-11364       Sell All
11210-11258       Strong Resistance
11138-11194       Weak below
11041-11060       More Weak Below / Support / Resistance
11040                   Week Target 1 / Support / Sell below for Target 2
10936-10976       Support
10864-10879       Strong Support
10839                  Week Target 2 / Support
10794                 Strong Support