F&O Cues

No F&O Cue updation today because of expiry day.

Update

Banknifty has sucessfully made an NR4 / NR7 and NR14 day.  The following could be the implication for both Nifty and Banknifty Spot tomorrow unless we get another tight range again.

Nifty Spot
Buy  Above   6305 Target 6373 
Sell Below    6257 Target 6189

Banknifty Spot
Buy  Above   11428 Target 11671 
Sell Below    11315 Target 11073

Nifty EOD

Update

Last hour move has removed the Narrow Range tag from Nifty.  The earlier post on NR4/NR7 & NR14 is now invalid. Even though a larger range is expected tomorrow.

Update

Nifty Future has saved the week S/L again with vigor, it even went to 6266.1. But has done the minimum 40 points range for the day already.

Volatility

Tug of War with 6300 Call writers. Tomorrows Range expansion is certain. Unprecedented volatility occured today.

Update

Nifty Future has attempted 6300 already after holding 6281 till 2.50 P.M

Update

Week S/L 6264 for Nifty future has been held till now as well as 6281.  Today is coming up as NR4/ NR7 and NR14 day.  Narrow Range expansion almost certain tomorrow.  In next 2 days if Nifty is unable to scale 6400, it may revisit towards the Last low of 6129.   Today any juice is left or not is doubtful as 6300 has been capped by the Call Writers.

2 P.M

Update

If Nifty Future is able to hold 6281 till 2.50 P.M it may attempt 6300-6320 by EOD.

If BnakniftyFuture  is able to hold 11350 till 2.50 P.M it may attempt 11400-11450 by EOD

Update

Only 21 points for Nifty till now. Possibility of range expansion of another 20-50 points remains today and same for Banknifty is around 140-170 points today. Let us see which way.

12 Noon

Banknifty Future Call

Short Banknifty between 11356-11387 S/L 11416 Target1 11303 and Target2 11265 CMP 11346

Nifty Update

Big Caution for the Long positions between 6303 - 6320 for intraday profit booking. Safe sustaining above.

Banknifty Update

11300-11500 zone is adding resistance. 11500 +/- 50 Points  seems to be the upper boumdary for Banknifty for today.

Nifty Open interest analysis

Option writers have built and are buliding huge resistance around 6300 level, which also has the highest open interest for the series.   Attempts to cross 6300 will be resisted strongly, unless some short covering happens towards the EOD sustaining much above 6300 looks difficult for today.

Update

Market Bias positive. Open & low almost same.  Time is running out for Nifty to Attempt 6415 and must be attempted within next 3 days (Including today).  6264 hasn't been broken by Nifty future, which was week S/L and also nifty spot hasn't broken the daily chart support of 6255.

Nifty Future Calls for the Whole day

LONG  @ 6297.7+ S/L 6274.5 Target 6337.5
                                 or
SHORT @ 6264- S/L 6287.2 Target 6224.5

10 A.M

Update

Nifty and Banknifty Key Values Updated in the respective.

Pre-Market Levels for 26th December (Thursday), 2013 Working

Volatile and tight range expected, some move up may be expected close to EOD

Nifty Spot not breaking/ Holding 6255 will keep bias towards 6300 (6317 Week Shocker Level)

Nifty Future (Expiry Blue is suggsting a Max. trading Range of 6217-6320 +/- 10 Points)

6406                Week T2
6383                Sell All
6362                Week T1
6360                Stiff Resistance
6340                Crossing is important today / tomorrow, for 6362
6334-6339       Big Resistance
6327                Resistance
6311                Strong Resistance / Buy More sustaining above / Sell Here
6287                Strong Above / Buy for next Target
6278                Good Support
6253-6264       Support / Buy Zone (6264 - Week S/L and Not Breaking will be good)
6237-6245       Strong Support / Buy Zone
6230                Big Support
6202-6213       Buy All


Banknifty Future 

11627-11634    Sell All (11627 Week T1)
11525               Crossing is important today / tomorrow, for 11627 
11485-11500    Strong Resistance
11452               Big Resistance / Buy Above
11380-11435    Resistance Zone / Sell Zone / Buy Above
11320-11364    Consolidation Zone / Weak below / Support Zone
11264-11287    Big Support / Sell Below
11197-11231    Buy zone / Good Support / Sell below
11175               Week S/L
11003-11069    Buy All