Nifty Future Update

If Nifty Future is unable to cross 6402 on Monday the downside target will be 6238. If 6402 is taken out Next two targets will be 6432 and 6492.  Let use see what cues do we get in the F&O data today.

Update

Nifty Future has maintained 60 Point Premium Maintained throughout the day.

3 P.M

Update

Exit the 6400 PE for now. We shall see on Monday CMP 119.

Nifty Call Update

Break of 6300 Nifty Spot will approximately break the Day channel for Monday and from there on it may be Sell on Rises.  Nifty is giving early and late movements and hence Put option has been chosen.  The option will give return next week for sure.  Very remote chances of 6415 to be taken out in this upmove in next 1 day. AAP ka magic ?

Nifty Call

Buy 6400 Put @122  CMP   S/L 110    Target1 - 134,     Target2 -145

Nifty Daily Chart

Day Channel on the Verge of Breakdown, so Monday may be a Fall Day. Month signal is also Sell on Rises.

Nifty Hourly Intraday Chart

           The move still within the range 6320-6260 Nifty Spot with Hourly Overbought.  If Nifty Spot is not able to cross 6415 by Monday we are going back to the 6150-6200 Levels first.

2 P.M

Update on Nifty Future Call

Exit Nifty Future Shorts  here @cmp 6370. Expected weakness missing till now.

1 P.M

Update

Deep Weakness will come below 6345 Nifty Future (If sustains below) i.e. our 2nd Target.

Update

Pre-Market 6377 was the "Sell All Level" and Nifty has retraced from there.

Short Nifty Future in the range 6275-6285  S/L 6405  Target1 6355,  Target2 6345

Update

Nifty Spot has done about 30 Points till now!! It should try 70 points by EOD or Minimum required is about 40 Points in total.

Current High 6319.80 - 40    =   6279.80
        or           6319.80 - 70    =   6249.80

on the Lower Side

and

Current Low 6289.40 + 40 =  6329.40
        or         6289.40 + 70   =  6359.40

on the Higher Side

Update

Exit the Nifty Future Shorts for the time being @cmp 6365.

Update

Range of  6260-6320 Nifty Spot Not Broken yet. If 6320 not taken out going to the bottom level of the range is possible. I have a sell call running for Nifty Future.

11 A.M

Update

Stocks blog has been updated.

Update

Nifty and Banknifty Key levels updated in their respective menu item.

10 A.M

Niftry Future Call

Nifty can be shorted here @cmp 6367 with 6390 Stop Loss for a target of 6320

Pre-Market Levels for 27th December (Friday), 2013 Working

Downtrend Expected

Nifty Future
6377                 Sell All
6362                 Week T1  /  Sell Zone
6345-6355       Sell Below / Buy Holding
6324                More Weakness below
6305                Sell More below / Buy Holding
6286-6294       Support
6264-6278       Strong Support
6237-6247       Buy All / Sell Below
6220                Week Revised Target
6201-6213       Strongest Support

----------------------------------------------------------------------------------------------

Banknifty Future
11631-11691      Sell All
11525                 Vital Level
11496-11521     Sell Zone / Buy Above
11442                Sell Below / Buy Holding
11364-11380     Good Support / Sell Below
11318                Sell More Below
11213-11235     Strong Support / Buy Holding
11175                Week S/L
11063-11089     Strongest Support / Buy All