Monday, March 31, 2014
Update on Nifty Spot
Holding 6658 and the trendline supports, will take Nifty towards our 1st target Zone of 7000. New Black channel may be watched.
Pre-Market Levels For 31st March, 2014 Working
Trade the levels, Charts can adjust
Nifty Future
6816-6820 Sell All
6799-6807 Sell Zone
6789 Month T1
6766-6770 Strong Resistance
6743-6756 Support / Resistance
6725-6736 Strength Above
6713-6721 Bullish Above / Support / Buy Zone
6694-6704 Buy All
Banknifty Future
13123-13142 Sell Zone
13064 Month T2
12975-13000 Resistance
12941 Month T1
12884-12940 Trend decider
12806-12855 Support / resistance
12703-12747 Buy Zone
12555 Buy All
Nifty Future
6816-6820 Sell All
6799-6807 Sell Zone
6789 Month T1
6766-6770 Strong Resistance
6743-6756 Support / Resistance
6725-6736 Strength Above
6713-6721 Bullish Above / Support / Buy Zone
6694-6704 Buy All
Banknifty Future
13123-13142 Sell Zone
13064 Month T2
12975-13000 Resistance
12941 Month T1
12884-12940 Trend decider
12806-12855 Support / resistance
12703-12747 Buy Zone
12555 Buy All
Friday, March 28, 2014
Update
6659 on the lower side and 6757 on the upperside have to be watched for 2 days for Nifty Future. Two significant events lined up next couple of days / next week. First RBI Policy and second BJP's Election Manifesto.
Pre-Market Levels For 28th March, 2014 Working
Trade the levels, Charts can adjust
Nifty Future
6800 Sell All
6760 Sell Zone
6720-6724 Resistance
6691-6705 Buy Holding above / Sell Below
6678 Crucial support / Weak below
6659-6662 Sell More Below / Important Support
6644 Buy Zone
6624-6632 Buy All
Banknifty Future
13027-13178 Sell All / 13167 - Week T2
12907-12969 Resistance / Sell Zone
12855 Sell Below / Buy Above
12773-12788 Crucial Support / Weak Below
12676-12703 Buy Zone
12553-12589 Buy All
Nifty Future
6800 Sell All
6760 Sell Zone
6720-6724 Resistance
6691-6705 Buy Holding above / Sell Below
6678 Crucial support / Weak below
6659-6662 Sell More Below / Important Support
6644 Buy Zone
6624-6632 Buy All
Banknifty Future
13027-13178 Sell All / 13167 - Week T2
12907-12969 Resistance / Sell Zone
12855 Sell Below / Buy Above
12773-12788 Crucial Support / Weak Below
12676-12703 Buy Zone
12553-12589 Buy All
Thursday, March 27, 2014
Nifty Spot Looking Strong for Much Higher Targets
7058.95 is the target by 15/16th April or by 3/4th April if Minimum 577.6 Points move happens. The red line must hold for this expected upmove else we may have to calculate differently.
Update
Now 6680 is the Sell Zone for Nify Future. Whenever the F&O limit is crossed intraday (6649 was it for today), Nifty Future is usually punished the same day or the very next day.
Update on Nifty Spot Hourly Chart
The set of targets mentioned in the Hourly chart below. Appraoching the black channel top between 6650-6660
Update on Nifty Future
As projected in F&O cues sustaining above 6649 may be very difficult for Nifty Future, if it can then some more short covering rally may come.
Update on Nifty Spot
Black channel top is about 6645 this hour. Hence a profit booking may crop up in next 10 points. Caution needed intraday. 6590-6600 / 6618 Level is support.
Update on Nifty Spot
2nd target range done 6633-6337 now next level is 6655-6657. See chart to refer values. 6637 is the crucial level to give more upsides to Nifty.
Update on Nifty Spot
Follow the Black Channel and the Red 0-x Support line. Seeing the Black channel max low for the day may be 6585 and max high 6660 for Nifty Spot.
Pre-Market Levels For 27th March, 2014 Working
Trade the levels Charts can adjust
Expiry Blue Range for the day for Nifty Future 6540-6663
Nifty Future [6429-6597-6649 as par FnO Cues]
6667-6674 Sell All
6640-6649 Sell Zone / Buy More Above
6619-6527 Key Resistance / Level
6596-6611 Buy Zone
6575-6580 Big Buy Zone / Sell All below
6568 Buy all
6545-6556 Strong Support
Banknifty Future [12203 - 12521 - 12620 as par FnO Cues]
12748-12836 Sell All / 12776 - Week T1
12713 Stiff Resistance
12574-12620 Strong Resistance / Key Zone
12521-12527 Weak Below / Support
12446-12469 Support Zone
12237-12320 Buy All
Expiry Blue Range for the day for Nifty Future 6540-6663
Nifty Future [6429-6597-6649 as par FnO Cues]
6667-6674 Sell All
6640-6649 Sell Zone / Buy More Above
6619-6527 Key Resistance / Level
6596-6611 Buy Zone
6575-6580 Big Buy Zone / Sell All below
6568 Buy all
6545-6556 Strong Support
Banknifty Future [12203 - 12521 - 12620 as par FnO Cues]
12748-12836 Sell All / 12776 - Week T1
12713 Stiff Resistance
12574-12620 Strong Resistance / Key Zone
12521-12527 Weak Below / Support
12446-12469 Support Zone
12237-12320 Buy All
Wednesday, March 26, 2014
Update
Today's High (6627.45) and Low (6580.6), will be crucial for tomorrow's trade. One more high may be pending tomorrow.
Update on Nifty Spot
6573.9-6623.25 = 49.25 so next move can happen to 6607.55+49.25 = 6656.8 . The assumption is also that 6607.5 would hold, if Nifty makes another lower low the calculations may be done using that low. We need to see that the raising T/L's are holding.
Update
However our lookout would be break of the support trendline(s), if that happens. Until then continue to ride the long positions.
Some Targets for Nifty Spot
First target range for Nifty Spot 6617.5 - 6623.6 (Done)
Second target range for Nifty Spot 6633.58 - 6637 (Not yet Done)
Third target range for Nifty Spot 6655 - 6657.1 (Not yet Done) / Strong Resistance
Fourth target range for Nifty Spot 6683.95 - 6691(Not yet Done) / Also 6695 Week T1
Gaps near expiry is not a good thing. Very Fast and high volatile moves may be seen today.
Second target range for Nifty Spot 6633.58 - 6637 (Not yet Done)
Third target range for Nifty Spot 6655 - 6657.1 (Not yet Done) / Strong Resistance
Fourth target range for Nifty Spot 6683.95 - 6691(Not yet Done) / Also 6695 Week T1
Gaps near expiry is not a good thing. Very Fast and high volatile moves may be seen today.
Pre-Market Levels For 26th March, 2014 Working
Nifty Future [6573-6594-6634 as par FnO Cues]
6684 Sell All
6658-6667 Strong Resistance / 6659 - Sustain Above is crucial
6643-6647 Sell Zone / Buy Above
6622-6629 Key Zone
6600-6611 Support / Buy Zone / Sell Below
6586-6589 Buy All / Sell Below
6574 Last support
Banknifty Future [12384 - 12464 - 12540- 13028 as par FnO Cues]
12748-12836 Sell All / 12776 - Week T1
12662-12713 Strong Resistance
12581 Sustaining Above crucial
12574-12583 Key Zone
12469-12535 Support / Buy Zone / Sell Below
12377-12446 Buy All / Sell Below
12194-12241 Last Support
6684 Sell All
6658-6667 Strong Resistance / 6659 - Sustain Above is crucial
6643-6647 Sell Zone / Buy Above
6622-6629 Key Zone
6600-6611 Support / Buy Zone / Sell Below
6586-6589 Buy All / Sell Below
6574 Last support
Banknifty Future [12384 - 12464 - 12540- 13028 as par FnO Cues]
12748-12836 Sell All / 12776 - Week T1
12662-12713 Strong Resistance
12581 Sustaining Above crucial
12574-12583 Key Zone
12469-12535 Support / Buy Zone / Sell Below
12377-12446 Buy All / Sell Below
12194-12241 Last Support
Tuesday, March 25, 2014
Update on Nifty Spot
A-leg or first leg of 2nd corrective is still on as EZZ- x -??. c-d-a resistance line needs to be watched on the top.
Update on Nifty Spot
Market is likely to attempt a close above 6600 by expiry. If we consider the move upto 6591.5 from 6481.35 i.e approx 110 points as a-leg after diametric-x, then the present corrective is the b-leg undergoing and thereafter c-leg will start. Only a break and close below the 0-x line can cause some worry, which is about 6515 or so this hour. Buy in Dips for expiry it seems.
Update
6551 is the trend deciding level for the week for Nifty Spot, i.e above - bullish, below - bearish.
Pre-Market Levels For 25th March, 2014 Working
Trade the levels Charts can adjust
Nifty Future [6494-6529-6576-6601-6618 as par FnO Cues]
6640-6645 Sell All
6621-6630 Resistance
6599-6608 Sell All / Buy Above
6581-6588 Consolidation Zone
6569-6576 Buy Zone / Good Support
6555-6558 Strong Support
6536-6545 Buy All / Sell below
Banknifty Future [12096 - 12257 - 12392- 12459 - 12491 as par FnO Cues]
12567-12631 Sell All
12466-12489 Sell Zone / Buy Above
12379 Support
12221-12282 Buy Zone / Support Zone
12162 Support
12073-12123 Buy All / Weak Below
Nifty Future [6494-6529-6576-6601-6618 as par FnO Cues]
6640-6645 Sell All
6621-6630 Resistance
6599-6608 Sell All / Buy Above
6581-6588 Consolidation Zone
6569-6576 Buy Zone / Good Support
6555-6558 Strong Support
6536-6545 Buy All / Sell below
Banknifty Future [12096 - 12257 - 12392- 12459 - 12491 as par FnO Cues]
12567-12631 Sell All
12466-12489 Sell Zone / Buy Above
12379 Support
12221-12282 Buy Zone / Support Zone
12162 Support
12073-12123 Buy All / Weak Below
Monday, March 24, 2014
Update on Nifty Spot
6623.6 should be crossed by Nifty spot in 8 hours from 6181.35, if this upmove is happening after a diametric. If it doesn't happen this upmove may be part of impending incomplete correction. Prices may move back towards 6400-6450 area once again.
Update on Nifty Spot
Now consider the Red trendline as crucial support. Typical signs of a bull market is present in the upmove. Sustaining above 6600 will be hell of a job and similarly 6400 should hold.
Complex Situation in Nifty Spot
Possibility of an X-wave completion earlier at 6432.7 as well as last week at 6481.35 is also there if prices strengthens past 6523 it may be postive. However there may be continuation of a ranged trading for sometime.
Pre-Market Levels For 24th March, 2014 Working
Trade the levels Charts can adjust
Nifty Future [6476-6549-6573-6601 as par FnO Cues]
6600 Sell All / Buy Above
6572-6577 Sell Zone / Strong Resistance
6545-6554 Resistance
6536-6538 More Strength Above
6515-6519 Strong Holding
6493-6502 Big Support
6463-6476 Big Buy Zone / Sell All below
Banknifty Future [11914 - 12153 - 12197- 12241 - 12292 as par FnO Cues]
12469 Sell All
12378 Sell All / Huge Resistance
12240-12254 Strong Resistance / Buy More Above
12187 Resistance
12098-12143 Support Zone
11966-12037 Strong Support / Buy Zone
11831-11858 Buy All
Nifty Future [6476-6549-6573-6601 as par FnO Cues]
6600 Sell All / Buy Above
6572-6577 Sell Zone / Strong Resistance
6545-6554 Resistance
6536-6538 More Strength Above
6515-6519 Strong Holding
6493-6502 Big Support
6463-6476 Big Buy Zone / Sell All below
Banknifty Future [11914 - 12153 - 12197- 12241 - 12292 as par FnO Cues]
12469 Sell All
12378 Sell All / Huge Resistance
12240-12254 Strong Resistance / Buy More Above
12187 Resistance
12098-12143 Support Zone
11966-12037 Strong Support / Buy Zone
11831-11858 Buy All
Saturday, March 22, 2014
Update on Nifty Spot
Diametric e-leg doesn't have any time restriction and likely price targets can be 6453 and 6378. Most likely it should complete somewhere close to 6453. The structure is quite complex and needs confirmation. Keep an eye on oscillator oversold situation.
Update
Derivatives data is not suggesting that expiry will be much above 6500 level, unless some major positive news comes up. Keep an eye on the falling wedge kind of structure to see if any breakout happens otherwise Nifty may keep slowing keep drifting down painfully as long as it wants.
Update on Nifty Spot
OBV is highly Ovebought at this juncture in daily and weekly and prices are at the top of bollinger band. prices may trade between 6330-6630 range for some time. Stocks trading is much more reliable option.
Friday, March 21, 2014
Update
Nifty should do some upmove next week for sure. However it has disgusted everybody on the field.
Pre-Market Levels For 21st March, 2014 Working
Nifty Future [6460- 6489 - 6570 - 6595 as par FnO Cues]
6602 Sell All
6563-6574 Stiff Resistance
6539-6553 Strong Resistance
6529 Key Number for the day
6514-6524 Support / Resistance / Buy Zone / Sell Below
6479-6482 Buy All
6461 Big Support
Banknifty Future [11988 - 12041 - 12267 - 12349 as par FnO Cues]
12289-12337 Sell All / Huge Resistance
12161-12222 Big Resistance / More Strength Above
12072-12134 Resistance / Strength Above
11960 Strong Support
11760-11831 Buy All
6602 Sell All
6563-6574 Stiff Resistance
6539-6553 Strong Resistance
6529 Key Number for the day
6514-6524 Support / Resistance / Buy Zone / Sell Below
6479-6482 Buy All
6461 Big Support
Banknifty Future [11988 - 12041 - 12267 - 12349 as par FnO Cues]
12289-12337 Sell All / Huge Resistance
12161-12222 Big Resistance / More Strength Above
12072-12134 Resistance / Strength Above
11960 Strong Support
11760-11831 Buy All
Thursday, March 20, 2014
Update
EOD Close or running below 6470 Nifty Spot may lead to 6421. Nifty Future may exhibit some weakness below 6460 only.
Update on Nifty Spot
It may look positive from here if Second trendline i.e. 0-b holds from here. Possibilty of an inverted H&S is also probable visually. Please watch out 0-b line. Time wise one more day may be required to complete the structure and the lebelling may change accordingly.
Note on Nifty Spot
Yesterday was an NR4/NR7/NR14 day and following may be the price implication for Nifty Spot.
We have seen earlier the an NR day is often followed by another NR day and the breakout or breakdown often happens the next day too.
Reference Values for Nifty Spot
Buy > 6,543 Target 6,619
Sell < 6,504 Target 6,428
We have seen earlier the an NR day is often followed by another NR day and the breakout or breakdown often happens the next day too.
Reference Values for Nifty Spot
Buy > 6,543 Target 6,619
Sell < 6,504 Target 6,428
Pre-Market Levels For 20th March, 2014 Working
Nifty Future [6476- 6524 - 6572 - 6621 as par FnO Cues]
6636 Sell All
6614-6623 Stiff Resistance
6609.30 Bear S/L
6602 Sell Zone
6563-6570 Resistance Zone / Weak below
6542-6549 Support Zone / More Weakness Below
6534 Good Support / Trend Decider
6514-6521 Weak Below
6597-6509 Strong Support
6491.10 Bull S/L
6476-6481 Buy All / Sell More Below
Banknifty Future [11943 - 12172 - 12325 - 12643 as par FnO Cues]
12469 Strong Resistance
12339-12379 Resistance Zone
12310 Resistance
12255 Trend Decider
12185-12220 Support Zone
12047 Weak Below
11953 Strong Support
11794-11831 Buy All
6636 Sell All
6614-6623 Stiff Resistance
6609.30 Bear S/L
6602 Sell Zone
6563-6570 Resistance Zone / Weak below
6542-6549 Support Zone / More Weakness Below
6534 Good Support / Trend Decider
6514-6521 Weak Below
6597-6509 Strong Support
6491.10 Bull S/L
6476-6481 Buy All / Sell More Below
Banknifty Future [11943 - 12172 - 12325 - 12643 as par FnO Cues]
12469 Strong Resistance
12339-12379 Resistance Zone
12310 Resistance
12255 Trend Decider
12185-12220 Support Zone
12047 Weak Below
11953 Strong Support
11794-11831 Buy All
Wednesday, March 19, 2014
Update on Nifty Spot
Previous two Highest closes on daily basis has been 6537.25 and 6535.75. No surprise Nifty is struggling as it is very close to the values.
Pre-Market Levels For 19th March, 2014 Working
Nifty Future [6501- 6577 - 6672 as par FnO Cues]
6633-6643 Sell All
6600-6605 Stiff Resistance
6582-6592 Resistance / Support / Consolidation
6573 Weak Below
6546-6554 Buy All
Banknifty Future [12094 - 12225 - 12563 as par FnO Cues]
12615 Week T1
12469-12476 Sell Zone
12333-12377 Big Resistance
12283-12318 Resistance / consolidation
12185 Weak Below
12067-12124 Support / Buy Zone
6633-6643 Sell All
6600-6605 Stiff Resistance
6582-6592 Resistance / Support / Consolidation
6573 Weak Below
6546-6554 Buy All
Banknifty Future [12094 - 12225 - 12563 as par FnO Cues]
12615 Week T1
12469-12476 Sell Zone
12333-12377 Big Resistance
12283-12318 Resistance / consolidation
12185 Weak Below
12067-12124 Support / Buy Zone
Tuesday, March 18, 2014
Update
If 6450 Holds(Including the 2nd trendline or 0-b line), Nifty will be in x-wave still unless crosses 6563 and closes above it. If 6450 breaks from here we may be in the b-leg of the 2nd corrective. Picture may get clearer in 1/2 days.
Sunday, March 16, 2014
Bearish Wolf Wave in Nifty Spot Hourly Chart
Break below 1-3 line will be weakness, followed by break below 2-4 Line and target will be 1-4 Line. As of now sustaining below 6480-6490 area may bring in weakness. On the higher side about 6600 and 6650 are the next two targets.
Pre-Market Levels For 18th March, 2014 Working
Nifty Future [6488 - 6561 as par FnO Cues]
6623 Sell All
6611 Resistance
6587-6594 Stiff Resistance / Sell Zone / Buy or Hold above
6574 Sell Zone / Buy or hold above
6552 Key Level
6534-6546 Consolidation Zone
6516 Good Suport
6495-6500 Weak below
6478-6488 Big Support
6461-6470 Buy All / Sell All below
Banknifty Future [11806 - 12169 as par FnO Cues]
12334-12377 Sell All
12318 Resistance
12259-12266 Sell All / Buy More Above
12122-12188 Support / Resistance
12050-10071 Consolidation / Support
11913-11954 Buy All / Sell All below
6623 Sell All
6611 Resistance
6587-6594 Stiff Resistance / Sell Zone / Buy or Hold above
6574 Sell Zone / Buy or hold above
6552 Key Level
6534-6546 Consolidation Zone
6516 Good Suport
6495-6500 Weak below
6478-6488 Big Support
6461-6470 Buy All / Sell All below
Banknifty Future [11806 - 12169 as par FnO Cues]
12334-12377 Sell All
12318 Resistance
12259-12266 Sell All / Buy More Above
12122-12188 Support / Resistance
12050-10071 Consolidation / Support
11913-11954 Buy All / Sell All below
Saturday, March 15, 2014
Friday, March 14, 2014
Update
Fingers crossed. likely to be a X-wave, 2nd channel support line didn't break. The bias even hasn't changed yet ? Let us watch for a couple of days.
Update
During first leg up of 1st corrective all falls lasted about 7-8 days. This may turn out to be a good clue for us.
Update
First T/Lgot broken and price is approaching Second Trendline. If second trendline is also broken then X-wave is out of contention.
Update
Today there could be a bias change if Nifty is able to close below 6476.65 i.e break in the uptrend.
Update
Is it an x-wave or b-leg after a-leg of the 2nd corrective or is it going to be a traingle in the 2nd corrective first leg itself ? Let us wait and watch.
Pre-Market Levels For 14th March, 2014 Working
Nifty Future [6471 - 6543 as par FnO Cues]
6588-6593 Sell All
6569-6577 Sell Zone
6542-6551 Strong Resistance
6521-6529 Weak Below / Strong Above
6486 Strength Above
6470 Buy Here or Holding / Sell All below
6452-6462 Big Support / Sell Below
6452-6462 Big Support / Sell Below
6541 Last Support
Banknifty Future [11655 - 12240 as par FnO Cues]
12266 Sell All / Buy More Above
12200-12223 Sell All / Buy More Above
12047-12086 Consolidation Zone
11936-11985 Strong Support / Weak Below
11820-11880 Strong Support
11729-11788 Buy Zone
11666-11696 Buy All / Sell All below
6588-6593 Sell All
6569-6577 Sell Zone
6542-6551 Strong Resistance
6521-6529 Weak Below / Strong Above
6486 Strength Above
6470 Buy Here or Holding / Sell All below
6452-6462 Big Support / Sell Below
6452-6462 Big Support / Sell Below
6541 Last Support
Banknifty Future [11655 - 12240 as par FnO Cues]
12266 Sell All / Buy More Above
12200-12223 Sell All / Buy More Above
12047-12086 Consolidation Zone
11936-11985 Strong Support / Weak Below
11820-11880 Strong Support
11729-11788 Buy Zone
11666-11696 Buy All / Sell All below
Thursday, March 13, 2014
Nifty Spot Intraday Update
First corrective a-b-c inside second higher level corrective [a]-leg got over already. Presently we may be in an x-wave thereafter. Nifty Trading in a range therafter. Breakout or breakdown above or below this range will throw more light in Nifty's planned future moves. The trendline supports are clearly there, holding them will ensure continuation of the uptrend. Since the introduction of VIX future trading there has been extremely high volatility in Nifty, don't know if it would be good for the small traders. Trade the levels, charts can adjust.
Pre-Market Levels For 13th March, 2014 Working
Nifty Future [6339 - 6757 as par FnO Cues]
6623 Sell All / Hold Above
6557-6562 Stiff Resistance
6540-6545 Crucial / Buy above / Sell below
6531 Crucial for Week
6521-6526 Support / Buy Zone / Weak below
6486 Crucial for the week
6464-6476 Strong Buy Zone / Sell All below
6462 Buy All / Sell All below
-----------------------------------------------------------------------------------------------------------
Banknifty Future [11703 - 12474 as par FnO Cues]
12321-12328 Sell All
12112-12166 Resistance Zone
12001-12074 Consolidation Zone
11909-11936 Big Support / Weak below
11723-11775 Buy All / Sell All Below
11579 Key for week
6623 Sell All / Hold Above
6606-6612 Sell Zone
6581-6593 Sell Zone6557-6562 Stiff Resistance
6540-6545 Crucial / Buy above / Sell below
6531 Crucial for Week
6521-6526 Support / Buy Zone / Weak below
6486 Crucial for the week
6464-6476 Strong Buy Zone / Sell All below
6462 Buy All / Sell All below
-----------------------------------------------------------------------------------------------------------
Banknifty Future [11703 - 12474 as par FnO Cues]
12321-12328 Sell All
12112-12166 Resistance Zone
12001-12074 Consolidation Zone
11909-11936 Big Support / Weak below
11723-11775 Buy All / Sell All Below
11579 Key for week
Wednesday, March 12, 2014
Update
Chances are there for price to oscillate between 6450-6620 Nifty spot for some time. Structure will be clear soon.
Update on Nifty Future
6550 base is getting built for Nifty Future. This will be the level to watch out for in future.
Pre-Market Levels For 12th March, 2014 Working
Nifty Future [6321 - 6757 as par FnO Cues]
6581-6593 Sell All
6562-6568 Strong Resistance
6555 Buy above / Sell below
6532-6542 Strength Above / Weak below
6521 Support / Sell Below
6504-6514 Support
6497 EOD importatnt
6481-6488 Buy All
6451 Sell All below
-----------------------------------------------------------------------------------------------------------
Banknifty Future [11757 - 12464 as par FnO Cues]
12321-12328 Sell All
12268 Resistance
12201-12235 Stiff Resistance
12191 Buy Above / Sell Below
12013-12060 Support Zone
11905-11970 Big Support
11823 EOD important
11652-11729 Buy All
6581-6593 Sell All
6562-6568 Strong Resistance
6555 Buy above / Sell below
6532-6542 Strength Above / Weak below
6521 Support / Sell Below
6504-6514 Support
6497 EOD importatnt
6481-6488 Buy All
6451 Sell All below
-----------------------------------------------------------------------------------------------------------
Banknifty Future [11757 - 12464 as par FnO Cues]
12321-12328 Sell All
12268 Resistance
12201-12235 Stiff Resistance
12191 Buy Above / Sell Below
12013-12060 Support Zone
11905-11970 Big Support
11823 EOD important
11652-11729 Buy All
Tuesday, March 11, 2014
Update of Nifty Spot
About 6 more hours atleast logically required for completion of probable iv th wave of larger c-wave. 6600 will be big resistance i.e. EOD close above 6600 will be very difficult for a day or more than 1 day. Trendlines needs to be watched to identify completion of first a-leg of the 2nd corrective. Holding the earlier achieved targets i.e. Target 1 6496.61 (Done) / Target 2 - 6529.78 (Done) crucial. Trade the levels, charts can adjust.
Update
Today onwards this kind of volatility may be expected on every tuesday. Why ? Because tuesdays will be the expiry for the India Vix Future contracts.
Pre-Market Levels For 11th March, 2014 Working
Nifty Future [5893 - 6808 as par FnO Cues]
6616-6626 Sell All
6601-6608 Strong Resistance
6588 Resistance
6567 Buy and Hold Above / Sell Below
6547-6553 Support Zone / Weak Below / Sell More Below
6533 Support
6502-6512 Strong Support / Buy Zone
6484 Buy All
-----------------------------------------------------------------------------------------------------------
Banknifty Future [10903 - 12595 as par FnO Cues]
12437 Sell All
12364 Stiff Resistance
12260-12321 Sell Zone
11976-12012 Big Support / Weak below
11936 Buy all / Sell below
10881-10918 Support
10698-10717 Big Buy Zone
6616-6626 Sell All
6601-6608 Strong Resistance
6588 Resistance
6567 Buy and Hold Above / Sell Below
6547-6553 Support Zone / Weak Below / Sell More Below
6533 Support
6502-6512 Strong Support / Buy Zone
6484 Buy All
-----------------------------------------------------------------------------------------------------------
Banknifty Future [10903 - 12595 as par FnO Cues]
12437 Sell All
12364 Stiff Resistance
12260-12321 Sell Zone
12131-12158 Support / Resistance
12046-12068 Good Support 11976-12012 Big Support / Weak below
11936 Buy all / Sell below
10881-10918 Support
10698-10717 Big Buy Zone
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