For Nifty +/- 5/6 Points and for Banknifty +/-10-12 Points, is allowed deviation
Nifty Future(7306-7340-7421-7466)
7465-7475 Sell All
7456 Month T2
7440-7448 Sell Zone
7409-7420 Stiff Resistance
7395-7405 Resistance
7378 Long Above / Short Below
7354 Weak Below / Can Buy here
7326-7335 Strong Support Zone
7315-7320 Buy All / Sell All Below
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Buy Above or Closer to 7372.95 Target1 - 7389.70 Target2 7417.80 Target3 - 7433.00 Target4 - 7445.95 Target5 - 7470.50 Target6 - 7495.00 Target7 - 7526.00 Target8 - 7557.05 S/L 7368.95-(aggr) /7339.95-(Cons)
OR
Buy Closer to or C.O Above 7308.90 Target1 - 7368.95-7372.95 Target2 - 7389.70 Target3 7417.80 Target4 - 7433.00 Target5 - 7445.95 Target6 - 7470.50 Target7 - 7495.00 Target8 - 7526.00 Target9 - 7557.05 S/L 7308.90 or Day's Low
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Sell Below or Closer to 7368.95 Target1 - 7352.30 Target2 - 7324.10 Target3 - 7308.90 Target4 - 7295.95 Target5 - 7271.42 Target6 - 7246.90 Target7 - 7215.90 Target8 - 7184.90 S/L 7372.95-(aggr) /7401.95-(Cons)
OR
Sell Closer to or C.O Below 7432.98 Target1 - 7372.95-7368.95 Target2 - 7352.30 Target3 - 7324.10 Target4 - 7308.90 Target5 - 7295.95 Target6 - 7271.42 Target7 - 7246.90 Target8 - 7215.90 Target9 - 7184.90 S/L 7433.00 or Day's High
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Banknifty Future
15670-15728 Sell All
15563-15612 Sell Area
15444-15493 Strong Resistance / Sell Zone
15395 Bulls can take charge above and holding
15281-15360 Stiff Resistance / Sell Below / Buy
Above
15208-15238 Support Zone / Weak Below
15089-15117 Buy Zone
14909-14941 Buy All
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Buy Above or Closer to 15280.70 Target1 - 15295.20 Target2 15323.40 Target3 - 15351.50 Target4 - 15498.80 Target5 - 15609.95 Target6 - 15721.10 Target7 - 15832.20 Target8 - 15943.35 S/L 15272.40-(aggr) /15165.40-(Cons)
OR
Buy Closer to or C.O Above 15054.30 Target1 - 15272.40-15280.70 Target2 - 15295.20 Target3 15323.40 Target4 - 15351.50 Target5 - 15498.80 Target6 - 15609.95 Target7 - 15721.10 Target8 - 15832.20 Target9 - 15943.35 S/L 15054.30 or Day's Low
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Sell Below or Closer to 15272.40 Target1 - 15257.80 Target2 - 15229.70 Target3 - 15201.55 Target4 - 15054.30 Target5 - 14943.15 Target6 - 14832.00 Target7 - 14720.90 Target8 - 14609.75 S/L 15280.70-(aggr) /15387.70-(Cons)
OR
Sell Closer to or C.O Below 15498.80 Target1 - 15280.70-15272.40 Target2 - 15257.80 Target3 - 15229.70 Target4 - 15201.55 Target5 - 15054.30 Target6 - 14943.15 Target7 - 14832.00 Target8 - 14720.90 Target9 - 14609.75 S/L 15498.80 or Day's High
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Note :
- If Gap Up or Down and the Index Opens between Target Level One and Target Level Two then remain Long or Short as par situation with Buy Above or Sell Below Level as Stop Loss
- Normal Profit Booking Rule 50% at first target, 25% at second target and rest at third target or continue to hold keeping the first target as stop loss
- Only on trend days all targets may be met but try to book 50% after a 90-100 point move in Nifty
- On Range days it is often found that the trading happens between Target1 of Buy to Target1 of Sell Level
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