Tuesday, June 3, 2014

Pre-Market Levels For 3rd June, 2014 Working

Trade the Levels Charts Can Adjust
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 : 
  1. 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
  2. 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
  3. Only on trend days all targets may be met but try to book 50% after a 90-100 point move in Nifty
  4. On Range days it is often found that the trading happens between Target1 of Buy to Target1 of Sell Level 

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