Trade the Levels, Charts Can Adjust.
For Nifty +/- 5/6 Points and for Banknifty +/-10-12 Points, is allowed deviation
7690-7740 is enormous resistance for Nifty Spot and if cleared well, will become big support for the Month and vice versa.
Nifty Future
Weak below 7785-7791 and Strong above it. Main Support 7743-7754 and 7777-7783 and Main Resistances 7816-7825 and 7833-7846. 7816 is Day Shocker. Day SAR is at 7631. 7733 (Sustaining Below) is First S/L for Longs.
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Buy Above or Closer to 7793.55 Target1 - 7810.20 Target2 7838.40 Target3 - 7846.00 Target4 - 7866.55 Target5 - 7883.45 Target6 - 7900.35 Target7 - 7927.55 Target8 - 7954.75 S/L 7789.55-(aggr) /7764.35-(Cons)
OR
Buy Closer to or C.O Above 7737.15 - 7744.70 Target1 - 7772.80 Target2 - 7789.55-7793.55 Target3 - 7810.20 Target4 7838.40 Target5 - 7846.00 Target6 - 7866.55 Target7 - 7883.45 Target8 - 7900.35 Target9 - 7927.55 Target10 - 7954.75 S/L 7737.15 or Day's Low
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Sell Below or Closer to 7789.55 Target1 - 7772.80 Target2 - 7744.70 Target3 - 7737.15 Target4 - 7716.55 Target5 - 7699.65 Target6 - 7682.75 Target7 - 7655.55 Target8 - 7628.35 S/L 7793.55-(aggr) /7818.75-(Cons)
OR
Sell Closer to or C.O Below 7845.95 Target1 - 7793.55-7789.55 Target2 - 7772.80 Target3 - 7744.70 Target4 - 7737.15 Target5 - 7716.55 Target6 - 7699.65 Target7 - 7682.75 Target8 - 7655.55 Target9 - 7628.35 S/L 7845.95 or Day's High
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Banknifty Future
Weak below 15481-15493 and Strong above it. Main Support 15385-15448 and Main Resistances 15616-15632 and 15719-15775. 15632 is Day Shocker. Day SAR is at 15065. 15385 (Sustaining Below) is First S/L for Longs.
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Buy Above or Closer to 15498.55 Target1 - 15513.30 Target2 15541.45 Target3 - 15569.60 Target4 - 15672.85 Target5 - 15762.00 Target6 - 15851.10 Target7 - 15940.25 Target8 - 16029.35 S/L 15490.60-(aggr) /15405.45-(Cons)
OR
Buy Closer to or C.O Above 15316.35 - 15447.70 Target1 - 15475.90 Target2 - 15490.60-15498.55 Target3 - 15513.30 Target4 15541.45 Target5 - 15569.60 Target6 - 15672.85 Target7 - 15762.00 Target8 - 15851.10 Target9 - 15940.25 Target10 - 16029.35 S/L 15316.35 or Day's Low
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Sell Below or Closer to 15490.60 Target1 - 15475.90 Target2 - 15447.70 Target3 - 15419.60 Target4 - 15316.35 Target5 - 15227.20 Target6 - 15138.10 Target7 - 15048.95 Target8 - 14959.85 S/L 15498.55-(aggr) /15583.75-(Cons)
OR
Sell Closer to or C.O Below 15672.85 Target1 - 15498.55-15490.60 Target2 - 15475.90 Target3 - 15447.70 Target4 - 15419.60 Target5 - 15316.35 Target6 - 15227.20 Target7 - 15138.10 Target8 - 15048.95 Target9 - 14959.85 S/L 15672.85 or Day's High
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