Trade the Levels, Charts Can Adjust.
For Nifty +/- 5/6 Points and for Banknifty +/-10-12 Points, is allowed deviation
7690-7721 is enormous resistance for Nifty Spot and if cleared well, will become big support for the Month.
Nifty Future
Weak below 7715 and Strong above 7740. 7712-7715 Main Support and 7762-7772 and 7805 Main Resistances. 7737-7740 is Key. Day SAR is at 7619.
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Buy Above or Closer to 7738.06 Target1 - 7754.70 Target2 7778.58 Target3 - 7782.90 Target4 - 7811.05 Target5 - 7816.08 Target6 - 7821.10 Target7 - 7842.37 Target8 - 7863.63 S/L 7734.04-(aggr) /7714.79-(Cons)
OR
Buy Closer to or C.O Above 7693.52 Target1 - 7734.04-7738.06 Target2 - 7754.70 Target3 7778.58 Target4 - 7782.90 Target5 - 7811.05 Target6 - 7816.08 Target7 - 7821.10 Target8 - 7842.37 Target9 - 7863.63 S/L 7693.52 or Day's Low
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Sell Below or Closer to 7734.04 Target1 - 7717.30 Target2 - 7693.50 Target3 - 7689.20 Target4 - 7661.05 Target5 - 7656.02 Target6 - 7651.00 Target7 - 7629.73 Target8 - 7608.47 S/L 7738.06-(aggr) /7757.31-(Cons)
OR
Sell Closer to or C.O Below 7778.58 Target1 - 7738.06-7734.04 Target2 - 7717.30 Target3 - 7693.50 Target4 - 7689.20 Target5 - 7661.05 Target6 - 7656.02 Target7 - 7651.00 Target8 - 7629.73 Target9 - 7608.47 S/L 7778.58 or Day's High
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Banknifty Future
Weak below 15508 and Strong above 15558. 15508-15537 Main Supports and 15613-15646 and 15715 Main Resistances. 15567 is Key. Day SAR is at 15285.
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Buy Above or Closer to 15553.78 Target1 - 15568.50 Target2 15596.60 Target3 - 15624.80 Target4 - 15679.81 Target5 - 15744.83 Target6 - 15809.86 Target7 - 15874.89 Target8 - 15939.92 S/L 15545.72-(aggr) /15484.72-(Cons)
OR
Buy Closer to or C.O Above 15419.69 Target1 - 15545.72-15553.78 Target2 - 15568.50 Target3 15596.60 Target4 - 15624.80 Target5 - 15679.81 Target6 - 15744.83 Target7 - 15809.86 Target8 - 15874.89 Target9 - 15939.92 S/L 15419.69 or Day's Low
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Sell Below or Closer to 15545.72 Target1 - 15531.10 Target2 - 15502.90 Target3 - 15474.75 Target4 - 15419.69 Target5 - 15354.67 Target6 - 15289.64 Target7 - 15224.61 Target8 - 15159.58 S/L 15553.78-(aggr) /15614.78-(Cons)
OR
Sell Closer to or C.O Below 15679.81 Target1 - 15553.78-15545.72 Target2 - 15531.10 Target3 - 15502.90 Target4 - 15474.75 Target5 - 15419.69 Target6 - 15354.67 Target7 - 15289.64 Target8 - 15224.61 Target9 - 15159.58 S/L 15679.81 or Day's High
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