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
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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
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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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