Thursday, March 13, 2014
Nifty Spot Intraday Update
First corrective a-b-c inside second higher level corrective [a]-leg got over already. Presently we may be in an x-wave thereafter. Nifty Trading in a range therafter. Breakout or breakdown above or below this range will throw more light in Nifty's planned future moves. The trendline supports are clearly there, holding them will ensure continuation of the uptrend. Since the introduction of VIX future trading there has been extremely high volatility in Nifty, don't know if it would be good for the small traders. Trade the levels, charts can adjust.
Pre-Market Levels For 13th March, 2014 Working
Nifty Future [6339 - 6757 as par FnO Cues]
6623 Sell All / Hold Above
6557-6562 Stiff Resistance
6540-6545 Crucial / Buy above / Sell below
6531 Crucial for Week
6521-6526 Support / Buy Zone / Weak below
6486 Crucial for the week
6464-6476 Strong Buy Zone / Sell All below
6462 Buy All / Sell All below
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Banknifty Future [11703 - 12474 as par FnO Cues]
12321-12328 Sell All
12112-12166 Resistance Zone
12001-12074 Consolidation Zone
11909-11936 Big Support / Weak below
11723-11775 Buy All / Sell All Below
11579 Key for week
6623 Sell All / Hold Above
6606-6612 Sell Zone
6581-6593 Sell Zone6557-6562 Stiff Resistance
6540-6545 Crucial / Buy above / Sell below
6531 Crucial for Week
6521-6526 Support / Buy Zone / Weak below
6486 Crucial for the week
6464-6476 Strong Buy Zone / Sell All below
6462 Buy All / Sell All below
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Banknifty Future [11703 - 12474 as par FnO Cues]
12321-12328 Sell All
12112-12166 Resistance Zone
12001-12074 Consolidation Zone
11909-11936 Big Support / Weak below
11723-11775 Buy All / Sell All Below
11579 Key for week
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