Tuesday, March 25, 2014
Update on Nifty Spot
A-leg or first leg of 2nd corrective is still on as EZZ- x -??. c-d-a resistance line needs to be watched on the top.
Update on Nifty Spot
Market is likely to attempt a close above 6600 by expiry. If we consider the move upto 6591.5 from 6481.35 i.e approx 110 points as a-leg after diametric-x, then the present corrective is the b-leg undergoing and thereafter c-leg will start. Only a break and close below the 0-x line can cause some worry, which is about 6515 or so this hour. Buy in Dips for expiry it seems.
Update
6551 is the trend deciding level for the week for Nifty Spot, i.e above - bullish, below - bearish.
Pre-Market Levels For 25th March, 2014 Working
Trade the levels Charts can adjust
Nifty Future [6494-6529-6576-6601-6618 as par FnO Cues]
6640-6645 Sell All
6621-6630 Resistance
6599-6608 Sell All / Buy Above
6581-6588 Consolidation Zone
6569-6576 Buy Zone / Good Support
6555-6558 Strong Support
6536-6545 Buy All / Sell below
Banknifty Future [12096 - 12257 - 12392- 12459 - 12491 as par FnO Cues]
12567-12631 Sell All
12466-12489 Sell Zone / Buy Above
12379 Support
12221-12282 Buy Zone / Support Zone
12162 Support
12073-12123 Buy All / Weak Below
Nifty Future [6494-6529-6576-6601-6618 as par FnO Cues]
6640-6645 Sell All
6621-6630 Resistance
6599-6608 Sell All / Buy Above
6581-6588 Consolidation Zone
6569-6576 Buy Zone / Good Support
6555-6558 Strong Support
6536-6545 Buy All / Sell below
Banknifty Future [12096 - 12257 - 12392- 12459 - 12491 as par FnO Cues]
12567-12631 Sell All
12466-12489 Sell Zone / Buy Above
12379 Support
12221-12282 Buy Zone / Support Zone
12162 Support
12073-12123 Buy All / Weak Below
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