Thursday, March 27, 2014
Nifty Spot Looking Strong for Much Higher Targets
7058.95 is the target by 15/16th April or by 3/4th April if Minimum 577.6 Points move happens. The red line must hold for this expected upmove else we may have to calculate differently.
Update
Now 6680 is the Sell Zone for Nify Future. Whenever the F&O limit is crossed intraday (6649 was it for today), Nifty Future is usually punished the same day or the very next day.
Update on Nifty Spot Hourly Chart
The set of targets mentioned in the Hourly chart below. Appraoching the black channel top between 6650-6660
Approaching the Strong Resistance line in Daily Chart also.Update on Nifty Future
As projected in F&O cues sustaining above 6649 may be very difficult for Nifty Future, if it can then some more short covering rally may come.
Update on Nifty Spot
Black channel top is about 6645 this hour. Hence a profit booking may crop up in next 10 points. Caution needed intraday. 6590-6600 / 6618 Level is support.
Update on Nifty Spot
2nd target range done 6633-6337 now next level is 6655-6657. See chart to refer values. 6637 is the crucial level to give more upsides to Nifty.
Update on Nifty Spot
Follow the Black Channel and the Red 0-x Support line. Seeing the Black channel max low for the day may be 6585 and max high 6660 for Nifty Spot.
Pre-Market Levels For 27th March, 2014 Working
Trade the levels Charts can adjust
Expiry Blue Range for the day for Nifty Future 6540-6663
Nifty Future [6429-6597-6649 as par FnO Cues]
6667-6674 Sell All
6640-6649 Sell Zone / Buy More Above
6619-6527 Key Resistance / Level
6596-6611 Buy Zone
6575-6580 Big Buy Zone / Sell All below
6568 Buy all
6545-6556 Strong Support
Banknifty Future [12203 - 12521 - 12620 as par FnO Cues]
12748-12836 Sell All / 12776 - Week T1
12713 Stiff Resistance
12574-12620 Strong Resistance / Key Zone
12521-12527 Weak Below / Support
12446-12469 Support Zone
12237-12320 Buy All
Expiry Blue Range for the day for Nifty Future 6540-6663
Nifty Future [6429-6597-6649 as par FnO Cues]
6667-6674 Sell All
6640-6649 Sell Zone / Buy More Above
6619-6527 Key Resistance / Level
6596-6611 Buy Zone
6575-6580 Big Buy Zone / Sell All below
6568 Buy all
6545-6556 Strong Support
Banknifty Future [12203 - 12521 - 12620 as par FnO Cues]
12748-12836 Sell All / 12776 - Week T1
12713 Stiff Resistance
12574-12620 Strong Resistance / Key Zone
12521-12527 Weak Below / Support
12446-12469 Support Zone
12237-12320 Buy All
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