Thursday, March 27, 2014

Update

Calls for the day 28/03/2014 updated in Stocks Blog.

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

Third set of targets done - 6655 - 6657.1.

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.

Wolf Wave update on Hourly Chart of Nifty Spot


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

Now 6625 and 6618 will support Nifty Future and spot respectively.

Update

Commodities Blog updated with Call for the day.

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