Update on Nifty Spot

It is almost confirmed (let's see by EOD) that a bias change in trend is happening today with a close below 6696.9. Nifty Still in downtrending channel and testing 0-x line support.

0-x Line has been hit

Update

One can book profit and exit the 6900 PE at 188 now.

Update

These bulls are reluctant to give up anything so easily!

Positional Call

Buy 6900 PE @CMP 170 S/L 155 Target 235.

Update on Nifty Spot

If the red support line i.e 0-x line breaks, nifty may correct more than 61.8% of the rise from 6481.35 -  6776.75 i.e by more than 183 points (approx). So, one can expect a fall upto 6593 (approx) minimum as par the present structure. Better be cautious for a couple of days. Watch the number 6726 for Nifty Spot, above it bullish and below it bearish. We would require the first confirmation with a close below 6696.9 (yesterday's low) and thereafter break of 0-x line as the second confirmation.

Update on Nifty Spot

Nifty has followed a downtrending channel, attempting 0-x line? Short S/L for the day 6770.46-(Aggressive)  /6783.08-(Conservative) for Nifty Future and 6738.10-(Aggressive) /6750.40-(Conservative) for Nifty Spot. Watchout for falling channel breakout.

Update

Calls for the day 4th April, 2014 updated in Commodities Blog.

Update

Calls for the day 4th April, 2014 updated in Stocks Blog.

Pre-Market Levels For 4th April, 2014 Working

Trade the levels, Charts can adjust Nifty Future
6828-6838                                                                    Sell Zone / Stiff resistance
6800-6810                                                                    Sell All / Buy More Above
6786                                                                             Sell Zone / Buy More Above
6865-6775                                                                    Strong Resistance / Buy More Above
6757-6759                                                                    Resistance / Support / key zone
6740-6745                                                                    Good Support
6730-6738                                                                    Support / Any close below or sustaining below                                                                                                                          6730 will be sign of weakness
6718-6725                                                                    Buy Zone / Strong Support / Very Weak Below
6700-6711                                                                    Support
6673-6684                                                                    Buy All



Banknifty Future
13017                                                                           Sell All
12922-12926                                                                Sell Zone
12827                                                                           Strong Above
12709-12792                                                                Stiff Resistance
12609-12655                                                                Weak Below
12540-12571                                                                Support Zone
12381-12469                                                                Big Support / Buy Zone / Very Weak below