Wednesday, April 23, 2014

Update on Nifty Spot

Close below 6820.75 i.e. low of today will only confirm completion of g-leg if it happens tomorrow. Bias is positive till now.

Update

6895-6960 (Max +/- 10/15 points) may be the target for diametric g-leg, if the rally continues.

Update on Nifty Spot

Nifty Spot will be weak, only if we get an EOD close below 6806.25.

Pre-Market Levels For 23rd April, 2014 Working

Trade the levels, Charts can adjust 
For Nifty +/- 5/6 Points and for Banknifty +/-10-12 Points, is allowed deviation

Nifty Future
6878                                                                                       Sell All / 6877 - Week T2
6864-6871                                                                              Sell Zone
6843-6854                                                                              Strong Resistance / Hold Longs Above
6831-6836                                                                              Consolidation Zone / Weak Below
6815-6820                                                                              Support Zone
6795-6807                                                                              Buy Zone / Big Support
6782-6790                                                                              Buy All

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Buy Above or Closer to 6831.60 Target1 - 6848  Target2 6865 Target3 - 6876  Target4 - 6901 Target5 - 6905 Target6 - 6919 Target7 - 6937 S/L 6827.60-(aggr) /6811.70-(Cons) 
OR
Buy Closer to or C.O Above 6793.80 Target1 - 6828-6832 Target2 - 6848  Target3 6865 Target4 - 6876  Target5 - 6901 Target6 - 6905 Target7 - 6919 Target8 - 6937 S/L 6793.80 or Day's Low
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Sell Below or Closer to 6827.60 Target1 - 6811  Target2 - 6794  Target3 - 6783 Target4 - 6758 Target5 - 6755 Target6 - 6740 Target7 - 6722 S/L 6831.60-(aggr) /6847.51-(Cons) 
OR
Sell Closer to  or C.O Below 6865.40 Target1 - 6832-6828 Target2 - 6811  Target3 - 6794  Target4 - 6783 Target5 - 6758 Target6 - 6755 Target7 - 6740 Target8 - 6722 S/L 6865.40 or Day's High  
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If Ranged then 6808 - 6813 to 6832 - 6837 will be the trading range, with +/- 1 Point Possible Deviation extra for every Hour
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Banknifty Future
13587                                                                                   Week T3
13259-13307                                                                        Sell All / 13307 - Week T2
13111-13205                                                                        Sell Zone / Hold Longs Above
12999-13078                                                                        Resistance Zone
12935-12964                                                                        Support Zone
12781-12864                                                                        Buy All
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Buy Above or Closer to 13005.70 Target1 - 13021  Target2 13049 Target3 - 13077  Target4 - 13127 Target5 - 13252 Target6 - 13314 Target7 - 13376 S/L 12998.05-(aggr) /12939.40-(Cons) 
OR
Buy Closer to or C.O Above 12877.00 Target1 - 12998-13006 Target2 - 13021  Target3 13049 Target4 - 13077  Target5 - 13127 Target6 - 13252 Target7 - 13314 Target8 - 13376 S/L 12877.00 or Day's Low 
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Sell Below or Closer to 12998.05 Target1 - 12983  Target2 - 12955  Target3 - 12927 Target4 - 12877 Target5 - 12752 Target6 - 12690 Target7 - 12627 S/L 13005.70-(aggr) /13064.30-(Cons) 
OR
Sell Closer to  or C.O Below 13126.70 Target1 - 13006-12998 Target2 - 12983  Target3 - 12955  Target4 - 12927 Target5 - 12877 Target6 - 12752 Target7 - 12690 Target8 - 12627 S/L 13126.70 or Day's High  
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If Ranged then 12930 - 12941 to 13006 - 13017 will be the trading range, with +/- 10 Points Possible Deviation extra for every Hour
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Update

Calls for the day 23rd April, 2014 updated in the Stocks Blog.