Tuesday, April 29, 2014
Update on Nifty Spot
Break of 6665.15 would confirm completion of A-leg of second corrective for Nifty Spot. Normally f-leg diametric target has been done with and only a break below 6706 would call for a bigger correction.
Pre-Market Levels For 29th 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
6848-6852 Sell All
6835-6844 Sell Zone
6819-6828 Resistance
6807-6815 Strength Above
6787-6796 Weak Below
6766-6771 Big Support
6753-6758 Support / Buy Zone
6747 Strong Buy Zone
6716-6725 Buy All
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Buy Above or Closer to 6822.00 Target1 - 6839 Target2 6856 Target3 - 6867 Target4 - 6893 Target5 - 6895 Target6 - 6911 Target7 - 6929 S/L 6818.00-(aggr) /6801.85-(Cons)
OR
Buy Closer to or C.O Above 6783.70 Target1 - 6818-6822 Target2 - 6839 Target3 6856 Target4 - 6867 Target5 - 6893 Target6 - 6895 Target7 - 6911 Target8 - 6929 S/L 6783.70 or Day's Low
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Sell Below or Closer to 6818.00 Target1 - 6801 Target2 - 6784 Target3 - 6773 Target4 - 6747 Target5 - 6745 Target6 - 6729 Target7 - 6711 S/L 6822.00-(aggr) /6838.15-(Cons)
OR
Sell Closer to or C.O Below 6856.30 Target1 - 6822-6818 Target2 - 6801 Target3 - 6784 Target4 - 6773 Target5 - 6747 Target6 - 6745 Target7 - 6729 Target8 - 6711 S/L 6856.30 or Day's High
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If Ranged then 6798 - 6803 to 6822 - 6827 will be the trading range, with +/- 1 Point Possible Deviation extra for every Hour
OR
If Ranged then 6813 - 6818 to 6851 -6856 will be the trading range, with +/- 1 Point Possible Deviation extra for every Hour
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Banknifty Future
13309 Sell Zone
13137-13178 Resistance
12958-13014 Support Zone
12794-12856 Buy Zone
12612-12652 Buy All
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Buy Above or Closer to 13199.30 Target1 - 13214 Target2 13242 Target3 - 13270 Target4 - 13316 Target5 - 13437 Target6 - 13498 Target7 - 13558 S/L 13191.50-(aggr) /13134.95-(Cons)
OR
Buy Closer to or C.O Above 13074.50 Target1 - 13191-13199 Target2 - 13214 Target3 13242 Target4 - 13270 Target5 - 13316 Target6 - 13437 Target7 - 13498 Target8 - 13558 S/L 13074.50 or Day's Low
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Sell Below or Closer to 13191.50 Target1 - 13177 Target2 - 13149 Target3 - 13120 Target4 - 13074 Target5 - 12954 Target6 - 12893 Target7 - 12833 S/L 13199.30-(aggr) /13255.85-(Cons)
OR
Sell Closer to or C.O Below 13316.30 Target1 - 13199-13191 Target2 - 13177 Target3 - 13149 Target4 - 13120 Target5 - 13074 Target6 - 12954 Target7 - 12893 Target8 - 12833 S/L 13316.30
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If Ranged then 13064 - 13075 to 13138 - 13149 will be the trading range, with +/- 10 Points Possible Deviation extra for every Hour
OR
If Ranged then 13181 - 13192 to 13305 -13316 will be the trading range, with +/- 10 Points Possible Deviation extra for every Hour
-------------------------------------------------------------------------------------------------------------------------
For Nifty +/- 5/6 Points and for Banknifty +/-10-12 Points, is allowed deviation
Nifty Future
6848-6852 Sell All
6835-6844 Sell Zone
6819-6828 Resistance
6807-6815 Strength Above
6787-6796 Weak Below
6766-6771 Big Support
6753-6758 Support / Buy Zone
6747 Strong Buy Zone
6716-6725 Buy All
-------------------------------------------------------------------------------------------------------------------------
Buy Above or Closer to 6822.00 Target1 - 6839 Target2 6856 Target3 - 6867 Target4 - 6893 Target5 - 6895 Target6 - 6911 Target7 - 6929 S/L 6818.00-(aggr) /6801.85-(Cons)
OR
Buy Closer to or C.O Above 6783.70 Target1 - 6818-6822 Target2 - 6839 Target3 6856 Target4 - 6867 Target5 - 6893 Target6 - 6895 Target7 - 6911 Target8 - 6929 S/L 6783.70 or Day's Low
-------------------------------------------------------------------------------------------------------------------------
Sell Below or Closer to 6818.00 Target1 - 6801 Target2 - 6784 Target3 - 6773 Target4 - 6747 Target5 - 6745 Target6 - 6729 Target7 - 6711 S/L 6822.00-(aggr) /6838.15-(Cons)
OR
Sell Closer to or C.O Below 6856.30 Target1 - 6822-6818 Target2 - 6801 Target3 - 6784 Target4 - 6773 Target5 - 6747 Target6 - 6745 Target7 - 6729 Target8 - 6711 S/L 6856.30 or Day's High
-------------------------------------------------------------------------------------------------------------------------
If Ranged then 6798 - 6803 to 6822 - 6827 will be the trading range, with +/- 1 Point Possible Deviation extra for every Hour
OR
If Ranged then 6813 - 6818 to 6851 -6856 will be the trading range, with +/- 1 Point Possible Deviation extra for every Hour
-------------------------------------------------------------------------------------------------------------------------
Banknifty Future
13309 Sell Zone
13137-13178 Resistance
12958-13014 Support Zone
12794-12856 Buy Zone
12612-12652 Buy All
-------------------------------------------------------------------------------------------------------------------------
Buy Above or Closer to 13199.30 Target1 - 13214 Target2 13242 Target3 - 13270 Target4 - 13316 Target5 - 13437 Target6 - 13498 Target7 - 13558 S/L 13191.50-(aggr) /13134.95-(Cons)
OR
Buy Closer to or C.O Above 13074.50 Target1 - 13191-13199 Target2 - 13214 Target3 13242 Target4 - 13270 Target5 - 13316 Target6 - 13437 Target7 - 13498 Target8 - 13558 S/L 13074.50 or Day's Low
-------------------------------------------------------------------------------------------------------------------------
Sell Below or Closer to 13191.50 Target1 - 13177 Target2 - 13149 Target3 - 13120 Target4 - 13074 Target5 - 12954 Target6 - 12893 Target7 - 12833 S/L 13199.30-(aggr) /13255.85-(Cons)
OR
Sell Closer to or C.O Below 13316.30 Target1 - 13199-13191 Target2 - 13177 Target3 - 13149 Target4 - 13120 Target5 - 13074 Target6 - 12954 Target7 - 12893 Target8 - 12833 S/L 13316.30
-------------------------------------------------------------------------------------------------------------------------
If Ranged then 13064 - 13075 to 13138 - 13149 will be the trading range, with +/- 10 Points Possible Deviation extra for every Hour
OR
If Ranged then 13181 - 13192 to 13305 -13316 will be the trading range, with +/- 10 Points Possible Deviation extra for every Hour
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