Friday, May 16, 2014
Congrats
Congratulations Mr. Narendra Modi, the next Prime Minister of India and the BJP for such resounding Victory.
Pre-Market Levels For 16th May, 2014 Working
Trade the levels, Charts can adjust
For Nifty +/- 5/6 Points and for Banknifty +/-10-12 Points, is allowed deviation
Nifty Future
7341 Sell All
7251-7288 Strong Resistance
7217-7225 Resistance
7191-7202 Sell All / Buy All above
7173-7179 Stiff Resistance / Buy More Above
7155 Long Above / Short Below
7138-7144 Consolidation Zone / Only Longs Above / Only Shorts Below
7110-7122 Big Support / Buy Zone / Sell All Below
7091-7099 Strong Support / Weak Below
7066-7075 Strongest Support
7057 Support
7029-7038 Last Support
6997-7015 Buy All
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Buy Above or Closer to 7145.10 Target1 - 7162 Target2 7190 Target3 - 7192 Target4 - 7218 Target5 - 7240 Target6 - 7264 Target7 - 7289 S/L 7141.10-(aggr) /7118.85-(Cons)
OR
Buy Closer to or C.O Above 7094.55 Target1 - 7141-7145 Target2 - 7162 Target3 7190 Target4 - 7192 Target5 - 7218 Target6 - 7240 Target7 - 7264 Target8 - 7289 S/L 7094.55 or Day's Low
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Sell Below or Closer to 7141.10 Target1 - 7124 Target2 - 7096 Target3 - 7095 Target4 - 7068 Target5 - 7046 Target6 - 7022 Target7 - 6998 S/L 7145.10-(aggr) /7167.35-(Cons)
OR
Sell Closer to or C.O Below 7191.65 Target1 - 7145-7141 Target2 - 7124 Target3 - 7096 Target4 - 7095 Target5 - 7068 Target6 - 7046 Target7 - 7022 Target8 - 6998 S/L 7191.65 or Day's High
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If Ranged then 7115 - 7120 / 7136 - 7141 to 7145 - 7150 / 7187 - 7192 will be the trading range, with +/- 1 Point Possible Deviation extra for every Hour
Banknifty Future
14751-14826 Sell All
14517-14593 Big Resistance Zone
14409-14485 Strong Resistance / Sell Zone / All Longs Above
14296-14375 Resistance
14156-14256 Big Support / Buy Zone / Sell All
Below
13945 Big Buy Zone / Sell All Below
-------------------------------------------------------------------------------------------------------------------------
Buy Above or Closer to 14304.35 Target1 - 14319 Target2 14347 Target3 - 14375 Target4 - 14444 Target5 - 14587 Target6 - 14659 Target7 - 14731 S/L 14296.35-(aggr) /14228.65-(Cons)
OR
Buy Closer to or C.O Above 14156.90 Target1 - 14296-14304 Target2 - 14319 Target3 14347 Target4 - 14375 Target5 - 14444 Target6 - 14587 Target7 - 14659 Target8 - 14731 S/L 14156.90 or Day's Low
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Sell Below or Closer to 14296.35 Target1 - 14282 Target2 - 14253 Target3 - 14225 Target4 - 14157 Target5 - 14013 Target6 - 13942 Target7 - 13870 S/L 14304.35-(aggr) /14372.05-(Cons)
OR
Sell Closer to or C.O Below 14443.80 Target1 - 14304-14296 Target2 - 14282 Target3 - 14253 Target4 - 14225 Target5 - 14157 Target6 - 14013 Target7 - 13942 Target8 - 13870 S/L 14443.80 or Day's High
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For Nifty +/- 5/6 Points and for Banknifty +/-10-12 Points, is allowed deviation
Nifty Future
7341 Sell All
7251-7288 Strong Resistance
7217-7225 Resistance
7191-7202 Sell All / Buy All above
7173-7179 Stiff Resistance / Buy More Above
7155 Long Above / Short Below
7138-7144 Consolidation Zone / Only Longs Above / Only Shorts Below
7110-7122 Big Support / Buy Zone / Sell All Below
7091-7099 Strong Support / Weak Below
7066-7075 Strongest Support
7057 Support
7029-7038 Last Support
6997-7015 Buy All
-------------------------------------------------------------------------------------------------------------------------
Buy Above or Closer to 7145.10 Target1 - 7162 Target2 7190 Target3 - 7192 Target4 - 7218 Target5 - 7240 Target6 - 7264 Target7 - 7289 S/L 7141.10-(aggr) /7118.85-(Cons)
OR
Buy Closer to or C.O Above 7094.55 Target1 - 7141-7145 Target2 - 7162 Target3 7190 Target4 - 7192 Target5 - 7218 Target6 - 7240 Target7 - 7264 Target8 - 7289 S/L 7094.55 or Day's Low
-------------------------------------------------------------------------------------------------------------------------
Sell Below or Closer to 7141.10 Target1 - 7124 Target2 - 7096 Target3 - 7095 Target4 - 7068 Target5 - 7046 Target6 - 7022 Target7 - 6998 S/L 7145.10-(aggr) /7167.35-(Cons)
OR
Sell Closer to or C.O Below 7191.65 Target1 - 7145-7141 Target2 - 7124 Target3 - 7096 Target4 - 7095 Target5 - 7068 Target6 - 7046 Target7 - 7022 Target8 - 6998 S/L 7191.65 or Day's High
-------------------------------------------------------------------------------------------------------------------------
If Ranged then 7115 - 7120 / 7136 - 7141 to 7145 - 7150 / 7187 - 7192 will be the trading range, with +/- 1 Point Possible Deviation extra for every Hour
Banknifty Future
14751-14826 Sell All
14517-14593 Big Resistance Zone
14409-14485 Strong Resistance / Sell Zone / All Longs Above
14296-14375 Resistance
14156-14256 Big Support / Buy Zone / Sell All
Below
13945 Big Buy Zone / Sell All Below
-------------------------------------------------------------------------------------------------------------------------
Buy Above or Closer to 14304.35 Target1 - 14319 Target2 14347 Target3 - 14375 Target4 - 14444 Target5 - 14587 Target6 - 14659 Target7 - 14731 S/L 14296.35-(aggr) /14228.65-(Cons)
OR
Buy Closer to or C.O Above 14156.90 Target1 - 14296-14304 Target2 - 14319 Target3 14347 Target4 - 14375 Target5 - 14444 Target6 - 14587 Target7 - 14659 Target8 - 14731 S/L 14156.90 or Day's Low
-------------------------------------------------------------------------------------------------------------------------
Sell Below or Closer to 14296.35 Target1 - 14282 Target2 - 14253 Target3 - 14225 Target4 - 14157 Target5 - 14013 Target6 - 13942 Target7 - 13870 S/L 14304.35-(aggr) /14372.05-(Cons)
OR
Sell Closer to or C.O Below 14443.80 Target1 - 14304-14296 Target2 - 14282 Target3 - 14253 Target4 - 14225 Target5 - 14157 Target6 - 14013 Target7 - 13942 Target8 - 13870 S/L 14443.80 or Day's High
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