Friday, May 30, 2014

Update on Nifty Spot

Close below 7224 will be quite negative.

Update

As of now Nifty is looking weak for more fall on  Monday and extent of fall will determine the structure.

Nifty Future Update

4 times in buy /sell both we have got target 1(50% Profit Booking Area)  and as discussed in the morning Nifty oscillated in range since morning.

Update

Long call still active.

Nifty Spot Hourly Chart - Several Possibilities


Update

As discussed 7292-7300 acted as strong resistance.  As discussed Nifty is likely to oscillate in the day High and Low with some small deviation.

Update

7292-7300 is Huge Resistance for Nifty Future.

Update on Nifty Future

Needless to say buy call got activated again and is about to reach the first Target again - 50% Profit booking Area.

Buy Above or Closer to 7267.70 Target1 - 7284.40  Target2 7304.80 Target3 - 7312.60  Target4 - 7340.70 Target5 - 7355.70 Target6 - 7370.70 Target7 - 7403.65 Target8 - 7436.60 S/L 7263.70-(aggr) /7219.35-(Cons)

Update

Nifty Future Weak below 7239 and 7211 (Hold Longs Above / Sell Below) is the Month S/L.

Update

Market May have finished the the day's range and may Oscillate between the High and the Low for the day. Only issue is with Nifty Spot Low 7118.45! LOL.

Update on Nifty Future

Initial Call
Buy Above or Closer to 7267.70 Target1 - 7284.40 (50% Booked) Stopped out at 7263.7

Cal Now at work
Sell Below or Closer to 7263.70 Target1 - 7247.00  (done 50% Booked) Target2 - 7218.90  Target3 - 7190.70 Target4 - 7173.00 Target5 - 7140.00 Target6 - 7107.10 Target7 - 7074.15 Target8 - 7041.20 S/L 7267.70-(aggr) /7285.25-(Cons)

Update

Today try to work with Nifty Spot levels.

Update

Spike Low made buy Nifty Spot at 7118.45!

Pre-Market Levels For 30th May, 2014 Working

Trade the Levels Charts Can Adjust
For Nifty +/- 5/6 Points and for Banknifty +/-10-12 Points, is allowed deviation

Nifty Spot
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Buy Above or Closer to 7237.65 Target1 - 7254.30  Target2 7282.50 Target3 - 7300.90  Target4 - 7310.65 Target5 - 7338.40 Target6 - 7366.15 Target7 - 7398.75 Target8 - 7431.40 S/L 7233.65-(aggr) /7203.05-(Cons)
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Sell Below or Closer to 7233.65 Target1 - 7216.90  Target2 - 7188.80  Target3 - 7170.40 Target4 - 7160.65 Target5 - 7132.90 Target6 - 7105.15 Target7 - 7072.55 Target8 - 7039.90 S/L 7237.65-(aggr) /7268.30-(Cons)

OR
Sell Closer to  or C.O Below 7300.90 Target1 - 7237.65-7233.65 Target2 - 7216.90  Target3 - 7188.80  Target4 - 7170.40 Target5 - 7160.65 Target6 - 7132.90 Target7 - 7105.15 Target8 - 7072.55 Target9 - 7039.90 S/L 7300.90 or Day's High  
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Nifty Future(7067-7199-7282-7305)
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Buy Above or Closer to 7267.70 Target1 - 7284.40  Target2 7304.80 Target3 - 7312.60  Target4 - 7340.70 Target5 - 7355.70 Target6 - 7370.70 Target7 - 7403.65 Target8 - 7436.60 S/L 7263.70-(aggr) /7219.35-(Cons)
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Sell Below or Closer to 7263.70 Target1 - 7247.00  Target2 - 7218.90  Target3 - 7190.70 Target4 - 7173.00 Target5 - 7140.00 Target6 - 7107.10 Target7 - 7074.15 Target8 - 7041.20 S/L 7267.70-(aggr) /7285.25-(Cons)

OR
Sell Closer to  or C.O Below 7304.80 Target1 - 7267.70-7263.70 Target2 - 7247.00  Target3 - 7218.90  Target4 - 7190.70 Target5 - 7173.00 Target6 - 7140.05 Target7 - 7107.10 Target8 - 7074.15 Target9 - 7041.20 S/L 7304.80 or Day's High  

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Banknifty Future(14910-15072-15279)
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Buy Above or Closer to 15066.65 Target1 - 15081.20  Target2 15109.35 Target3 - 15137.50  Target4 - 15256.30 Target5 - 15361.90 Target6 - 15467.50 Target7 - 15573.10 Target8 - 15678.70 S/L 15058.35-(aggr) /14948.20-(Cons)
OR
Buy Closer to or C.O Above 14833.90 Target1 - 15058.35-15066.65 Target2 - 15081.20  Target3 15109.35 Target4 - 15137.50  Target5 - 15256.30 Target6 - 15361.90 Target7 - 15467.50 Target8 - 15573.10 Target9 - 15678.70 S/L 14833.90 or Day's Low
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Sell Below or Closer to 15058.35 Target1 - 15043.80  Target2 - 15015.70  Target3 - 14987.50 Target4 - 14833.90 Target5 - 14728.30 Target6 - 14622.70 Target7 - 14517.10 Target8 - 14411.50 S/L 15066.65-(aggr) /15159.40-(Cons)
OR
Sell Closer to  or C.O Below 15256.30 Target1 - 15066.65-15058.35 Target2 - 15043.80  Target3 - 15015.70  Target4 - 14987.50 Target5 - 14833.90 Target6 - 14728.30 Target7 - 14622.70 Target8 - 14517.10 Target9 - 14411.50 S/L 15256.30 or Day's High  
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Update

Stocks Blog Updated with Calls for the day.