Friday, June 13, 2014

Update

7570 giving resistance to Nifty Future. Crossing this will give sharp upmove.

Update

Always follow the Pre-market Levels as charts can adjust. It has given efficient buy and sell calls.

Update on Nifty Spot

Triangle assumption invalidated by Nifty Price movement. Now we are left with b-leg under e-leg of diametric. We have to see if it has completed at the day's low at 7531.15 or further downside is left today / monday. Please refer 11th June chart under Nifty for lower targets.  If the market moves up 7622 Nifty Spot the b-leg will be assumed over and c-leg up will be assumed to have resumed. 7522 is the big support

Update

Price is approaching a crucial support 7522 given on 11th June (See chart under head Nifty).

Update on Banknifty future

Banknifty Future buy call invoked in the morning near 15540.4 has done almost upto target 4 (15696.1), 15690 day's high till now.

Triangle Status in Nifty Spot dated 13th Jun, 2014

The triangle may be complete. 
Triangle Targets
7929
7809
7764
7734
7704
Earlier e-leg Targets
7939
7823
7718

Market may complete the e-leg of the 2nd corrective somewhere near these values.
Timewise may be another 8 days left minimum. one can guess the next target after
a level is crossed i.e. if 7764 is crossed 7809-7823 will be the target and likewise.
Buy on dips and hold longs.


Update

Buy triggered.

Pre-Market Levels For 13th June, 2014 Working

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

Nifty Future (7654-7677-7701-7731-7745/54)
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Buy Above or Closer to 7666.65 Target1 - 7683.30  Target2 7711.50 Target3 - 7715.20  Target4 - 7739.65 Target5 - 7752.67 Target6 - 7765.70 Target7 - 7790.95 Target8 - 7816.20 S/L 7662.65-(aggr) /7639.40-(Cons)
OR
Buy Closer to or C.O Above 7614.15 Target1 - 7662.65-7666.65 Target2 - 7683.30  Target3 7711.50 Target4 - 7715.20  Target5 - 7739.65 Target6 - 7752.65 Target7 - 7765.70 Target8 - 7790.95 Target9 - 7816.20 S/L 7614.15 or Day's Low
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Sell Below or Closer to 7662.65 Target1 - 7645.90  Target2 - 7617.80  Target3 - 7614.15 Target4 - 7589.65 Target5 - 7576.65 Target6 - 7563.60 Target7 - 7538.35 Target8 - 7513.10 S/L 7666.65-(aggr) /7689.90-(Cons)
OR
Sell Closer to  or C.O Below 7715.15 Target1 - 7666.65-7662.65 Target2 - 7645.90  Target3 - 7617.80  Target4 - 7614.15 Target5 - 7589.65 Target6 - 7576.65 Target7 - 7563.60 Target8 - 7538.35 Target9 - 7513.10 S/L 7715.15 or Day's High  
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Banknifty Future(15287-15561/79-15671/76-15814-16076)
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Buy Above or Closer to 15540.40 Target1 - 15555.00  Target2 15583.20 Target3 - 15611.30  Target4 - 15696.10 Target5 - 15775.95 Target6 - 15855.85 Target7 - 15935.70 Target8 - 16015.60 S/L 15532.30-(aggr) /15456.50-(Cons)
OR
Buy Closer to or C.O Above 15376.60 Target1 - 15532.30-15540.40 Target2 - 15555.00  Target3 15583.20 Target4 - 15611.30  Target5 - 15696.10 Target6 - 15775.95 Target7 - 15855.85 Target8 - 15935.70 Target9 - 16015.60 S/L 15376.60 or Day's Low
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Sell Below or Closer to 15532.30 Target1 - 15517.60  Target2 - 15489.50  Target3 - 15461.35 Target4 - 15376.60 Target5 - 15296.75 Target6 - 15216.85 Target7 - 15137.00 Target8 - 15057.10 S/L 15540.40-(aggr) /15616.20-(Cons)
OR
Sell Closer to  or C.O Below 15696.10 Target1 - 15540.40-15532.30 Target2 - 15517.60  Target3 - 15489.50  Target4 - 15461.35 Target5 - 15376.60 Target6 - 15296.75 Target7 - 15216.85 Target8 - 15137.00 Target9 - 15057.10 S/L 15696.10 or Day's High  
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Update

Stocks blog has been updated with levels for the day.