The Sell call gave upto target2( 7513.3) today.
Sell Below or Closer to 7558.10 Target1 - 7541.40 Target2 - 7513.30 Target3 - 7508.20 Target4 - 7485.10 Target5 - 7470.70 Target6 - 7456.35 Target7 - 7430.41 Target8 - 7404.45 S/L 7562.10-(aggr) /7586.05-(Cons)
and earlier Buy call gave upto target1
Buy Above or Closer to 7562.10 Target1 - 7578.80 Target2 7606.95 Target3 - 7612.00 Target4 - 7635.10 Target5 - 7649.48 Target6 - 7663.85 Target7 - 7689.80 Target8 - 7715.75 S/L 7558.10-(aggr) /7534.15-(Cons)
* Target 1 is always - 50% profit booking zone.
Friday, June 20, 2014
Update
Nifty has closed below last week low and hence closing is Weak. 7525 plus closing (EOD) will recover strength in the market. Nifty is foxing with the structure. Trade the levels as charts can adjust.
Nifty Spot Hourly Chart
Holding the gap area near 7500 Nifty spot if now breaks out above 7630-7640 in faster retracement the b-leg may be assumed to be over and it may then have resumed the c-leg of e-leg of diametric of the 2nd corrective. f and g-leg's may adjust slightly if some more time is taken to complete the diametric.
Update
Nifty Future
Weak below 7540 and Strong above 7564. 7577-7583 Main Resistance 7525-7527 Main Support.
As blogged.
Weak below 7540 and Strong above 7564. 7577-7583 Main Resistance 7525-7527 Main Support.
As blogged.
Pre-Market Levels For 20th 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
Weak below 7540 and Strong above 7564. 7577-7583 Main Resistance 7525-7527 Main Support.
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Buy Above or Closer to 7562.10 Target1 - 7578.80 Target2 7606.95 Target3 - 7612.00 Target4 - 7635.10 Target5 - 7649.48 Target6 - 7663.85 Target7 - 7689.80 Target8 - 7715.75 S/L 7558.10-(aggr) /7534.15-(Cons)
OR
Buy Closer to or C.O Above 7508.20 Target1 - 7558.10-7562.10 Target2 - 7578.80 Target3 7606.95 Target4 - 7612.00 Target5 - 7635.10 Target6 - 7649.48 Target7 - 7663.85 Target8 - 7689.80 Target9 - 7715.75 S/L 7508.20 or Day's Low
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Sell Below or Closer to 7558.10 Target1 - 7541.40 Target2 - 7513.30 Target3 - 7508.20 Target4 - 7485.10 Target5 - 7470.70 Target6 - 7456.35 Target7 - 7430.41 Target8 - 7404.45 S/L 7562.10-(aggr) /7586.05-(Cons)
OR
Sell Closer to or C.O Below 7612.00 Target1 - 7562.10-7558.10 Target2 - 7541.40 Target3 - 7513.30 Target4 - 7508.20 Target5 - 7485.10 Target6 - 7470.70 Target7 - 7456.35 Target8 - 7430.41 Target9 - 7404.45 S/L 7612.00 or Day's High
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Banknifty Future
Weak below 15037 and Strong above 15110. 15213-15224 and 15295 Main Resistances. 14950-15000 Main Support.
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Buy Above or Closer to 15115.85 Target1 - 15130.50 Target2 15158.70 Target3 - 15186.80 Target4 - 15213-15224 Target5 - 15281.10-15295 Target6 - 15365.70 Target7 - 15450.35 Target8 - 15534.95 S/L 15107.85-(aggr) /15027.25-(Cons)
OR
Buy Closer to or C.O Above 14942.60 Target1 - 15107.85-15115.85 Target2 - 15130.50 Target3 15158.70 Target4 - 15186.80 Target5 -15213-15224 Target6 - 15281.10-15295 Target7 - 15365.70 Target8 - 15450.35 Target9 - 15534.95 S/L 14942.60 or Day's Low
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Sell Below or Closer to 15107.84 Target1 - 15093.10 Target2 - 15065.00 Target3 - 15036.85 Target4 - 14942.61 Target5 - 14858.00 Target6 - 14773.37 Target7 - 14688.75 Target8 - 14604.13 S/L 15115.86-(aggr) /15196.45-(Cons)
OR
Sell Closer to or C.O Below 15281.10 Target1 - 15115.86-15107.84 Target2 - 15093.10 Target3 - 15065.00 Target4 - 15036.85 Target5 - 14942.61 Target6 - 14857.99 Target7 - 14773.35 Target8 - 14688.75 Target9 - 14604.13 S/L 15281.10 or Day's High
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For Nifty +/- 5/6 Points and for Banknifty +/-10-12 Points, is allowed deviation
Nifty Future
Weak below 7540 and Strong above 7564. 7577-7583 Main Resistance 7525-7527 Main Support.
-------------------------------------------------------------------------------------------------------------------------
Buy Above or Closer to 7562.10 Target1 - 7578.80 Target2 7606.95 Target3 - 7612.00 Target4 - 7635.10 Target5 - 7649.48 Target6 - 7663.85 Target7 - 7689.80 Target8 - 7715.75 S/L 7558.10-(aggr) /7534.15-(Cons)
OR
Buy Closer to or C.O Above 7508.20 Target1 - 7558.10-7562.10 Target2 - 7578.80 Target3 7606.95 Target4 - 7612.00 Target5 - 7635.10 Target6 - 7649.48 Target7 - 7663.85 Target8 - 7689.80 Target9 - 7715.75 S/L 7508.20 or Day's Low
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Sell Below or Closer to 7558.10 Target1 - 7541.40 Target2 - 7513.30 Target3 - 7508.20 Target4 - 7485.10 Target5 - 7470.70 Target6 - 7456.35 Target7 - 7430.41 Target8 - 7404.45 S/L 7562.10-(aggr) /7586.05-(Cons)
OR
Sell Closer to or C.O Below 7612.00 Target1 - 7562.10-7558.10 Target2 - 7541.40 Target3 - 7513.30 Target4 - 7508.20 Target5 - 7485.10 Target6 - 7470.70 Target7 - 7456.35 Target8 - 7430.41 Target9 - 7404.45 S/L 7612.00 or Day's High
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Banknifty Future
Weak below 15037 and Strong above 15110. 15213-15224 and 15295 Main Resistances. 14950-15000 Main Support.
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Buy Above or Closer to 15115.85 Target1 - 15130.50 Target2 15158.70 Target3 - 15186.80 Target4 - 15213-15224 Target5 - 15281.10-15295 Target6 - 15365.70 Target7 - 15450.35 Target8 - 15534.95 S/L 15107.85-(aggr) /15027.25-(Cons)
OR
Buy Closer to or C.O Above 14942.60 Target1 - 15107.85-15115.85 Target2 - 15130.50 Target3 15158.70 Target4 - 15186.80 Target5 -15213-15224 Target6 - 15281.10-15295 Target7 - 15365.70 Target8 - 15450.35 Target9 - 15534.95 S/L 14942.60 or Day's Low
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Sell Below or Closer to 15107.84 Target1 - 15093.10 Target2 - 15065.00 Target3 - 15036.85 Target4 - 14942.61 Target5 - 14858.00 Target6 - 14773.37 Target7 - 14688.75 Target8 - 14604.13 S/L 15115.86-(aggr) /15196.45-(Cons)
OR
Sell Closer to or C.O Below 15281.10 Target1 - 15115.86-15107.84 Target2 - 15093.10 Target3 - 15065.00 Target4 - 15036.85 Target5 - 14942.61 Target6 - 14857.99 Target7 - 14773.35 Target8 - 14688.75 Target9 - 14604.13 S/L 15281.10 or Day's High
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