Tuesday, June 24, 2014
Update on Nifty Future
Nothing to fear as long as Nifty Future is above 7580.75 /7554.80. Looking bullish for 7620-7640 today / tomorrow.
Nifty Future Update
Explaining today's trade. How you should have traded
The open was above Target1(7524.5) - Actual Open was 7525.6 and with S/L of Buy above or close to level i.e. 7507.75 one should have gone long. The details of this kind of open is given under Pre-Market Levels Menu Item.
The open was above Target1(7524.5) - Actual Open was 7525.6 and with S/L of Buy above or close to level i.e. 7507.75 one should have gone long. The details of this kind of open is given under Pre-Market Levels Menu Item.
Update on Nifty Spot
7535 crucial number for the day. Nifty must close above it EOD(End Of Day) for change of bias.
Pre-Market Levels For 24th 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 7495 and Strong above 7519. 7529 and 7552-7562 Main Resistances and 7490-7496 Main Support. Day SAR is at 7545.80.
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Buy Above or Closer to 7507.75 Target1 - 7524.50 Target2 7552.60 Target3 - 7554.80 Target4 - 7580.75 Target5 - 7592.30 Target6 - 7603.80 Target7 - 7628.32 Target8 - 7652.85 S/L 7503.75-(aggr) /7481.25-(Cons)
OR
Buy Closer to or C.O Above 7456.70 Target1 - 7503.75-7507.75 Target2 - 7524.50 Target3 7552.60 Target4 - 7554.80 Target5 - 7580.75 Target6 - 7592.30 Target7 - 7603.80 Target8 - 7628.32 Target9 - 7652.85 S/L 7456.70 or Day's Low
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Sell Below or Closer to 7503.75 Target1 - 7487.10 Target2 - 7458.90 Target3 - 7456.70 Target4 - 7430.75 Target5 - 7419.20 Target6 - 7407.70 Target7 - 7383.20 Target8 - 7358.65 S/L 7507.75-(aggr) /7530.25-(Cons)
OR
Sell Closer to or C.O Below 7554.80 Target1 - 7507.75-7503.75 Target2 - 7487.10 Target3 - 7458.90 Target4 - 7456.70 Target5 - 7430.75 Target6 - 7419.20 Target7 - 7407.70 Target8 - 7383.20 Target9 - 7358.65 S/L 7554.80 or Day's High
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Banknifty Future
Weak below 15105 and Strong above 15153. 15185-15207 and 15273 Main Resistances and 14979 Main Support. Day SAR is at 15330 and Banknifty is trading below it..
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Buy Above or Closer to 15130.15 Target1 - 15144.80 Target2 15172.95 Target3 - 15201.10 Target4 - 15279.90 Target5 - 15356.80 Target6 - 15433.73 Target7 - 15510.65 Target8 - 15587.55 S/L 15122.05-(aggr) /15049.20-(Cons)
OR
Buy Closer to or C.O Above 15072.30 Target1 - 15122.05-15130.15 Target2 - 15144.80 Target3 15172.95 Target4 - 15201.10 Target5 - 15279.90 Target6 - 15356.80 Target7 - 15433.73 Target8 - 15510.65 Target9 - 15587.55 S/L 15072.30 or Day's Low
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Sell Below or Closer to 15222.05 Target1 - 15107.40 Target2 - 15079.20 Target3 - 15051.10 Target4 - 14972.30 Target5 - 14895.38 Target6 - 14818.45 Target7 - 14741.55 Target8 - 14664.65 S/L 15222.05-(Cons) or Day's High
OR
Sell Closer to or C.O Below 15279.90 Target1 - 15130.15-15122.05 Target2 - 15107.40 Target3 - 15079.20 Target4 - 15051.10 Target5 - 14972.30 Target6 - 14895.38 Target7 - 14818.45 Target8 - 14741.55 Target9 - 14664.65 S/L 15279.90 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 7495 and Strong above 7519. 7529 and 7552-7562 Main Resistances and 7490-7496 Main Support. Day SAR is at 7545.80.
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Buy Above or Closer to 7507.75 Target1 - 7524.50 Target2 7552.60 Target3 - 7554.80 Target4 - 7580.75 Target5 - 7592.30 Target6 - 7603.80 Target7 - 7628.32 Target8 - 7652.85 S/L 7503.75-(aggr) /7481.25-(Cons)
OR
Buy Closer to or C.O Above 7456.70 Target1 - 7503.75-7507.75 Target2 - 7524.50 Target3 7552.60 Target4 - 7554.80 Target5 - 7580.75 Target6 - 7592.30 Target7 - 7603.80 Target8 - 7628.32 Target9 - 7652.85 S/L 7456.70 or Day's Low
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Sell Below or Closer to 7503.75 Target1 - 7487.10 Target2 - 7458.90 Target3 - 7456.70 Target4 - 7430.75 Target5 - 7419.20 Target6 - 7407.70 Target7 - 7383.20 Target8 - 7358.65 S/L 7507.75-(aggr) /7530.25-(Cons)
OR
Sell Closer to or C.O Below 7554.80 Target1 - 7507.75-7503.75 Target2 - 7487.10 Target3 - 7458.90 Target4 - 7456.70 Target5 - 7430.75 Target6 - 7419.20 Target7 - 7407.70 Target8 - 7383.20 Target9 - 7358.65 S/L 7554.80 or Day's High
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Banknifty Future
Weak below 15105 and Strong above 15153. 15185-15207 and 15273 Main Resistances and 14979 Main Support. Day SAR is at 15330 and Banknifty is trading below it..
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Buy Above or Closer to 15130.15 Target1 - 15144.80 Target2 15172.95 Target3 - 15201.10 Target4 - 15279.90 Target5 - 15356.80 Target6 - 15433.73 Target7 - 15510.65 Target8 - 15587.55 S/L 15122.05-(aggr) /15049.20-(Cons)
OR
Buy Closer to or C.O Above 15072.30 Target1 - 15122.05-15130.15 Target2 - 15144.80 Target3 15172.95 Target4 - 15201.10 Target5 - 15279.90 Target6 - 15356.80 Target7 - 15433.73 Target8 - 15510.65 Target9 - 15587.55 S/L 15072.30 or Day's Low
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Sell Below or Closer to 15222.05 Target1 - 15107.40 Target2 - 15079.20 Target3 - 15051.10 Target4 - 14972.30 Target5 - 14895.38 Target6 - 14818.45 Target7 - 14741.55 Target8 - 14664.65 S/L 15222.05-(Cons) or Day's High
OR
Sell Closer to or C.O Below 15279.90 Target1 - 15130.15-15122.05 Target2 - 15107.40 Target3 - 15079.20 Target4 - 15051.10 Target5 - 14972.30 Target6 - 14895.38 Target7 - 14818.45 Target8 - 14741.55 Target9 - 14664.65 S/L 15279.90 or Day's High
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Nifty Spot Hourly Chart EOD 23rd June, 2014
Nifty Seems to be forming a flat correction in b-leg of e-leg of 2nd corrective and the chart modified accordingly. The e-leg itself is likely to form a flat too.
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