Wednesday, June 25, 2014
Update
Nifty Spot has left 2 gaps below. One near 7546 and another near 7500 . Won't be surprised if one or both the gaps gets filled up tomorrow / day after tomorrow. Buy in dips without question. 7500 big Support zone. Derivatives data suggesting stiff resistance builtup near 7600.
Update
25.2 Points on Nifty Spot ? Isn't it a bit amazing? Another 10 points should come any which way. Likely on the upside.
Update
7550-7560 OR 7605-7610 is near must for the day one can bet for it on the side of his /her choice today in Nifty Future.
Update
7550-7560 OR 7605-7610 is near must for the day one can bet for it on the side of his /her choice today in Nifty Future.
Status
Both Nifty Future(7584) and Banknifty Future(15313) haven't been able to go up and sustain above their weak below levels till now. Hence weakness continuing till now. Can' rule out some movement late hours.
Update on Nifty Future
Sell Call got active and has given upto Target1(7676.8) already.
Sell Below or Closer to 7593.55 Target1 - 7576.80 Target2 - 7548.70 Target3 - 7543.85 Target4 - 7520.55 Target5 - 7506.35 Target6 - 7492.15 Target7 - 7466.30 Target8 - 7440.45 S/L 7597.55-(aggr) /7621.40-(Cons).
Expect a rangebound day today with updward bias.
Sell Below or Closer to 7593.55 Target1 - 7576.80 Target2 - 7548.70 Target3 - 7543.85 Target4 - 7520.55 Target5 - 7506.35 Target6 - 7492.15 Target7 - 7466.30 Target8 - 7440.45 S/L 7597.55-(aggr) /7621.40-(Cons).
Expect a rangebound day today with updward bias.
Pre-Market Levels For 25th 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 7584 and Strong above 7621. 7591-7615 and 7654-7661 Main Resistances and 7558-7563 Main Support. Day SAR is at 7545.80.
-------------------------------------------------------------------------------------------------------------------------
Buy Above or Closer to 7597.55 Target1 - 7614.20 Target2 7642.40 Target3 - 7647.30 Target4 - 7670.55 Target5 - 7684.75 Target6 - 7698.95 Target7 - 7724.80 Target8 - 7750.65 S/L 7593.55-(aggr) /7569.70-(Cons)
OR
Buy Closer to or C.O Above 7543.85 Target1 - 7593.55-7597.55 Target2 - 7614.20 Target3 7642.40 Target4 - 7647.30 Target5 - 7670.55 Target6 - 7684.75 Target7 - 7698.95 Target8 - 7724.80 Target9 - 7750.65 S/L 7543.85 or Day's Low
-------------------------------------------------------------------------------------------------------------------------
Sell Below or Closer to 7593.55 Target1 - 7576.80 Target2 - 7548.70 Target3 - 7543.85 Target4 - 7520.55 Target5 - 7506.35 Target6 - 7492.15 Target7 - 7466.30 Target8 - 7440.45 S/L 7597.55-(aggr) /7621.40-(Cons)
OR
Sell Closer to or C.O Below 7647.25 Target1 - 7597.55-7593.55 Target2 - 7576.80 Target3 - 7548.70 Target4 - 7543.85 Target5 - 7520.55 Target6 - 7506.35 Target7 - 7492.15 Target8 - 7466.30 Target9 - 7440.45 S/L 7647.25 or Day's High
-------------------------------------------------------------------------------------------------------------------------
Banknifty Future
Weak below 15313 and Strong above 15395. 15454-15466 Main Resistances and 15233-15271 Main Support. Day SAR is at 15330.
-------------------------------------------------------------------------------------------------------------------------
Buy Above or Closer to 15340.95 Target1 - 15355.60 Target2 15383.75 Target3 - 15411.90 Target4 - 15491.75 Target5 - 15569.20 Target6 - 15646.64 Target7 - 15724.08 Target8 - 15801.51 S/L 15332.85-(aggr) /15259.45-(Cons)
OR
Buy Closer to or C.O Above 15182.05 Target1 - 15332.85-15340.95 Target2 - 15355.60 Target3 15383.75 Target4 - 15411.90 Target5 - 15491.75 Target6 - 15569.20 Target7 - 15646.64 Target8 - 15724.08 Target9 - 15801.51 S/L 15182.05 or Day's Low
-------------------------------------------------------------------------------------------------------------------------
Sell Below or Closer to 15332.85 Target1 - 15318.20 Target2 - 15290.10 Target3 - 15261.90 Target4 - 15182.05 Target5 - 15104.60 Target6 - 15027.15 Target7 - 14949.70 Target8 - 14872.30 S/L 15340.95-(aggr) /15414.35-(Cons)
OR
Sell Closer to or C.O Below 15491.75 Target1 - 15340.95-15332.85 Target2 - 15318.20 Target3 - 15290.10 Target4 - 15261.90 Target5 - 15182.05 Target6 - 15104.60 Target7 - 15027.15 Target8 - 14949.70 Target9 - 14872.30 S/L 15491.75 or Day's High
--------------------------------------------------------------------------------------------------------------------
For Nifty +/- 5/6 Points and for Banknifty +/-10-12 Points, is allowed deviation
Nifty Future
Weak below 7584 and Strong above 7621. 7591-7615 and 7654-7661 Main Resistances and 7558-7563 Main Support. Day SAR is at 7545.80.
-------------------------------------------------------------------------------------------------------------------------
Buy Above or Closer to 7597.55 Target1 - 7614.20 Target2 7642.40 Target3 - 7647.30 Target4 - 7670.55 Target5 - 7684.75 Target6 - 7698.95 Target7 - 7724.80 Target8 - 7750.65 S/L 7593.55-(aggr) /7569.70-(Cons)
OR
Buy Closer to or C.O Above 7543.85 Target1 - 7593.55-7597.55 Target2 - 7614.20 Target3 7642.40 Target4 - 7647.30 Target5 - 7670.55 Target6 - 7684.75 Target7 - 7698.95 Target8 - 7724.80 Target9 - 7750.65 S/L 7543.85 or Day's Low
-------------------------------------------------------------------------------------------------------------------------
Sell Below or Closer to 7593.55 Target1 - 7576.80 Target2 - 7548.70 Target3 - 7543.85 Target4 - 7520.55 Target5 - 7506.35 Target6 - 7492.15 Target7 - 7466.30 Target8 - 7440.45 S/L 7597.55-(aggr) /7621.40-(Cons)
OR
Sell Closer to or C.O Below 7647.25 Target1 - 7597.55-7593.55 Target2 - 7576.80 Target3 - 7548.70 Target4 - 7543.85 Target5 - 7520.55 Target6 - 7506.35 Target7 - 7492.15 Target8 - 7466.30 Target9 - 7440.45 S/L 7647.25 or Day's High
-------------------------------------------------------------------------------------------------------------------------
Banknifty Future
Weak below 15313 and Strong above 15395. 15454-15466 Main Resistances and 15233-15271 Main Support. Day SAR is at 15330.
-------------------------------------------------------------------------------------------------------------------------
Buy Above or Closer to 15340.95 Target1 - 15355.60 Target2 15383.75 Target3 - 15411.90 Target4 - 15491.75 Target5 - 15569.20 Target6 - 15646.64 Target7 - 15724.08 Target8 - 15801.51 S/L 15332.85-(aggr) /15259.45-(Cons)
OR
Buy Closer to or C.O Above 15182.05 Target1 - 15332.85-15340.95 Target2 - 15355.60 Target3 15383.75 Target4 - 15411.90 Target5 - 15491.75 Target6 - 15569.20 Target7 - 15646.64 Target8 - 15724.08 Target9 - 15801.51 S/L 15182.05 or Day's Low
-------------------------------------------------------------------------------------------------------------------------
Sell Below or Closer to 15332.85 Target1 - 15318.20 Target2 - 15290.10 Target3 - 15261.90 Target4 - 15182.05 Target5 - 15104.60 Target6 - 15027.15 Target7 - 14949.70 Target8 - 14872.30 S/L 15340.95-(aggr) /15414.35-(Cons)
OR
Sell Closer to or C.O Below 15491.75 Target1 - 15340.95-15332.85 Target2 - 15318.20 Target3 - 15290.10 Target4 - 15261.90 Target5 - 15182.05 Target6 - 15104.60 Target7 - 15027.15 Target8 - 14949.70 Target9 - 14872.30 S/L 15491.75 or Day's High
--------------------------------------------------------------------------------------------------------------------
Nifty Spot Hourly EOD 24th June, 2014
Crossing of 7663 needed in next 3 days (15 Hour to be more precise) for New High and failure may cause relebelling of the chart. Watch out for Black channel top resistance starting around 6525.
Subscribe to:
Posts (Atom)