Friday, July 11, 2014

Update

Now little bit of whipsawing. Long S/L got Triggered.

Update

Short s/l got hit and long triggered.
Buy Closer to or C.O Above 7526.15 Target1 - 7574.65-7578.65 Target2 - 7595.30  Target3 7623.50 Target4 - 7627.10  Target5 - 7651.65 Target6 - 7664.65 Target7 - 7677.65 Target8 - 7702.90 Target9 - 7728.15 S/L 7526.15 or Day's Low  

Update of Nifty Future

Sell Target Target6 - 7488.65 done now day trailing S/l is Target4 - 7526.15 

Update

If 7360.5 on Nifty spot breaks chart needs to be reworked.

Update on Nifty Future

Weakness apparent.  Sell call running from 7627.15 with day high 7638.8 as S/L , Target3 - 7526.15 done already. Trailing S/L is  Target2 - 7557.90  is the s/l for Nifty Future for the day shorts.

Update

Commodities Blog updated.

Pre-Market Levels For 11th July, 2014 Working

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

7690-7721 is enormous resistance for Nifty Spot and if cleared well, will become big support for the Month and vice versa.
Nifty Future
Weak below 7549-7558 and Strong above it.  7520-7536 Main Support and  7613, 7648-7659 and 7667  Main Resistances.   7574 is Day Shocker.  Day SAR is at 7641.
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Buy Above or Closer to 7578.65 Target1 - 7595.30  Target2 7623.50 Target3 - 7627.10  Target4 - 7651.65 Target5 - 7664.65 Target6 - 7677.65 Target7 - 7702.90 Target8 - 7728.15 S/L 7574.65-(aggr) /7551.40-(Cons)
OR
Buy Closer to or C.O Above 7526.15 Target1 - 7574.65-7578.65 Target2 - 7595.30  Target3 7623.50 Target4 - 7627.10  Target5 - 7651.65 Target6 - 7664.65 Target7 - 7677.65 Target8 - 7702.90 Target9 - 7728.15 S/L 7526.15 or Day's Low  
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Sell Below or Closer to 7574.65 Target1 - 7557.90  Target2 - 7529.80  Target3 - 7526.15 Target4 - 7501.65 Target5 - 7488.65 Target6 - 7475.65 Target7 - 7450.40 Target8 - 7425.15 S/L 7578.65-(aggr) /7601.90-(Cons)
OR
Sell Closer to  or C.O Below 7627.15 Target1 - 7578.65-7574.65 Target2 - 7557.90  Target3 - 7529.80  Target4 - 7526.15 Target5 - 7501.65 Target6 - 7488.65 Target7 - 7475.65 Target8 - 7450.40 Target9 - 7425.15 S/L 7627.15 or Day's High  
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Banknifty Future
Weak below 14818-14835 and Strong above it.  14319-14356 and 14708  Main Support and  15147-15185   Main Resistances.  14750 is Day Shocker. Day SAR is at 15198.
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Buy Above or Closer to 14876.30 Target1 - 14891.00  Target2 14919.20 Target3 - 14947.30  Target4 - 15019.70 Target5 - 15093.40 Target6 - 15167.05 Target7 - 15240.74 Target8 - 15314.40 S/L 14868.40-(aggr) /14798.65-(Cons)
OR
Buy Closer to or C.O Above 14725.00 Target1 - 14868.40-14876.30 Target2 - 14891.00  Target3 14919.20 Target4 - 14947.30  Target5 - 15019.70 Target6 - 15093.40 Target7 - 15167.05 Target8 - 15240.74 Target9 - 15314.40 S/L 14725.00 or Day's Low  
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Sell Below or Closer to 14868.40 Target1 - 14853.60  Target2 - 14825.50  Target3 - 14797.35 Target4 - 14725.00 Target5 - 14651.30 Target6 - 14577.65 Target7 - 14503.95 Target8 - 14430.30 S/L 14876.30-(aggr) /14946.05-(Cons)
OR
Sell Closer to  or C.O Below 15019.70 Target1 - 14876.30-14868.40 Target2 - 14853.60  Target3 - 14825.50  Target4 - 14797.35 Target5 - 14725.00 Target6 - 14651.30 Target7 - 14577.65 Target8 - 14503.95 Target9 - 14430.30 S/L 15019.70 or Day's High  
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Nifty Spot Hourly Chart EOD 11th July, 2014

f-leg down may be over or about to be over and it may not do a lower low than yesterday. The g-leg up is going to start soon.

Update

Stocks Blog Updated.