Tuesday, July 15, 2014
Update on Nifty Future
The Buy Call gave upto target1 already.
Buy Above or Closer to 7477.80 Target1 - 7494.50
Buy Above or Closer to 7477.80 Target1 - 7494.50
Update on Nifty Future
7520 is key key level for Nifty Future the entire week i.e. Remain long or short above or below it.
Nifty Spot 4 Hour Chart EOD 14th July, 2014
Whether Nifty finished the major F-leg up and started the major G-leg down time will tell. Not breaking 7377 and a rally will probably confirm the unfinished g-leg of major F-leg is still pending. Now after the completion of the 2nd corrective of F-leg one could get an x-Wave down also and thereafter the third corrective inside larger F-leg may also unfold. Lots of options!!
Pre-Market Levels For 15th 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 7438-7442 and Strong above it. 7463-7466 and 7482-7487 Main Support and 7512 and 7567-7575 Main Resistances. 7395 is Day Shocker. Day SAR is at 7631.
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Buy Above or Closer to 7477.80 Target1 - 7494.50 Target2 7522.65 Target3 - 7527.60 Target4 - 7550.80 Target5 - 7565.10 Target6 - 7579.40 Target7 - 7605.30 Target8 - 7631.15 S/L 7473.80-(aggr) /7449.90-(Cons)
OR
Buy Closer to or C.O Above 7424.00 - 7428.90 Target1 - 7473.80-7477.80 Target2 - 7494.50 Target3 7522.65 Target4 - 7527.60 Target5 - 7550.80 Target6 - 7565.10 Target7 - 7579.40 Target8 - 7605.30 Target9 - 7631.15 S/L 7424.00 or Day's Low
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Sell Below or Closer to 7473.80 Target1 - 7457.10 Target2 - 7428.90 Target3 - 7424.00 Target4 - 7400.80 Target5 - 7386.50 Target6 - 7372.20 Target7 - 7346.30 Target8 - 7320.45 S/L 7477.80-(aggr) /7501.70-(Cons)
OR
Sell Closer to or C.O Below 7527.60 Target1 - 7477.80-7473.80 Target2 - 7457.10 Target3 - 7428.90 Target4 - 7424.00 Target5 - 7400.80 Target6 - 7386.51 Target7 - 7372.20 Target8 - 7346.32 Target9 - 7320.45 S/L 7527.60 or Day's High
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Banknifty Future
Weak below 14488-14494 and Strong above it. 14463-14501 Main Support and 14660 and 14874-14931 Main Resistances. 14286 is Day Shocker. Day SAR is at 15065.
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Buy Above or Closer to 14564.65 Target1 - 14579.50 Target2 14607.60 Target3 - 14635.80 Target4 - 14717.75 Target5 - 14796.25 Target6 - 14874.75 Target7 - 14953.25 Target8 - 15031.75 S/L 14556.85-(aggr) /14482.25-(Cons)
OR
Buy Closer to or C.O Above 14403.75 - 14513.90 Target1 - 14556.85-14564.65 Target2 - 14579.50 Target3 14607.60 Target4 - 14635.80 Target5 - 14717.75 Target6 - 14796.25 Target7 - 14874.75 Target8 - 14953.25 Target9 - 15031.75 S/L 14403.75 or Day's Low
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Sell Below or Closer to 14556.85 Target1 - 14542.10 Target2 - 14513.90 Target3 - 14485.75 Target4 - 14403.75 Target5 - 14325.25 Target6 - 14246.75 Target7 - 14168.25 Target8 - 14089.75 S/L 14564.65-(aggr) /14639.25-(Cons)
OR
Sell Closer to or C.O Below 14717.75 Target1 - 14564.65-14556.85 Target2 - 14542.10 Target3 - 14513.90 Target4 - 14485.75 Target5 - 14403.75 Target6 - 14325.25 Target7 - 14246.75 Target8 - 14168.25 Target9 - 14089.75 S/L 14717.75 or Day's High
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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 7438-7442 and Strong above it. 7463-7466 and 7482-7487 Main Support and 7512 and 7567-7575 Main Resistances. 7395 is Day Shocker. Day SAR is at 7631.
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Buy Above or Closer to 7477.80 Target1 - 7494.50 Target2 7522.65 Target3 - 7527.60 Target4 - 7550.80 Target5 - 7565.10 Target6 - 7579.40 Target7 - 7605.30 Target8 - 7631.15 S/L 7473.80-(aggr) /7449.90-(Cons)
OR
Buy Closer to or C.O Above 7424.00 - 7428.90 Target1 - 7473.80-7477.80 Target2 - 7494.50 Target3 7522.65 Target4 - 7527.60 Target5 - 7550.80 Target6 - 7565.10 Target7 - 7579.40 Target8 - 7605.30 Target9 - 7631.15 S/L 7424.00 or Day's Low
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Sell Below or Closer to 7473.80 Target1 - 7457.10 Target2 - 7428.90 Target3 - 7424.00 Target4 - 7400.80 Target5 - 7386.50 Target6 - 7372.20 Target7 - 7346.30 Target8 - 7320.45 S/L 7477.80-(aggr) /7501.70-(Cons)
OR
Sell Closer to or C.O Below 7527.60 Target1 - 7477.80-7473.80 Target2 - 7457.10 Target3 - 7428.90 Target4 - 7424.00 Target5 - 7400.80 Target6 - 7386.51 Target7 - 7372.20 Target8 - 7346.32 Target9 - 7320.45 S/L 7527.60 or Day's High
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Banknifty Future
Weak below 14488-14494 and Strong above it. 14463-14501 Main Support and 14660 and 14874-14931 Main Resistances. 14286 is Day Shocker. Day SAR is at 15065.
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Buy Above or Closer to 14564.65 Target1 - 14579.50 Target2 14607.60 Target3 - 14635.80 Target4 - 14717.75 Target5 - 14796.25 Target6 - 14874.75 Target7 - 14953.25 Target8 - 15031.75 S/L 14556.85-(aggr) /14482.25-(Cons)
OR
Buy Closer to or C.O Above 14403.75 - 14513.90 Target1 - 14556.85-14564.65 Target2 - 14579.50 Target3 14607.60 Target4 - 14635.80 Target5 - 14717.75 Target6 - 14796.25 Target7 - 14874.75 Target8 - 14953.25 Target9 - 15031.75 S/L 14403.75 or Day's Low
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Sell Below or Closer to 14556.85 Target1 - 14542.10 Target2 - 14513.90 Target3 - 14485.75 Target4 - 14403.75 Target5 - 14325.25 Target6 - 14246.75 Target7 - 14168.25 Target8 - 14089.75 S/L 14564.65-(aggr) /14639.25-(Cons)
OR
Sell Closer to or C.O Below 14717.75 Target1 - 14564.65-14556.85 Target2 - 14542.10 Target3 - 14513.90 Target4 - 14485.75 Target5 - 14403.75 Target6 - 14325.25 Target7 - 14246.75 Target8 - 14168.25 Target9 - 14089.75 S/L 14717.75 or Day's High
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