Friday, July 18, 2014
Update on Nifty Spot
The current rise is slower than the previous fall as of now hence near 7700 (Which is significant Resistance) caution must be exercised. Whether one more trip to 7500 is due or not needs to be seen.
Update on Nifty Future
Nifty Opened below sell target1(7640.1) which indicated internal weakness and it did almost upto Target4(7583.75). Now longs will have good resistance at 7640.1 (i.e. Target1 of Sell) i.e. sustaining above it can bring the bulls back.
Pre-Market Levels For 18th July, 2014 Working
Trade the Levels, Charts Can Adjust.
For Nifty +/- 5/6 Points and for Banknifty +/-10-12 Points, is allowed deviation
7690-7740 is enormous resistance for Nifty Spot and if cleared well, will become big support for the Month and vice versa.
Nifty Future
Weak below 7640 and Strong above 7656. 7602-7621 Main Support and 7657 and 7712-7721 Main Resistances. 7618 is Day Shocker. Day SAR is at 7631. 7567 (Sustaining Below) is Final S/L for Longs.
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Buy Above or Closer to 7660.75 Target1 - 7677.50 Target2 7705.60 Target3 - 7712.90 Target4 - 7733.75 Target5 - 7750.35 Target6 - 7766.95 Target7 - 7794.00 Target8 - 7821.05 S/L 7656.75-(aggr) /7631.70-(Cons)
OR
Buy Closer to or C.O Above 7604.65 - 7611.90 Target1 - 7656.75-7660.75 Target2 - 7677.50 Target3 7705.60 Target4 - 7712.90 Target5 - 7733.75 Target6 - 7750.35 Target7 - 7766.95 Target8 - 7794.00 Target9 - 7821.05 S/L 7604.65 or Day's Low
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Sell Below or Closer to 7656.75 Target1 - 7640.10 Target2 - 7611.90 Target3 - 7604.65 Target4 - 7583.75 Target5 - 7567.15 Target6 - 7550.55 Target7 - 7523.50 Target8 - 7496.45 S/L 7660.75-(aggr) /7685.80-(Cons)
OR
Sell Closer to or C.O Below 7712.85 Target1 - 7660.75-7656.75 Target2 - 7640.10 Target3 - 7611.90 Target4 - 7604.65 Target5 - 7583.75 Target6 - 7567.15 Target7 - 7550.55 Target8 - 7523.50 Target9 - 7496.45 S/L 7712.85 or Day's High
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Banknifty Future
Weak below 15257 and Strong above 15290. 15081-15128 and 15174-15220 Main Support and 15282-15288 and 15432-15458 Main Resistances. 15262 is Day Shocker. Day SAR is at 15065. 15147 (Sustaining Below) is Final S/L for Longs.
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Buy Above or Closer to 15298.95 Target1 - 15313.70 Target2 15341.80 Target3 - 15370.00 Target4 - 15464.55 Target5 - 15549.35 Target6 - 15634.15 Target7 - 15718.95 Target8 - 15803.70 S/L 15290.95-(aggr) /15210.15-(Cons)
OR
Buy Closer to or C.O Above 15125.35 - 15248.10 Target1 - 15290.95-15298.95 Target2 - 15313.70 Target3 15341.80 Target4 - 15370.00 Target5 - 15464.55 Target6 - 15549.35 Target7 - 15634.15 Target8 - 15718.95 Target9 - 15803.70 S/L 15125.35 or Day's Low
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Sell Below or Closer to 15290.95 Target1 - 15276.30 Target2 - 15248.10 Target3 - 15219.95 Target4 - 15125.35 Target5 - 15040.55 Target6 - 14955.75 Target7 - 14870.95 Target8 - 14786.20 S/L 15298.95-(aggr) /15379.75-(Cons)
OR
Sell Closer to or C.O Below 15464.55 Target1 - 15298.95-15290.95 Target2 - 15276.30 Target3 - 15248.10 Target4 - 15219.95 Target5 - 15125.35 Target6 - 15040.55 Target7 - 14955.75 Target8 - 14870.95 Target9 - 14786.20 S/L 15464.55 or Day's High
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For Nifty +/- 5/6 Points and for Banknifty +/-10-12 Points, is allowed deviation
7690-7740 is enormous resistance for Nifty Spot and if cleared well, will become big support for the Month and vice versa.
Nifty Future
Weak below 7640 and Strong above 7656. 7602-7621 Main Support and 7657 and 7712-7721 Main Resistances. 7618 is Day Shocker. Day SAR is at 7631. 7567 (Sustaining Below) is Final S/L for Longs.
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Buy Above or Closer to 7660.75 Target1 - 7677.50 Target2 7705.60 Target3 - 7712.90 Target4 - 7733.75 Target5 - 7750.35 Target6 - 7766.95 Target7 - 7794.00 Target8 - 7821.05 S/L 7656.75-(aggr) /7631.70-(Cons)
OR
Buy Closer to or C.O Above 7604.65 - 7611.90 Target1 - 7656.75-7660.75 Target2 - 7677.50 Target3 7705.60 Target4 - 7712.90 Target5 - 7733.75 Target6 - 7750.35 Target7 - 7766.95 Target8 - 7794.00 Target9 - 7821.05 S/L 7604.65 or Day's Low
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Sell Below or Closer to 7656.75 Target1 - 7640.10 Target2 - 7611.90 Target3 - 7604.65 Target4 - 7583.75 Target5 - 7567.15 Target6 - 7550.55 Target7 - 7523.50 Target8 - 7496.45 S/L 7660.75-(aggr) /7685.80-(Cons)
OR
Sell Closer to or C.O Below 7712.85 Target1 - 7660.75-7656.75 Target2 - 7640.10 Target3 - 7611.90 Target4 - 7604.65 Target5 - 7583.75 Target6 - 7567.15 Target7 - 7550.55 Target8 - 7523.50 Target9 - 7496.45 S/L 7712.85 or Day's High
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Banknifty Future
Weak below 15257 and Strong above 15290. 15081-15128 and 15174-15220 Main Support and 15282-15288 and 15432-15458 Main Resistances. 15262 is Day Shocker. Day SAR is at 15065. 15147 (Sustaining Below) is Final S/L for Longs.
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Buy Above or Closer to 15298.95 Target1 - 15313.70 Target2 15341.80 Target3 - 15370.00 Target4 - 15464.55 Target5 - 15549.35 Target6 - 15634.15 Target7 - 15718.95 Target8 - 15803.70 S/L 15290.95-(aggr) /15210.15-(Cons)
OR
Buy Closer to or C.O Above 15125.35 - 15248.10 Target1 - 15290.95-15298.95 Target2 - 15313.70 Target3 15341.80 Target4 - 15370.00 Target5 - 15464.55 Target6 - 15549.35 Target7 - 15634.15 Target8 - 15718.95 Target9 - 15803.70 S/L 15125.35 or Day's Low
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Sell Below or Closer to 15290.95 Target1 - 15276.30 Target2 - 15248.10 Target3 - 15219.95 Target4 - 15125.35 Target5 - 15040.55 Target6 - 14955.75 Target7 - 14870.95 Target8 - 14786.20 S/L 15298.95-(aggr) /15379.75-(Cons)
OR
Sell Closer to or C.O Below 15464.55 Target1 - 15298.95-15290.95 Target2 - 15276.30 Target3 - 15248.10 Target4 - 15219.95 Target5 - 15125.35 Target6 - 15040.55 Target7 - 14955.75 Target8 - 14870.95 Target9 - 14786.20 S/L 15464.55 or Day's High
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Update
Bias is up hence the gap down is a likely opportunity to buy.
The High's and Low's of 17th July, 2014
High Low
Nifty Spot 7655.65 7612.70
Nifty Future 7674.7 7628.2
Banknifty Spot 15,301.95 15,156.00
Banknifty Future 15331.05 15177
The High's and Low's of 17th July, 2014
High Low
Nifty Spot 7655.65 7612.70
Nifty Future 7674.7 7628.2
Banknifty Spot 15,301.95 15,156.00
Banknifty Future 15331.05 15177
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