Friday, July 25, 2014
Update
Bias change saved for one more day it seems. So, trend remains Up. Nifty was highly overbought and hence reacted.
Update on Nifty Spot
Bias will change if closes below 7771.65 Nifty Spot. So, 7771.65 will be the key number to watch out for the day for Nifty Spot.
Update on Nifty Future
Nifty has reached Target2 of Sell Call 7786.9 till now. Simultaneously the same buying level gave 15 points already.
Update
Sell Triggered at open and has done target1 of Sell Level1. On normal day's trades are between Sell Target1 to Buy Target1.
Update on Nifty Spot
Nifty is extremely overbought so time correction would be required at every stage to move up. today 7800-7810 is the strong support / buying zone for Nifty Spot below that weakness. Bias is still positive for last 8(Fibonacci Number) consecutive days.
Pre-Market Levels For 25th July, 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 7825-7828 and Strong above it. Main Support 7794-7803 and Main Resistances 7855-7861 and 7876-7888. 7861 is Day Shocker. Day SAR is at 7642. 7748 (Sustaining Below) is First S/L for Longs.
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Buy Above or Closer to 7835.75 Target1 - 7852.50 Target2 7880.60 Target3 - 7886.80 Target4 - 7908.75 Target5 - 7924.30 Target6 - 7939.80 Target7 - 7966.35 Target8 - 7992.84 S/L 7831.75-(aggr) /7807.23-(Cons)
OR
Buy Closer to or C.O Above 7780.70 - 7786.90 Target1 - 7815.10 Target2 - 7831.75-7835.75 Target3 - 7852.50 Target4 7880.60 Target5 - 7886.80 Target6 - 7908.75 Target7 - 7924.30 Target8 - 7939.80 Target9 - 7966.35 Target10 - 7992.84 S/L 7780.70 or Day's Low
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Sell Below or Closer to 7831.75 Target1 - 7815.10 Target2 - 7786.90 Target3 - 7780.70 Target4 - 7758.75 Target5 - 7743.20 Target6 - 7727.70 Target7 - 7701.15 Target8 - 7674.65 S/L 7835.75-(aggr) /7860.27-(Cons)
OR
Sell Closer to or C.O Below 7886.80 Target1 - 7835.75-7831.75 Target2 - 7815.10 Target3 - 7786.90 Target4 - 7780.70 Target5 - 7758.75 Target6 - 7743.20 Target7 - 7727.70 Target8 - 7701.15 Target9 - 7674.65 S/L 7886.80 or Day's High
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Banknifty Future
Weak below 15541-15446 and Strong above it. Main Support 15518-15563 and Main Resistances 15630-15659 and 15719-15813. 15598 is Day Shocker. Day SAR is at 15065. 15494 (Sustaining Below) is First S/L for Longs.
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Buy Above or Closer to 15561.50 Target1 - 15576.20 Target2 15604.40 Target3 - 15632.50 Target4 - 15730.75 Target5 - 15817.35 Target6 - 15904.00 Target7 - 15990.60 Target8 - 16077.20 S/L 15553.60-(aggr) /15470.95-(Cons)
OR
Buy Closer to or C.O Above 15384.35 - 15510.70 Target1 - 15538.80 Target2 - 15553.60-15561.50 Target3 - 15576.20 Target4 15604.40 Target5 - 15632.50 Target6 - 15730.75 Target7 - 15817.35 Target8 - 15904.00 Target9 - 15990.60 Target10 - 16077.20 S/L 15384.35 or Day's Low
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Sell Below or Closer to 15553.60 Target1 - 15538.80 Target2 - 15510.70 Target3 - 15482.55 Target4 - 15384.35 Target5 - 15297.75 Target6 - 15211.12 Target7 - 15124.50 Target8 - 15037.90 S/L 15561.50-(aggr) /15644.15-(Cons)
OR
Sell Closer to or C.O Below 15730.75 Target1 - 15561.50-15553.60 Target2 - 15538.80 Target3 - 15510.70 Target4 - 15482.55 Target5 - 15384.35 Target6 - 15297.75 Target7 - 15211.12 Target8 - 15124.50 Target9 - 15037.90 S/L 15730.75 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 7825-7828 and Strong above it. Main Support 7794-7803 and Main Resistances 7855-7861 and 7876-7888. 7861 is Day Shocker. Day SAR is at 7642. 7748 (Sustaining Below) is First S/L for Longs.
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Buy Above or Closer to 7835.75 Target1 - 7852.50 Target2 7880.60 Target3 - 7886.80 Target4 - 7908.75 Target5 - 7924.30 Target6 - 7939.80 Target7 - 7966.35 Target8 - 7992.84 S/L 7831.75-(aggr) /7807.23-(Cons)
OR
Buy Closer to or C.O Above 7780.70 - 7786.90 Target1 - 7815.10 Target2 - 7831.75-7835.75 Target3 - 7852.50 Target4 7880.60 Target5 - 7886.80 Target6 - 7908.75 Target7 - 7924.30 Target8 - 7939.80 Target9 - 7966.35 Target10 - 7992.84 S/L 7780.70 or Day's Low
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Sell Below or Closer to 7831.75 Target1 - 7815.10 Target2 - 7786.90 Target3 - 7780.70 Target4 - 7758.75 Target5 - 7743.20 Target6 - 7727.70 Target7 - 7701.15 Target8 - 7674.65 S/L 7835.75-(aggr) /7860.27-(Cons)
OR
Sell Closer to or C.O Below 7886.80 Target1 - 7835.75-7831.75 Target2 - 7815.10 Target3 - 7786.90 Target4 - 7780.70 Target5 - 7758.75 Target6 - 7743.20 Target7 - 7727.70 Target8 - 7701.15 Target9 - 7674.65 S/L 7886.80 or Day's High
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Banknifty Future
Weak below 15541-15446 and Strong above it. Main Support 15518-15563 and Main Resistances 15630-15659 and 15719-15813. 15598 is Day Shocker. Day SAR is at 15065. 15494 (Sustaining Below) is First S/L for Longs.
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Buy Above or Closer to 15561.50 Target1 - 15576.20 Target2 15604.40 Target3 - 15632.50 Target4 - 15730.75 Target5 - 15817.35 Target6 - 15904.00 Target7 - 15990.60 Target8 - 16077.20 S/L 15553.60-(aggr) /15470.95-(Cons)
OR
Buy Closer to or C.O Above 15384.35 - 15510.70 Target1 - 15538.80 Target2 - 15553.60-15561.50 Target3 - 15576.20 Target4 15604.40 Target5 - 15632.50 Target6 - 15730.75 Target7 - 15817.35 Target8 - 15904.00 Target9 - 15990.60 Target10 - 16077.20 S/L 15384.35 or Day's Low
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Sell Below or Closer to 15553.60 Target1 - 15538.80 Target2 - 15510.70 Target3 - 15482.55 Target4 - 15384.35 Target5 - 15297.75 Target6 - 15211.12 Target7 - 15124.50 Target8 - 15037.90 S/L 15561.50-(aggr) /15644.15-(Cons)
OR
Sell Closer to or C.O Below 15730.75 Target1 - 15561.50-15553.60 Target2 - 15538.80 Target3 - 15510.70 Target4 - 15482.55 Target5 - 15384.35 Target6 - 15297.75 Target7 - 15211.12 Target8 - 15124.50 Target9 - 15037.90 S/L 15730.75 or Day's High
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