Wednesday, August 6, 2014
Update on Nifty Future
Day begin sell signal was there and it remained in sell mode. Went upto target7 - 7684.15
Update on Nifty Future
Reviving from Buy Level2 (7728.5)+/- 5 Points. Open was bearish as because it opened below the sell level Target1(7754.2).
Update on Nifty Spot EOD Chart 5th Aug, 2014
Expanding Traingle or a-b-c Flat over for f-leg would come clear in 3 days. Nifty has to take out or challenge the 7840.95 in 3 days to clarify it's position.
Pre-Market Levels for the day 6th Aug, 2014 (only for Intraday trading)
Trade the Levels, Charts Can Adjust.
For Nifty +/- 5/6 Points and for Banknifty +/-10-12 Points, is allowed deviation
Nifty Future
Weak below 7743 and Strong above 7764. Main Support 7731-7737 and 7743-7752 and Main Resistances 7780-7789 and 7810-7823. 7673 is Day Shocker. Day SAR is at 7687. 7724 (Sustaining below)/ EOD close below is First S/L for Longs.
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Buy Above or Closer to 7774.85 Target1 - 7791.60 Target2 7817.20 Target3 - 7819.70 Target4 - 7847.85 Target5 - 7854.70 Target6 - 7861.55 Target7 - 7883..75 Target8 - 7905.90 S/L 7770.85-(aggr) /7750.65-(Cons)
OR
Buy Closer to or C.O Above 7728.50 - 7728.50 Target1 - 7754.20 Target2 - 7770.85-7774.85 Target3 - 7791.60 Target4 7817.20 Target5 - 7819.70 Target6 - 7847.85 Target7 - 7854.70 Target8 - 7861.55 Target9 - 7883.75 Target10 - 7905.90 S/L 7728.50 or Day's Low
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Sell Below or Closer to 7770.85 Target1 - 7754.20 Target2 - 7728.50 Target3 - 7726.00 Target4 - 7697.85 Target5 - 7691.00 Target6 - 7684.15 Target7 - 7661.95 Target8 - 7639..80 S/L 7774.85-(aggr) /7795.05-(Cons)
OR
Sell Closer to or C.O Below 7817.20 Target1 - 7774.85-7770.85 Target2 - 7754.20 Target3 - 7728.50 Target4 - 7726.00 Target5 - 7697.85 Target6 - 7691.00 Target7 - 7684.15 Target8 - 7661.95 Target9 - 7639..80 S/L 7817.20 or Day's High
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Banknifty Future
Weak below 15318 and Strong above 15357. Main Support 15243-15253 and 15327-15341 and Main Resistances 15422-15445 and 15500-15571. 15266 is Day Shocker. Day SAR is at 15336. 15192 (Sustaining below)/ EOD close below is First S/L for Longs.
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Buy Above or Closer to 15380.30 Target1 - 15395.00 Target2 15423.20 Target3 - 15451.30 Target4 - 15509.25 Target5 - 15575.65 Target6 - 15642.10 Target7 - 15708.55 Target8 - 15775.00 S/L 15372.40-(aggr) /15309.90-(Cons)
OR
Buy Closer to or C.O Above 15243.45 - 15329.50 Target1 - 15357.60 Target2 - 15372.40-15380.30 Target3 - 15395.00 Target4 15423.20 Target5 - 15451.30 Target6 - 15509.25 Target7 - 15575.65 Target8 - 15642.10 Target9 - 15708.55 Target10 - 15775.00 S/L 15243.45 or Day's Low
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Sell Below or Closer to 15372.40 Target1 - 15357.60 Target2 - 15329.50 Target3 - 15301.35 Target4 - 15243.45 Target5 - 15177.05 Target6 - 15110.60 Target7 - 15044.15 Target8 - 14977.70 S/L 15380.30-(aggr) /15442.80-(Cons)
OR
Sell Closer to or C.O Below 15509.25 Target1 - 15380.30-15372.40 Target2 - 15357.60 Target3 - 15329.50 Target4 - 15301.35 Target5 - 15243.45 Target6 - 15177.05 Target7 - 15110.60 Target8 - 15044.15 Target9 - 14977.70 S/L 15509.25 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 7743 and Strong above 7764. Main Support 7731-7737 and 7743-7752 and Main Resistances 7780-7789 and 7810-7823. 7673 is Day Shocker. Day SAR is at 7687. 7724 (Sustaining below)/ EOD close below is First S/L for Longs.
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Buy Above or Closer to 7774.85 Target1 - 7791.60 Target2 7817.20 Target3 - 7819.70 Target4 - 7847.85 Target5 - 7854.70 Target6 - 7861.55 Target7 - 7883..75 Target8 - 7905.90 S/L 7770.85-(aggr) /7750.65-(Cons)
OR
Buy Closer to or C.O Above 7728.50 - 7728.50 Target1 - 7754.20 Target2 - 7770.85-7774.85 Target3 - 7791.60 Target4 7817.20 Target5 - 7819.70 Target6 - 7847.85 Target7 - 7854.70 Target8 - 7861.55 Target9 - 7883.75 Target10 - 7905.90 S/L 7728.50 or Day's Low
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Sell Below or Closer to 7770.85 Target1 - 7754.20 Target2 - 7728.50 Target3 - 7726.00 Target4 - 7697.85 Target5 - 7691.00 Target6 - 7684.15 Target7 - 7661.95 Target8 - 7639..80 S/L 7774.85-(aggr) /7795.05-(Cons)
OR
Sell Closer to or C.O Below 7817.20 Target1 - 7774.85-7770.85 Target2 - 7754.20 Target3 - 7728.50 Target4 - 7726.00 Target5 - 7697.85 Target6 - 7691.00 Target7 - 7684.15 Target8 - 7661.95 Target9 - 7639..80 S/L 7817.20 or Day's High
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Banknifty Future
Weak below 15318 and Strong above 15357. Main Support 15243-15253 and 15327-15341 and Main Resistances 15422-15445 and 15500-15571. 15266 is Day Shocker. Day SAR is at 15336. 15192 (Sustaining below)/ EOD close below is First S/L for Longs.
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Buy Above or Closer to 15380.30 Target1 - 15395.00 Target2 15423.20 Target3 - 15451.30 Target4 - 15509.25 Target5 - 15575.65 Target6 - 15642.10 Target7 - 15708.55 Target8 - 15775.00 S/L 15372.40-(aggr) /15309.90-(Cons)
OR
Buy Closer to or C.O Above 15243.45 - 15329.50 Target1 - 15357.60 Target2 - 15372.40-15380.30 Target3 - 15395.00 Target4 15423.20 Target5 - 15451.30 Target6 - 15509.25 Target7 - 15575.65 Target8 - 15642.10 Target9 - 15708.55 Target10 - 15775.00 S/L 15243.45 or Day's Low
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Sell Below or Closer to 15372.40 Target1 - 15357.60 Target2 - 15329.50 Target3 - 15301.35 Target4 - 15243.45 Target5 - 15177.05 Target6 - 15110.60 Target7 - 15044.15 Target8 - 14977.70 S/L 15380.30-(aggr) /15442.80-(Cons)
OR
Sell Closer to or C.O Below 15509.25 Target1 - 15380.30-15372.40 Target2 - 15357.60 Target3 - 15329.50 Target4 - 15301.35 Target5 - 15243.45 Target6 - 15177.05 Target7 - 15110.60 Target8 - 15044.15 Target9 - 14977.70 S/L 15509.25 or Day's High
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