Tuesday, August 12, 2014
Update
We expected 7728 above day high for Nifty Spot and it has been achieved. Now at strong resistance.
Update on Nifty Future
Nifty Future has formed a bearish Bat at 61.8% retracement level and may target
7646.54
7613.71
7590.3281
or Lower unless the day high is taken out.
7646.54
7613.71
7590.3281
or Lower unless the day high is taken out.
Update
Nifty making some base building exercise typical to this leg of upmove same as last two days i.e. consolidation and move up in the last hour. Let us see if today also comes out to be the same. Market has two good events in front of it this week 1) IIP Data and 2) PM's address to the Nation on the 15th of August, 2014.
Update on Nifty Spot
Bearish AB=CD in Nifty Spot. Staying below the current day high Nifty Spot may target 7634/ 7618. Above day high Nifty Spot may go upto 7728.
Update on Nifty Spot
7655.02 / 7671.33 / 7707.01 First Three Resistances. Any of the points Nifty may attract some temporary profit booking.
Pre-Market Levels for the day 12th 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 7610 and Strong above 7618. Main Support 7619-7625 and 7640-7650 and Main Resistances 7670-7680 and 7692-7707/7714-7730. 7596 is Day Shocker. Day SAR is at 7700. 7675 (Sustaining above)/ EOD close above is First S/L for Shorts.
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Buy Above or Closer to 7643.40 Target1 - 7660.10 Target2 7687.10 Target3 - 7688.20 Target4 - 7716.40 Target5 - 7724.60 Target6 - 7732.75 Target7 - 7755.60 Target8 - 7778.45 S/L 7639.40-(aggr) /7618.55-(Cons)
OR
Buy Closer to or C.O Above 7595.70 - 7595.70 Target1 - 7622.70 Target2 - 7639.40-7643.40 Target3 - 7660.10 Target4 7687.10 Target5 - 7688.20 Target6 - 7716.40 Target7 - 7724.60 Target8 - 7732.75 Target9 - 7755.60 Target10 - 7778.45 S/L 7595.70 or Day's Low
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Sell Below or Closer to 7639.40 Target1 - 7622.70 Target2 - 7595.70 Target3 - 7594.55 Target4 - 7566.40 Target5 - 7558.20 Target6 - 7550.05 Target7 - 7527.20 Target8 - 7504.35 S/L 7643.40-(aggr) /7664.25-(Cons)
OR
Sell Closer to or C.O Below 7687.10 Target1 - 7643.40-7639.40 Target2 - 7622.70 Target3 - 7595.70 Target4 - 7594.55 Target5 - 7566.40 Target6 - 7558.20 Target7 - 7550.05 Target8 - 7527.20 Target9 - 7504.35 S/L 7687.10 or Day's High
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Banknifty Future
Weak below 14838 and Strong above 14854. Main Support 14838-14886 and Main Resistances 14906-14955 and 15036-15096/-15136-15160. 14723 is Day Shocker. Day SAR is at 15208. 15028 (Sustaining Above)/ EOD close Above is First S/L for Shorts.
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Buy Above or Closer to 14903.40 Target1 - 14918.20 Target2 14946.35 Target3 - 14974.50 Target4 - 15024.75 Target5 - 15087.40 Target6 - 15150.00 Target7 - 15212.65 Target8 - 15275.30 S/L 14895.60-(aggr) /14836.85-(Cons)
OR
Buy Closer to or C.O Above 14774.25 - 14852.70 Target1 - 14880.80 Target2 - 14895.60-14903.40 Target3 - 14918.20 Target4 14946.35 Target5 - 14974.50 Target6 - 15024.75 Target7 - 15087.40 Target8 - 15150.00 Target9 - 15212.65 Target10 - 15275.30 S/L 14774.25 or Day's Low
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Sell Below or Closer to 14895.60 Target1 - 14880.80 Target2 - 14852.70 Target3 - 14824.50 Target4 - 14774.25 Target5 - 14711.60 Target6 - 14649.00 Target7 - 14586.35 Target8 - 14523.70 S/L 14903.40-(aggr) /14962.15-(Cons)
OR
Sell Closer to or C.O Below 15024.75 Target1 - 14903.40-14895.60 Target2 - 14880.80 Target3 - 14852.70 Target4 - 14824.50 Target5 - 14774.25 Target6 - 14711.60 Target7 - 14649.00 Target8 - 14586.35 Target9 - 14523.70 S/L 15024.75 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 7610 and Strong above 7618. Main Support 7619-7625 and 7640-7650 and Main Resistances 7670-7680 and 7692-7707/7714-7730. 7596 is Day Shocker. Day SAR is at 7700. 7675 (Sustaining above)/ EOD close above is First S/L for Shorts.
---------------------------------------------------------------------------------------------------------------
Buy Above or Closer to 7643.40 Target1 - 7660.10 Target2 7687.10 Target3 - 7688.20 Target4 - 7716.40 Target5 - 7724.60 Target6 - 7732.75 Target7 - 7755.60 Target8 - 7778.45 S/L 7639.40-(aggr) /7618.55-(Cons)
OR
Buy Closer to or C.O Above 7595.70 - 7595.70 Target1 - 7622.70 Target2 - 7639.40-7643.40 Target3 - 7660.10 Target4 7687.10 Target5 - 7688.20 Target6 - 7716.40 Target7 - 7724.60 Target8 - 7732.75 Target9 - 7755.60 Target10 - 7778.45 S/L 7595.70 or Day's Low
---------------------------------------------------------------------------------------------------------------
Sell Below or Closer to 7639.40 Target1 - 7622.70 Target2 - 7595.70 Target3 - 7594.55 Target4 - 7566.40 Target5 - 7558.20 Target6 - 7550.05 Target7 - 7527.20 Target8 - 7504.35 S/L 7643.40-(aggr) /7664.25-(Cons)
OR
Sell Closer to or C.O Below 7687.10 Target1 - 7643.40-7639.40 Target2 - 7622.70 Target3 - 7595.70 Target4 - 7594.55 Target5 - 7566.40 Target6 - 7558.20 Target7 - 7550.05 Target8 - 7527.20 Target9 - 7504.35 S/L 7687.10 or Day's High
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Banknifty Future
Weak below 14838 and Strong above 14854. Main Support 14838-14886 and Main Resistances 14906-14955 and 15036-15096/-15136-15160. 14723 is Day Shocker. Day SAR is at 15208. 15028 (Sustaining Above)/ EOD close Above is First S/L for Shorts.
---------------------------------------------------------------------------------------------------------------
Buy Above or Closer to 14903.40 Target1 - 14918.20 Target2 14946.35 Target3 - 14974.50 Target4 - 15024.75 Target5 - 15087.40 Target6 - 15150.00 Target7 - 15212.65 Target8 - 15275.30 S/L 14895.60-(aggr) /14836.85-(Cons)
OR
Buy Closer to or C.O Above 14774.25 - 14852.70 Target1 - 14880.80 Target2 - 14895.60-14903.40 Target3 - 14918.20 Target4 14946.35 Target5 - 14974.50 Target6 - 15024.75 Target7 - 15087.40 Target8 - 15150.00 Target9 - 15212.65 Target10 - 15275.30 S/L 14774.25 or Day's Low
---------------------------------------------------------------------------------------------------------------
Sell Below or Closer to 14895.60 Target1 - 14880.80 Target2 - 14852.70 Target3 - 14824.50 Target4 - 14774.25 Target5 - 14711.60 Target6 - 14649.00 Target7 - 14586.35 Target8 - 14523.70 S/L 14903.40-(aggr) /14962.15-(Cons)
OR
Sell Closer to or C.O Below 15024.75 Target1 - 14903.40-14895.60 Target2 - 14880.80 Target3 - 14852.70 Target4 - 14824.50 Target5 - 14774.25 Target6 - 14711.60 Target7 - 14649.00 Target8 - 14586.35 Target9 - 14523.70 S/L 15024.75 or Day's High
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Nifty Spot EOD 11th August, 2014
7700-7726 Huge resistance for Nifty Spot. The b-d line crossover (at 7700) will confirm end of f-leg of dimetric and commencement of g-leg from 7540.1.
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