Tuesday, August 19, 2014
Update on Nifty Spot
From the day high falls should be restricted within, going by the earlier corrections :
7918.55-39.95 = 7878.6 (7881.15 ( very close) - done)
OR
7918.55-61.40 = 7857.15
Stoploss for short from here is sustaining above 7912.
7918.55-39.95 = 7878.6 (7881.15 ( very close) - done)
OR
7918.55-61.40 = 7857.15
Stoploss for short from here is sustaining above 7912.
Update on Nifty Future
Day open has been about but above buy level target1 (7896.4) and hence bullish opening. Whenever opening is bullish there is normally no substantial fall if at all it should be restricted to Sell Level Target1.
Update on Nifty Future
7906 is the key deciding level for Nifty Future today. Since the bias is positive and as long as it remains so we have to buy in dips.
Pre-Market Levels For 19th Aug, 2014 for Intraday 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 7858 and Strong above 7868. Main Support 7839-7847 and 7877-7887 and Main Resistances 7909-7926 and 7941-7960. 7906 is Day Shocker. Day SAR is at 7724. 7862 (Sustaining Below)/ EOD close Below is First S/L for Longs.
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Buy Above or Closer to 7879.70 Target1 - 7896.40 Target2 7924.55 Target3 - 7925.50 Target4 - 7952.70 Target5 - 7962.95 Target6 - 7973.20 Target7 - 7997.10 Target8 - 8020.95 S/L 7875.70-(aggr) /7853.80-(Cons)
OR
Buy Closer to or C.O Above 7829.95 - 7830.90 Target1 - 7859.00 Target2 - 7875.70-7879.70 Target3 - 7896.40 Target4 7924.55 Target5 - 7925.50 Target6 - 7952.70 Target7 - 7962.95 Target8 - 7973.20 Target9 - 7997.10 Target10 - 8020.95 S/L 7829.95 or Day's Low
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Sell Below or Closer to 7875.70 Target1 - 7859.00 Target2 - 7830.90 Target3 - 7829.95 Target4 - 7802.70 Target5 - 7792.45 Target6 - 7782.20 Target7 - 7758.30 Target8 - 7734.45 S/L 7879.70-(aggr) /7901.60-(Cons)
OR
Sell Closer to or C.O Below 7925.45 Target1 - 7896.40 Target2 - 7879.70-7875.70 Target3 - 7859.00 Target4 - 7830.90 Target5 - 7829.95 Target6 - 7802.70 Target7 - 7792.45 Target8 - 7782.20 Target9 - 7758.30 Target10 - 7734.45 S/L 7925.45 or Day's High
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Banknifty Future
Weak below 15428 and Strong above 15411. Main Support 15315-15364 and 15401-15456 and Main Resistances 15501-15563 and 15673-15735. 15335 is Day Shocker. Day SAR is at 15130. 15384 (Sustaining below)/ EOD close below is First S/L for Longs.
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Buy Above or Closer to 15452.65 Target1 - 15467.50 Target2 15495.60 Target3 - 15523.80 Target4 - 15580.65 Target5 - 15646.60 Target6 - 15712.55 Target7 - 15778.50 Target8 - 15844.45 S/L 15444.85-(aggr) /15382.80-(Cons)
OR
Buy Closer to or C.O Above 15316.85 - 15401.90 Target1 - 15430.10 Target2 - 15444.85-15452.65 Target3 - 15467.50 Target4 15495.60 Target5 - 15523.80 Target6 - 15580.65 Target7 - 15646.60 Target8 - 15712.55 Target9 - 15778.50 Target10 - 15844.45 S/L 15316.85 or Day's Low
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Sell Below or Closer to 15444.85 Target1 - 15430.10 Target2 - 15401.90 Target3 - 15373.75 Target4 - 15316.85 Target5 - 15250.90 Target6 - 15184.95 Target7 - 15119.00 Target8 - 15053.05 S/L 15452.65-(aggr) /15514.70-(Cons)
OR
Sell Closer to or C.O Below 15580.65 Target1 - 15467.50 Target2 - 15452.65-15444.85 Target3 - 15430.10 Target4 - 15401.90 Target5 - 15373.75 Target6 - 15316.85 Target7 - 15250.90 Target8 - 15184.95 Target9 - 15119.00 Target10 - 15053.05 S/L 15580.65 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 7858 and Strong above 7868. Main Support 7839-7847 and 7877-7887 and Main Resistances 7909-7926 and 7941-7960. 7906 is Day Shocker. Day SAR is at 7724. 7862 (Sustaining Below)/ EOD close Below is First S/L for Longs.
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Buy Above or Closer to 7879.70 Target1 - 7896.40 Target2 7924.55 Target3 - 7925.50 Target4 - 7952.70 Target5 - 7962.95 Target6 - 7973.20 Target7 - 7997.10 Target8 - 8020.95 S/L 7875.70-(aggr) /7853.80-(Cons)
OR
Buy Closer to or C.O Above 7829.95 - 7830.90 Target1 - 7859.00 Target2 - 7875.70-7879.70 Target3 - 7896.40 Target4 7924.55 Target5 - 7925.50 Target6 - 7952.70 Target7 - 7962.95 Target8 - 7973.20 Target9 - 7997.10 Target10 - 8020.95 S/L 7829.95 or Day's Low
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Sell Below or Closer to 7875.70 Target1 - 7859.00 Target2 - 7830.90 Target3 - 7829.95 Target4 - 7802.70 Target5 - 7792.45 Target6 - 7782.20 Target7 - 7758.30 Target8 - 7734.45 S/L 7879.70-(aggr) /7901.60-(Cons)
OR
Sell Closer to or C.O Below 7925.45 Target1 - 7896.40 Target2 - 7879.70-7875.70 Target3 - 7859.00 Target4 - 7830.90 Target5 - 7829.95 Target6 - 7802.70 Target7 - 7792.45 Target8 - 7782.20 Target9 - 7758.30 Target10 - 7734.45 S/L 7925.45 or Day's High
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Banknifty Future
Weak below 15428 and Strong above 15411. Main Support 15315-15364 and 15401-15456 and Main Resistances 15501-15563 and 15673-15735. 15335 is Day Shocker. Day SAR is at 15130. 15384 (Sustaining below)/ EOD close below is First S/L for Longs.
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Buy Above or Closer to 15452.65 Target1 - 15467.50 Target2 15495.60 Target3 - 15523.80 Target4 - 15580.65 Target5 - 15646.60 Target6 - 15712.55 Target7 - 15778.50 Target8 - 15844.45 S/L 15444.85-(aggr) /15382.80-(Cons)
OR
Buy Closer to or C.O Above 15316.85 - 15401.90 Target1 - 15430.10 Target2 - 15444.85-15452.65 Target3 - 15467.50 Target4 15495.60 Target5 - 15523.80 Target6 - 15580.65 Target7 - 15646.60 Target8 - 15712.55 Target9 - 15778.50 Target10 - 15844.45 S/L 15316.85 or Day's Low
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Sell Below or Closer to 15444.85 Target1 - 15430.10 Target2 - 15401.90 Target3 - 15373.75 Target4 - 15316.85 Target5 - 15250.90 Target6 - 15184.95 Target7 - 15119.00 Target8 - 15053.05 S/L 15452.65-(aggr) /15514.70-(Cons)
OR
Sell Closer to or C.O Below 15580.65 Target1 - 15467.50 Target2 - 15452.65-15444.85 Target3 - 15430.10 Target4 - 15401.90 Target5 - 15373.75 Target6 - 15316.85 Target7 - 15250.90 Target8 - 15184.95 Target9 - 15119.00 Target10 - 15053.05 S/L 15580.65 or Day's High
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Update on Nifty
With the Minimum Target being done it is not forcing on Nifty to achieve all the targets. Nifty is also at a highly OB level in Hourly / Daily chart. Caution is the need of the hour. Shorting at an appropriate level could yield good return as well.
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