Update on Nifty Future

Open was bullish since opened above buy level Target1 and achieved Target2 and currently dealing with a Sell / Resistance Zone. More strength may only be above this zone of  7966.6-7978.5.

Nifty Spot Hourly Chart - 28th August, 2014

g-leg of 2nd corrective is on and of which a-leg done, b-leg done or running. If b-leg is done the c-leg may have already started (which may be confirmed with strength above the last high 7968.25 only ) else b-leg may continue for some more time in a sidewise fashion. The g-leg of the diametric 2nd corrective may turn up as a ZZ or an Extracting triangle.

Pre-Market Levels For 28th 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 7931 and Strong above 7947.  Main Support 7897-7905 and 7920-7928 and  Main Resistances 7962-7967 and 7996-8011.   7934 is Day Shocker.  Day SAR is at 7770.  7872 (Sustaining Below)/ EOD close Below is First S/L for Longs.
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Buy Above or Closer to 7933.60 Target1 - 7950.30  Target2 7966.60 Target3 - 7978.50  Target4 - 8001.60 Target5 - 8004.10 Target6 - 8006.60 Target7 - 8019.10 Target8 - 8036.60 S/L 7929.60-(aggr) /7914.10-(Cons)
OR
Buy Closer to or C.O Above 7896.60 - 7896.60  Target1 - 7912.90  Target2 - 7929.60-7933.60 Target3 - 7950.30  Target4 7966.60 Target5 - 7978.50  Target6 - 8001.60 Target7 - 8004.10 Target8 - 8006.60 Target9 - 8019.10 Target10 - 8036.60 S/L 7896.60 or Day's Low
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Sell Below or Closer to 7929.60 Target1 - 7912.90  Target2 - 7896.60  Target3 - 7884.75 Target4 - 7861.60 Target5 - 7859.10 Target6 - 7856.60 Target7 - 7844.10 Target8 - 7826.60 S/L 7933.60-(aggr) /7949.10-(Cons)
OR
Sell Closer to  or C.O Below 7966.60 - 7978.50  Target1 - 7950.30  Target2 - 7933.60-7929.60 Target3 - 7912.90  Target4 - 7896.60  Target5 - 7884.75 Target6 - 7861.60 Target7 - 7859.10 Target8 - 7856.60 Target9 - 7844.10 Target10 - 7826.60 S/L 7978.50  or Day's High
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Banknifty Future
Weak below 15713 and Strong above 15744.  Main Support 15611-15701 and   Main Resistance 15850-15906 .  15793 is Day Shocker. Day SAR is at 15365.  15502 (Sustaining below)/ EOD close below is First S/L for Longs.
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Buy Above or Closer to 15717.55 Target1 - 15732.30  Target2 15760.45 Target3 - 15788.60  Target4 - 15829.20 Target5 - 15887.00 Target6 - 15944.80 Target7 - 16002.60 Target8 - 16060.40 S/L 15709.65-(aggr) /15655.80-(Cons)
OR
Buy Closer to or C.O Above 15598.00 - 15666.70  Target1 - 15694.90  Target2 - 15709.65-15717.55 Target3 - 15732.30  Target4 15760.45 Target5 - 15788.60  Target6 - 15829.20 Target7 - 15887.00 Target8 - 15944.80 Target9 - 16002.60 Target10 - 16060.40 S/L 15598.00 or Day's Low
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Sell Below or Closer to 15709.65 Target1 - 15694.90  Target2 - 15666.70  Target3 - 15638.60 Target4 - 15598.00 Target5 - 15540.20 Target6 - 15482.40 Target7 - 15424.60 Target8 - 15366.80 S/L 15717.55-(aggr) /15771.40-(Cons)
OR
Sell Closer to  or C.O Below 15829.20 - 15788.60  Target1 - 15732.30  Target2 - 15717.55-15709.65 Target3 - 15694.90  Target4 - 15666.70  Target5 - 15638.60 Target6 - 15598.00 Target7 - 15540.20 Target8 - 15482.40 Target9 - 15424.60 Target10 - 15366.80 S/L 15788.60  or Day's High
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Update

Stocks Blog Updated.