Friday, September 12, 2014

Update on Nifty Future

8149(actual 8148) almost hit!

Update on Nifty Future

Either 8086 or 8149 is likely today in Nifty Future. IIP & Inflation data pending this evening. 

Update on Nifty Future

Bullish above 8122.

Pre-Market Levels For 12th Sep, 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 (Bias - Negative)
Weak below 8086 and Strong above 8123.  Main Support 8037-8056 and 8078-8098 and  Main Resistances 8122-8132 and 8140-8164.   8166 is Day Shocker.  Day SAR is at 8036.  8123 (Sustaining Above)/ EOD close above is First S/L for Shorts.
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Buy Above or Closer to 8121.40 Target1 - 8138.10  Target2 8151.40 Target3 - 8166.20  Target4 - 8183.45 Target5 - 8188.90 Target6 - 8194.40 Target7 - 8199.45 Target8 - 8215.45 S/L 8117.40-(aggr) /8103.40-(Cons)
OR
Buy Closer to or C.O Above 8087.40 - 8087.40  Target1 - 8100.70  Target2 - 8117.40-8121.40 Target3 - 8138.10  Target4 8151.40 Target5 - 8166.20  Target6 - 8183.45 Target7 - 8188.90 Target8 - 8194.40 Target9 - 8199.45 Target10 - 8215.45 S/L 8087.40 or Day's Low  
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Sell Below or Closer to 8117.40 Target1 - 8100.70  Target2 - 8087.40  Target3 - 8072.55 Target4 - 8055.35 Target5 - 8049.90 Target6 - 8044.40 Target7 - 8039.35 Target8 - 8023.35 S/L 8121.40-(aggr) /8135.40-(Cons)
OR
Sell Closer to  or C.O Below 8151.40 - 8166.20  Target1 - 8138.10  Target2 - 8121.40-8117.40 Target3 - 8100.70  Target4 - 8087.40  Target5 - 8072.55 Target6 - 8055.35 Target7 - 8049.90 Target8 - 8044.40 Target9 - 8039.35 Target10 - 8023.35 S/L 8166.20  or Day's High  
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Banknifty Future (Bias - Positive)
Weak below 16218 and Strong above 16289.  Main Support 16105-16170 and 16209-16274 and   Main Resistance 16287-16325 and 16361-16400.  16340 is Day Shocker. Day SAR is at 15937.  16178 (Sustaining below)/ EOD close below is First S/L for Longs.
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Buy Above or Closer to 16287.60 Target1 - 16302.20  Target2 16330.40 Target3 - 16358.50  Target4 - 16383.25 Target5 - 16433.10 Target6 - 16482.95 Target7 - 16532.85 Target8 - 16582.70 S/L 16279.50-(aggr) /16233.70-(Cons)
OR
Buy Closer to or C.O Above 16183.85 - 16236.70  Target1 - 16264.80  Target2 - 16279.50-16287.60 Target3 - 16302.20  Target4 16330.40 Target5 - 16358.50  Target6 - 16383.25 Target7 - 16433.10 Target8 - 16482.95 Target9 - 16532.85 Target10 - 16582.70 S/L 16183.85 or Day's Low  
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Sell Below or Closer to 16279.50 Target1 - 16264.80  Target2 - 16236.70  Target3 - 16208.55 Target4 - 16183.85 Target5 - 16134.00 Target6 - 16084.15 Target7 - 16034.25 Target8 - 15984.40 S/L 16287.60-(aggr) /16333.40-(Cons)
OR
Sell Closer to  or C.O Below 16383.25 - 16358.50  Target1 - 16302.20  Target2 - 16287.60-16279.50 Target3 - 16264.80  Target4 - 16236.70  Target5 - 16208.55 Target6 - 16183.85 Target7 - 16134.00 Target8 - 16084.15 Target9 - 16034.25 Target10 - 15984.40 S/L 16383.25  or Day's High 
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Update on Nifty Spot

8049.85 needs to be protected, if not yesterday's low of 8057.3 else next support goes down to 7967.8-7984. On the higher side 8132.95 is crucial for the day to conquer to prevent the formation of a weekly bear candle.