Tuesday, September 16, 2014
Update on Nifty and Banknifty Future
8048 and 16201, the vital levels broken for Nifty and Banknifty future to suffer this selloff.
Update on Banknifty
Banknifty Future
16040 / 16128 / 16130 / 16201(Vital)/ 16244 / 16296 / 16357 / 16470 / 16490
16126 Crucial for Banknifty Spot
16040 / 16128 / 16130 / 16201(Vital)/ 16244 / 16296 / 16357 / 16470 / 16490
16126 Crucial for Banknifty Spot
Update on Nifty
Nifty Future
7968 / 8012 / 8013 / 8048(vital) / 8070 / 8095 / 8126
8011 Crucial for Nifty Spot
7968 / 8012 / 8013 / 8048(vital) / 8070 / 8095 / 8126
8011 Crucial for Nifty Spot
Pre-Market Levels For 16th 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 8044 and STRONG above 8070. Main Support 8011-8020 and 8031-8041 and Main Resistances 8079-8095 and 8099-8111/8118-8122. 8073 is Day Shocker. Day SAR is at 8036. 8111 (Sustaining Above)/ EOD close above is First S/L for Shorts.
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Buy Above or Closer to 8064.55 Target1 - 8081.20 Target2 8095.70 Target3 - 8109.40 Target4 - 8128.85 Target5 - 8133.20 Target6 - 8137.55 Target7 - 8145.45 Target8 - 8162.00 S/L 8060.55-(aggr) /8045.95-(Cons)
OR
Buy Closer to or C.O Above 8029.40 - 8029.40 Target1 - 8043.80 Target2 - 8060.55-8064.55 Target3 - 8081.20 Target4 8095.70 Target5 - 8109.40 Target6 - 8128.85 Target7 - 8133.20 Target8 - 8137.55 Target9 - 8145.45 Target10 - 8162.00 S/L 8029.40 or Day's Low
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Sell Below or Closer to 8060.55 Target1 - 8043.80 Target2 - 8029.40 Target3 - 8015.70 Target4 - 7996.25 Target5 - 7991.90 Target6 - 7987.55 Target7 - 7979.65 Target8 - 7963.10 S/L 8064.55-(aggr) /8079.15-(Cons)
OR
Sell Closer to or C.O Below 8095.70 - 8109.40 Target1 - 8081.20 Target2 - 8064.55-8060.55 Target3 - 8043.80 Target4 - 8029.40 Target5 - 8015.70 Target6 - 7996.25 Target7 - 7991.90 Target8 - 7987.55 Target9 - 7979.65 Target10 - 7963.10 S/L 8109.40 or Day's High
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Banknifty Future (Bias - Positive)
WEAK below 16193 and STRONG above 16244. Main Support 16003-16074 and 16134-16194 and Main Resistance 16218-16321 and 16387-16466. 16312 is Day Shocker. Day SAR is at 15937. 16218 (Sustaining below)/ EOD close below is First S/L for Longs.
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Buy Above or Closer to 16233.40 Target1 - 16248.00 Target2 16276.20 Target3 - 16304.30 Target4 - 16320.65 Target5 - 16366.35 Target6 - 16412.00 Target7 - 16457.65 Target8 - 16503.35 S/L 16225.30-(aggr) /16183.69-(Cons)
OR
Buy Closer to or C.O Above 16138.00 - 16182.50 Target1 - 16210.60 Target2 - 16225.30-16233.40 Target3 - 16248.00 Target4 16276.20 Target5 - 16304.30 Target6 - 16320.65 Target7 - 16366.35 Target8 - 16412.00 Target9 - 16457.65 Target10 - 16503.35 S/L 16138.00 or Day's Low
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Sell Below or Closer to 16225.30 Target1 - 16210.60 Target2 - 16182.50 Target3 - 16154.35 Target4 - 16138.00 Target5 - 16092.35 Target6 - 16046.70 Target7 - 16001.05 Target8 - 15955.35 S/L 16233.40-(aggr) /16275.00-(Cons)
OR
Sell Closer to or C.O Below 16320.65 - 16304.30 Target1 - 16248.00 Target2 - 16233.40-16225.30 Target3 - 16210.60 Target4 - 16182.50 Target5 - 16154.35 Target6 - 16138.00 Target7 - 16092.35 Target8 - 16046.70 Target9 - 16001.05 Target10 - 15955.35 S/L 16320.65 or Day's High
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For Nifty +/- 5/6 Points and for Banknifty +/-10-12 Points, is allowed deviation
Nifty Future (Bias - Negative)
WEAK below 8044 and STRONG above 8070. Main Support 8011-8020 and 8031-8041 and Main Resistances 8079-8095 and 8099-8111/8118-8122. 8073 is Day Shocker. Day SAR is at 8036. 8111 (Sustaining Above)/ EOD close above is First S/L for Shorts.
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Buy Above or Closer to 8064.55 Target1 - 8081.20 Target2 8095.70 Target3 - 8109.40 Target4 - 8128.85 Target5 - 8133.20 Target6 - 8137.55 Target7 - 8145.45 Target8 - 8162.00 S/L 8060.55-(aggr) /8045.95-(Cons)
OR
Buy Closer to or C.O Above 8029.40 - 8029.40 Target1 - 8043.80 Target2 - 8060.55-8064.55 Target3 - 8081.20 Target4 8095.70 Target5 - 8109.40 Target6 - 8128.85 Target7 - 8133.20 Target8 - 8137.55 Target9 - 8145.45 Target10 - 8162.00 S/L 8029.40 or Day's Low
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Sell Below or Closer to 8060.55 Target1 - 8043.80 Target2 - 8029.40 Target3 - 8015.70 Target4 - 7996.25 Target5 - 7991.90 Target6 - 7987.55 Target7 - 7979.65 Target8 - 7963.10 S/L 8064.55-(aggr) /8079.15-(Cons)
OR
Sell Closer to or C.O Below 8095.70 - 8109.40 Target1 - 8081.20 Target2 - 8064.55-8060.55 Target3 - 8043.80 Target4 - 8029.40 Target5 - 8015.70 Target6 - 7996.25 Target7 - 7991.90 Target8 - 7987.55 Target9 - 7979.65 Target10 - 7963.10 S/L 8109.40 or Day's High
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Banknifty Future (Bias - Positive)
WEAK below 16193 and STRONG above 16244. Main Support 16003-16074 and 16134-16194 and Main Resistance 16218-16321 and 16387-16466. 16312 is Day Shocker. Day SAR is at 15937. 16218 (Sustaining below)/ EOD close below is First S/L for Longs.
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Buy Above or Closer to 16233.40 Target1 - 16248.00 Target2 16276.20 Target3 - 16304.30 Target4 - 16320.65 Target5 - 16366.35 Target6 - 16412.00 Target7 - 16457.65 Target8 - 16503.35 S/L 16225.30-(aggr) /16183.69-(Cons)
OR
Buy Closer to or C.O Above 16138.00 - 16182.50 Target1 - 16210.60 Target2 - 16225.30-16233.40 Target3 - 16248.00 Target4 16276.20 Target5 - 16304.30 Target6 - 16320.65 Target7 - 16366.35 Target8 - 16412.00 Target9 - 16457.65 Target10 - 16503.35 S/L 16138.00 or Day's Low
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Sell Below or Closer to 16225.30 Target1 - 16210.60 Target2 - 16182.50 Target3 - 16154.35 Target4 - 16138.00 Target5 - 16092.35 Target6 - 16046.70 Target7 - 16001.05 Target8 - 15955.35 S/L 16233.40-(aggr) /16275.00-(Cons)
OR
Sell Closer to or C.O Below 16320.65 - 16304.30 Target1 - 16248.00 Target2 - 16233.40-16225.30 Target3 - 16210.60 Target4 - 16182.50 Target5 - 16154.35 Target6 - 16138.00 Target7 - 16092.35 Target8 - 16046.70 Target9 - 16001.05 Target10 - 15955.35 S/L 16320.65 or Day's High
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Nifty Spot Hourly Chart EOD 15th Sep, 2014
Nifty is in d-leg of the probable Diametric or Extracting triangle formation and has also formed an Head and Shoulder. The Head and Shoulder and the extracting triangle is targeting somewhere close to 7940-7970 zone and diametric can end earlier. Nifty may also form an Inverted Bullish Head and Shoulder from here where the Head is getting formed now. Let us wait and watch.
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