Thursday, September 25, 2014
Update on Nifty Spot EOD chart dated 25th Sep, 2014
The Larger F-leg of the diametric has ended at recent top. The last leg formation has been a distribution pattern in the form of an extracting triangle, which is highly bearish at Top and bullish at bottom. Heavy caution needed as this may be the first a-leg of the diametric G-Leg down.
Update on Nifty Spot
The 2nd corrective has completed and with an extracting triangle at the top and is very very bearish. Lot of caution needed.
Update on Nifty
More or less confirming that the 2nd corrective has completed and now it may be another x-wave or the next leg of down move started for the larger diametric.
Update on Nifty Spot
Nifty has to hold the previous swing low of 7925.15 for another 16 hours or about 3 days to avoid the beginning of a major correction. Let us see what happens.
Pre-Market Levels For 25th 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 7993 and STRONG above 8028. Main Support 7993-8011 and 8019-8027 and Main Resistances 8038-8050 and 8056-8069. 8090 is Day Shocker. Day SAR is at 8076. 8069 (Sustaining Above)/ EOD close Above is First S/L for Shorts.
-- 7994 / 8027(Vital) / 8075 / 8096 / 8103 ++
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Buy Above or Closer to 8017.20 Target1 - 8033.90 Target2 8059.30 Target3 - 8062.10 Target4 - 8090.20 Target5 - 8096.80 Target6 - 8103.40 Target7 - 8125.47 Target8 - 8147.55 S/L 8013.20-(aggr) /7993.15-(Cons)
OR
Buy Closer to or C.O Above 7971.10 - 7971.10 Target1 - 7996.50 Target2 - 8013.20-8017.20 Target3 - 8033.90 Target4 8059.30 Target5 - 8062.10 Target6 - 8090.20 Target7 - 8096.80 Target8 - 8103.40 Target9 - 8125.47 Target10 - 8147.55 S/L 7971.10 or Day's Low
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Sell Below or Closer to 8013.20 Target1 - 7996.50 Target2 - 7971.10 Target3 - 7968.35 Target4 - 7940.20 Target5 - 7933.60 Target6 - 7927.00 Target7 - 7904.95 Target8 - 7882.87 S/L 8017.20-(aggr) /8037.25-(Cons)
OR
Sell Closer to or C.O Below 8059.30 - 8062.10 Target1 - 8033.90 Target2 - 8017.20-8013.20 Target3 - 7996.50 Target4 - 7971.10 Target5 - 7968.35 Target6 - 7940.20 Target7 - 7933.60 Target8 - 7927.00 Target9 - 7904.95 Target10 - 7882.87 S/L 8062.10 or Day's High
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Banknifty Future (Bias - Negative)
WEAK below 15722 and STRONG above 15789. Main Support 15615-15722 and 15748-15791 and Main Resistance 15828-15876 and 15909-16012. 15948 is Day Shocker. Day SAR is at 16002. 16011 (Sustaining Above)/ EOD close Above is First S/L for Shorts.
-- 15692 / 15789(Vital) / 15883 / 15925-15937 / 16074-16086 ++
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Buy Above or Closer to 15769.50 Target1 - 15784.20 Target2 15812.40 Target3 - 15840.50 Target4 - 15879.55 Target5 - 15936.55 Target6 - 15993.55 Target7 - 16050.55 Target8 - 16107.55 S/L 15761.60-(aggr) /15708.55-(Cons)
OR
Buy Closer to or C.O Above 15651.55 - 15718.70 Target1 - 15746.80 Target2 - 15761.60-15769.50 Target3 - 15784.20 Target4 15812.40 Target5 - 15840.50 Target6 - 15879.55 Target7 - 15936.55 Target8 - 15993.55 Target9 - 16050.55 Target10 - 16107.55 S/L 15651.55 or Day's Low
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Sell Below or Closer to 15761.60 Target1 - 15746.80 Target2 - 15718.70 Target3 - 15690.55 Target4 - 15651.55 Target5 - 15594.55 Target6 - 15537.55 Target7 - 15480.55 Target8 - 15423.55 S/L 15769.50-(aggr) /15822.55-(Cons)
OR
Sell Closer to or C.O Below 15879.55 - 15840.50 Target1 - 15784.20 Target2 - 15769.50-15761.60 Target3 - 15746.80 Target4 - 15718.70 Target5 - 15690.55 Target6 - 15651.55 Target7 - 15594.55 Target8 - 15537.55 Target9 - 15480.55 Target10 - 15423.55 S/L 15879.55 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 7993 and STRONG above 8028. Main Support 7993-8011 and 8019-8027 and Main Resistances 8038-8050 and 8056-8069. 8090 is Day Shocker. Day SAR is at 8076. 8069 (Sustaining Above)/ EOD close Above is First S/L for Shorts.
-- 7994 / 8027(Vital) / 8075 / 8096 / 8103 ++
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Buy Above or Closer to 8017.20 Target1 - 8033.90 Target2 8059.30 Target3 - 8062.10 Target4 - 8090.20 Target5 - 8096.80 Target6 - 8103.40 Target7 - 8125.47 Target8 - 8147.55 S/L 8013.20-(aggr) /7993.15-(Cons)
OR
Buy Closer to or C.O Above 7971.10 - 7971.10 Target1 - 7996.50 Target2 - 8013.20-8017.20 Target3 - 8033.90 Target4 8059.30 Target5 - 8062.10 Target6 - 8090.20 Target7 - 8096.80 Target8 - 8103.40 Target9 - 8125.47 Target10 - 8147.55 S/L 7971.10 or Day's Low
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Sell Below or Closer to 8013.20 Target1 - 7996.50 Target2 - 7971.10 Target3 - 7968.35 Target4 - 7940.20 Target5 - 7933.60 Target6 - 7927.00 Target7 - 7904.95 Target8 - 7882.87 S/L 8017.20-(aggr) /8037.25-(Cons)
OR
Sell Closer to or C.O Below 8059.30 - 8062.10 Target1 - 8033.90 Target2 - 8017.20-8013.20 Target3 - 7996.50 Target4 - 7971.10 Target5 - 7968.35 Target6 - 7940.20 Target7 - 7933.60 Target8 - 7927.00 Target9 - 7904.95 Target10 - 7882.87 S/L 8062.10 or Day's High
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Banknifty Future (Bias - Negative)
WEAK below 15722 and STRONG above 15789. Main Support 15615-15722 and 15748-15791 and Main Resistance 15828-15876 and 15909-16012. 15948 is Day Shocker. Day SAR is at 16002. 16011 (Sustaining Above)/ EOD close Above is First S/L for Shorts.
-- 15692 / 15789(Vital) / 15883 / 15925-15937 / 16074-16086 ++
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Buy Above or Closer to 15769.50 Target1 - 15784.20 Target2 15812.40 Target3 - 15840.50 Target4 - 15879.55 Target5 - 15936.55 Target6 - 15993.55 Target7 - 16050.55 Target8 - 16107.55 S/L 15761.60-(aggr) /15708.55-(Cons)
OR
Buy Closer to or C.O Above 15651.55 - 15718.70 Target1 - 15746.80 Target2 - 15761.60-15769.50 Target3 - 15784.20 Target4 15812.40 Target5 - 15840.50 Target6 - 15879.55 Target7 - 15936.55 Target8 - 15993.55 Target9 - 16050.55 Target10 - 16107.55 S/L 15651.55 or Day's Low
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Sell Below or Closer to 15761.60 Target1 - 15746.80 Target2 - 15718.70 Target3 - 15690.55 Target4 - 15651.55 Target5 - 15594.55 Target6 - 15537.55 Target7 - 15480.55 Target8 - 15423.55 S/L 15769.50-(aggr) /15822.55-(Cons)
OR
Sell Closer to or C.O Below 15879.55 - 15840.50 Target1 - 15784.20 Target2 - 15769.50-15761.60 Target3 - 15746.80 Target4 - 15718.70 Target5 - 15690.55 Target6 - 15651.55 Target7 - 15594.55 Target8 - 15537.55 Target9 - 15480.55 Target10 - 15423.55 S/L 15879.55 or Day's High
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