Friday, September 26, 2014

Update

Nifty seems to be out of woods.!

Update

Close of the week vital.

Update on Nifty Future

Both Calls worked well!

Buy Above or Closer to 7948.60 Target1 - 7973.80  Target2 7990.50 Target3 - 7994.90  Target4 - 8018.05
and 
Sell Closer to 8018.36 - 8018.65 Range  Target1 - 8018.05 Target2 - 7990.50 - 7994.90  Target3 - 7973.80  Target4 - 7948.60-7969.80 Target5 - 7953.10  Target6 - 7925.00 

Update

Market has almost reached a serious caution point or make or break level. If the below mentioned levels are held EOD it may not be a confirmed big correction and market may also revive from here!

Update

Nifty closing below 7925.15 and Sensex closing below 26464.03 by EOD will give the final confirmation for the Major F-leg completion of the larger diametric and commencement of last G-leg down for the larger diametric.

Pre-Market Levels For 26th 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 7907 and STRONG above 7941.  Main Support 7845-7877 and 7895-7921 and  Main Resistances 7940-7955 and 7974-7996.   7969 is Day Shocker.  Day SAR is at 8042.  8030 (Sustaining Above)/ EOD close Above is First S/L for Shorts.
-- 7752/7785 - 7880 - 7940 - 7983 - 8008 ++
Crucial Support / Resistance Level for Nifty Spot 7907
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Buy Above or Closer to 7948.60 Target1 - 7973.80  Target2 7990.50 Target3 - 7994.90  Target4 - 8018.05 Target5 - 8018.36 Target6 - 8018.65 Target7 - 8041.25 Target8 - 8046.80 S/L 7948.60-(aggr) /7913.86-(Cons)
OR
Buy Closer to or C.O Above 7855.90 - 7925.00  Target1 - 7953.10  Target2 - 7969.80-7948.60 Target3 - 7973.80  Target4 7990.50 Target5 - 7994.90  Target6 - 8018.05 Target7 - 8018.36 Target8 - 8018.65 Target9 - 8041.25 Target10 - 8046.80 S/L 7855.90 or Day's Low  
OR
Buy Closer to 7809.60 - 7832.75 Range  Target1 - 7855.90 Target2 - 7896.80 - 7925.00  Target3 - 7953.10  Target4 - 7969.80-7948.60 Target5 - 7973.80  Target6 7990.50 Target7 - 7994.90  Target8 - 8018.05 Target9 - 8018.36 Target10 - 8018.65 Target9 - 8041.25 Target10 - 8046.80 S/L 7798.00 Or Day Low
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Sell Below or Closer to 7969.80 Target1 - 7953.10  Target2 - 7925.00  Target3 - 7896.80 Target4 - 7855.90 Target5 - 7832.75 Target6 - 7809.60 Target7 - 7786.45 Target8 - 7763.25 S/L 7969.80-(aggr) / Day High
OR
Sell Closer to  or C.O Below 7948.60 - 7994.90  Target1 - 7973.80  Target2 - 7948.60-7969.80 Target3 - 7953.10  Target4 - 7925.00  Target5 - 7896.80 Target6 - 7855.90 Target7 - 7832.75 Target8 - 7809.60 Target9 - 7786.45 Target10 - 7763.25 S/L 7994.90  or Day's High  
OR
Sell Closer to 8018.36 - 8018.65 Range  Target1 - 8018.05 Target2 - 7990.50 - 7994.90  Target3 - 7973.80  Target4 - 7948.60-7969.80 Target5 - 7953.10  Target6 - 7925.00  Target7 - 7896.80 Target8 - 7855.90 Target9 - 7832.75 Target10 - 7809.60 Target11 - 7786.45 Target12 - 7763.25 S/L 8029.95 or Day's High  
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Banknifty Future (Bias - Negative)
WEAK below 15289 and STRONG above 15354.  Main Support 15069-15130 and 15200-15253 and   Main Resistance 15290-15354 and 15417-15505.  15528 is Day Shocker. Day SAR is at 15782.  15833 (Sustaining Above)/ EOD close Above is First S/L for Shorts.
-- 14991 - 15053 - 15237 - 15354 - 15437 - 15508 ++
Crucial Support / Resistance Level for Banknifty Spot 15290
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Buy Above or Closer to 15390.50 Target1 - 15449.20  Target2 15463.95 Target3 - 15492.10  Target4 - 15516.60 Target5 - 15518.45 Target6 - 15520.25 Target7 - 15579.70 Target8 - 15642.75 S/L 15441.35-(aggr) /15291.75-(Cons)
OR
Buy Closer to or C.O Above 15138.30 - 15398.40  Target1 - 15426.60  Target2 - 15441.35-15390.50 Target3 - 15449.20  Target4 15463.95 Target5 - 15492.10  Target6 - 15516.60 Target7 - 15518.45 Target8 - 15520.25 Target9 - 15579.70 Target10 - 15642.75 S/L 15138.30 or Day's Low 
OR
Buy Closer to 15012.20 - 15075.25 Range  Target1 - 15138.30 Target2 - 15370.25 - 15398.40  Target3 - 15426.60  Target4 - 15441.35-15390.50 Target5 - 15449.20  Target6 15463.95 Target7 - 15492.10  Target8 - 15516.60 Target9 - 15518.45 Target10 - 15520.25 Target9 - 15579.70 Target10 - 15642.75 S/L 14980.65 Or Day Low
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Sell Below or Closer to 15441.35 Target1 - 15426.60  Target2 - 15398.40  Target3 - 15370.25 Target4 - 15138.30 Target5 - 15075.25 Target6 - 15012.20 Target7 - 14949.10 Target8 - 14886.05 S/L 15390.50-(aggr) /15417.90-(Cons)
OR
Sell Closer to  or C.O Below 15390.50 - 15492.10  Target1 - 15449.20  Target2 - 15390.50-15441.35 Target3 - 15426.60  Target4 - 15398.40  Target5 - 15370.25 Target6 - 15138.30 Target7 - 15075.25 Target8 - 15012.20 Target9 - 14949.10 Target10 - 14886.05 S/L 15390.50  or Day's High  
OR
Sell Closer to 15518.45 - 15520.25 Range  Target1 - 15516.60 Target2 - 15463.95 - 15492.10  Target3 - 15449.20  Target4 - 15390.50-15441.35 Target5 - 15426.60  Target6 - 15398.40  Target7 - 15370.25 Target8 - 15138.30 Target9 - 15075.25 Target10 - 15012.20 Target11 - 14949.10 Target12 - 14886.05 S/L 15549.95 or Day's High  
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