Friday, October 10, 2014

Update on Nifty Spot

EOD close below 7886.50 will bring the bias to neutral.

Update on Nifty Spot

Nifty has retested the breakout area and would either breakout from this level or retest it one more time on monday / tuesday before breakout. Close below 7841 will weaken all breakout options.

Update on Nifty Spot

Holding 7841 is somewhat comfortable at EOD.

Update on Nifty Future

Holding 7906+ only longs may be initiated for the day.

Nifty Future Data Levels for 10th Oct, 2014

Nifty Future (Bias - Positive)
WEAK below 7955 and STRONG above 7984.  Main Support 7875-7899 and 7911-7925 and  Main Resistances 7952-7965 and 7974-7990.   7906 is Day Shocker.  Day SAR is at 8016.  7966 (Sustaining below)/ EOD close below is First S/L for Longs.
-- 7877-7887 - 7935-7943 - 7984 - 8002 - 8033 ++ 

Banknifty Future (Bias - Positive)
WEAK below 15735 and STRONG above 15792.  Main Support 15511-15578 and 15626-15689 and   Main Resistance 15718-15776 and 15810-15876.  15488 is Day Shocker. Day SAR is at 15735.  15576 (Sustaining Below)/ EOD close Below is First S/L for Longs.
-- 15438 - 15500 - 15544 - 15600 - 15696-15710 - 15792 - 15827 - 15889 ++