Update on NIfty Spot

8523 plus Nifty Spot may get further momentum.

Update on Nifty

Market is a bit overbought here in Hourly.

Nifty Spot Hourly Chart intraday 16th Jan, 2015

A probable diamond diametric is forming in b-leg up. Target may be 8640 or more (min Target 8486 already done). Upmove may continue for another 2-3 (including today) days before any pause / correction.

Update on Nifty Spot

8453 Key Support - 8523 Key Resistance for Nifty Spot. 8493 (80% Retracement of the entire fall is in between).

Nifty Future Data Levels for 16th Jan, 2014

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Positive)
-- 8424 - 8483 - 8542 ++
---------------------------------------------------------------------------------------------------------------

Banknifty Future (Bias - Positive)
-- 19063 - 19197 - 19332 ++
---------------------------------------------------------------------------------------------------------------