Thursday, March 12, 2015

8878 plus closing only truely bullish. Otherwise staying out and deciding tomorrow moring afresh is better.

Update on Nifty Spot

Bias changing to posive after so many days of downtrend with a close above 8756  Nifty spot. Shorts be careful in the short term. 

Update on Nifty Spot

Though Spot Nifty has held on to 8669 till today (time limit) but Sensex has already broken the equivalent level. The correction is on it's 5th day today and could continue for a total of 12 to 17 days Minimum. Lot of time / price correction left. Trade with caution for longs and 8669 may go tomorrow i.e friday as part of trend assertion.  8778 plus sustaining may be bullish.

update on Nifty Future

Below 8797 weakness will come in Nifty Future.

Nifty Future Data Levels for 12th Mar, 2015

TRADE the Levels, Charts Can Adjust.
No need to unnessarily worry if 8669 holds today.

Nifty Future (Bias - Negative)

Range for Nifty Future and breakout beyond this range - 8707  - 8734  - 8771 - 8797 -

- 8674 - 8707 - 8739 - 8771 - 8803 - 8836 - 8868 ++
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Banknifty Future (Bias -  Negative)

Range for Banknifty Future and breakout beyond this range - 19091 - 19285 -

 - 18735 - 18947 - 19018 - 19089 - 19159 - 19230 - 19301 - 19371 - 19442 - 19513 - 19583 - 19654 ++
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