Wednesday, April 15, 2015

Update

8680-8725 Big support as seen earlier.  So holding this a rally may resume (after x-wave down for unfinished a-leg up)  / unfold( as b of b-leg down)  at some time tomorrow / Day after.

Update

Now longs are not suggested here. Hope longs exited below :

Weak Below / Strong Above 8842 For Nifty Future.


Weak Below / Strong Above 18824 for Banknifty Future.

Update on Nifty Spot

Close below 8762 may confirm change of bias and may indicate the completion of a-leg up of e-leg and the commencement of b-leg / x-leg of an unfinished a-leg of e-leg. The swift downmove will be the a-leg of b-leg down or an x-wave with a-leg up of e-leg. We need EOD price confirmation.

Update on Nifty Future

After 8888, 8900-8910 resistance for the day for Nifty Future.

Update on Nifty and Banknifty

Buy on dips and positive momentum continuing.

Nifty Spot Hourly Chart as on EOD 10th April, 2015

        We are in the a-leg of e-leg up of the third corrective diametric.

Nifty and Banknifty Future Key Level(s) for 15th April, 2015

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Positive)

Weak Below / Strong Above 8842.  
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Banknifty Future (Bias -  Positive)

Weak Below / Strong Above 18824. 

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