Update on Nifty Spot

This was posted on 22nd January, 10.10 AM and Nifty has almost undertaken the Journey. It might finish it off at Gap up open on Monday!

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Update on Nifty Spot

Nifty spot has broken out of falling wedge and hence if  the breakout is true 7600 may be seen in 5 days from today.

Posted by Sandip Pal at 10:10 AM No comments:  
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Update on Nifty Future

7522-7526 Stiff resistance now. Weak below 7506.

Update on Banknifty Future

For Banknifty Future 15210 is the intraday key level.

Update on Nifty Future

From the trading point of view now 7465 holds the key.

Update

Nifty and Banknifty Currently displaying opposite trends.

Update on Nifty Future

Nifty Future quickly completed the range trading and has reversed from the Day Shocker level.
May be done for the day as far as large move is concerned.

Nifty and Banknifty Future Key Level(s) for 29th Jan, 2016

TRADE the Levels, Charts Can Adjust.
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Nifty Future (Bias -Positive) -  Key Number for the day 7424

Trade This  [ - 7403-7429 - (Must touch) - 7467-7493 (Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 7439. 7491 is Day Shocker.  Day SAR is at 7439.  7424(Sustaining Below)/ EOD close Below is First S/L for Longs.
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Banknifty Future (Bias -Negative) - Key Number for the day 15497

Trade This  [ - 15346-15369 - (Must touch) - 15518-15540 (Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 15413. 15719 is Day Shocker.  Day SAR is at 15497. 15413(Sustaining Above)/ EOD close Above is First S/L for Shorts.
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Daily Chart Nifty Spot as on EOD 28/1/2016

The a-leg of new upmove was over on 25th and the corrective b-leg is going on. Time equality will be achieved with a-leg after today. Faster retracement will confirm completion of b-leg and commencement of c-leg.

Nifty and Banknifty Future Key Level(s) for 28th Jan, 2016

TRADE the Levels, Charts Can Adjust.
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Nifty Future (Bias -Positive) -  Key Number for the day 7439

Weak Below / Strong Above 7426. 

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Banknifty Future (Bias -Positive) - Key Number for the day 15537

Weak Below / Strong Above 15501. 

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Update on Nifty Future

7439 for Nifty Future  and 15538 for Banknifty Future crucial for expiry.

Update on Nifty Future

7467 is the key for the day from here.

Nifty and Banknifty Future Key Level(s) for 27th Jan, 2016

TRADE the Levels, Charts Can Adjust.
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Nifty Future (Bias -Positive) -  Key Number for the day 7470

Weak Below / Strong Above 7439. 

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Banknifty Future (Bias -Positive) - Key Number for the day 15613

Weak Below / Strong Above 15538. 

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Update on Banknifty Future

15459 key support holding above 15538 good for longs EOD.

Update on Nifty Future

7416 holding all will be ok. EOD basis. Strength above 7439. Holding above 7439 even better EOD.

Update on Nifty Future

7420-7440 range Support Zone and 7475-7495 Resistance Zone.  Strength above 7495. Weak below 7476.

Nifty Spot Daily Chart EOD 22nd Jan, 2016

After completion of 2nd Corrective on Wednesday i.e. 20th Jan, 2016 at 7241.50 ending the g-leg of the bow-tie diametric Nifty has started moving up now.  Close above 7470.90 will confirm upside. 1st Target 7500-7600 ,  2nd target 7675-7725 and thereafter 0-X line.  Present strategy should be to buy on dips as long as Nifty continues to make HH/HL structure and maintain the positive bias.

Nifty and Banknifty Future Key Level(s) for 25th Jan, 2016

TRADE the Levels, Charts Can Adjust.
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Nifty Future (Bias -Positive) -  Key Number for the day 7476

Trade This  [ - 7386-7412 - (Must touch) - 7449-7476 (Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 7459. 7314 is Day Shocker.  Day SAR is at 7536.  7416(Sustaining Below)/ EOD close Below is First S/L for Longs.
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Banknifty Future (Bias -Positive) - Key Number for the day 15590

Trade This  [ - 15396-15419 - (Must touch) - 15568-15590 (Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 15589. 15164 is Day Shocker.  Day SAR is at 15715. 15352(Sustaining Below)/ EOD close Below is First S/L for Longs.
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Update on Nifty Future

7417 crucial.

Update on Nifty Future

Sell sustaining below 7393 only for 7355-7365 zone. 
Otherwise sell 8420-8430 range for 7380 with S/l above 7436.

Update on Nifty Spot

Nifty spot has broken out of falling wedge and hence if  the breakout is true 7600 may be seen in 5 days from today.

Update on Nifty Future

7372-7382 Strong Resistance Zone.   Signs of bottoming out emerging in Nifty.  Stronger resistance upto 7393. 7393 plus sustaining will bring more.

Nifty and Banknifty Future Key Level(s) for 22nd Jan, 2016

TRADE the Levels, Charts Can Adjust.
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Nifty Future (Bias -Negative) -  Key Number for the day 7332

Weak Below / Strong Above 7354. 
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Banknifty Future (Bias -Negative) - Key Number for the day 15257+

Weak Below / Strong Above 15304. 

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Update on Nifty

Bearish close with weakness.

Update on Nifty Spot

7240-7260 Nifty Spot is showing strong support till now. 

Update on Nifty Future

More Bullish Above 7340. Trapped the bears. Weak below 7311.

Update on Nifty Future

Real strength above 7311.       7331-7335 Resistance.  

Update on Nifty Future

More weakness for the day below 7244 only.  Strength above 7278.

Update on Nifty Spot

A Falling wedge in Nifty looks little bearish for further lows from here. If 7278 (Nifty Future) doesn't hold today fall may get uglier. 7309 Plus (nifty Future) Bulls will be back.

Update on Nifty Future

Watch 7278 from here.

Update on Nifty Future

Below 7304 Nifty Futures First target / Support will be 7261-7278 range.

Below 7261 Fall will accelerate to 7241 /  7226 / 7202 - 7199 / 7181.

Update on Nifty Future

7304-7311 Good support and Buy sustaining above 7331 with day low as s/l.

Update on Nifty Future

Now watch 7352 level for intraday.

Update on Nifty Future

Downside supports tested by Nifty Future as it was weakened below 7369. Now watch if the support holds.

Update on Nifty Future

Weakness below 7369 target1 7335-7341-7352 support zone and below that more weakness.
Holding above 7369 first stiff resistance around 7407-7420 range.

Nifty and Banknifty Future Key Level(s) for 21st Jan, 2016

TRADE the Levels, Charts Can Adjust.
For Nifty +/- 5/6 Points and for Banknifty +/-10-12 Points, is allowed deviation

Nifty Future (Bias -Negative) -  Key Number for the day 7352

Trade This  [ - 7262-7289 - (Must touch) - 7325-7352(Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 7341. 7364 is Day Shocker.  Day SAR is at 7614.  7452(Sustaining Above)/ EOD close Above is First S/L for Shorts.
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Banknifty Future (Bias -Negative) - Key Number for the day 15029+

Trade This  [ - 14812-14835 - (Must touch) - 14984-15006(Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 14980. 14682 is Day Shocker.  Day SAR is at 15937. 15371(Sustaining Above)/ EOD close Above is First S/L for Shorts.
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Update on Nifty Spot

Below 7240-7260 fall may accelerate to 6900-7100 Levels unless recovered. 

Update on Nifty Spot

Nifty Spot may find short term bottom near 7240-7260 which is really exceptional support zone.

Heavy call writing at 7300/7400 levels. We don't wish to catch the bottom unless it happens.

Update on Nifty Future

7265-7280-7295 Zone (Support) may be targeted today by EOD.  Unless prices survives above 7323.

However all rallies towards 7344 must br sold till nifty future finds strength above 7350.

Update on Nifty

Again trend followers who shorted yesterday's rally have been rewarded well.

Nifty and Banknifty Future Key Level(s) for 20th Jan, 2016

TRADE the Levels, Charts Can Adjust.
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Nifty Future (Bias -Negative) -  Key Number for the day 7393

Weak Below / Strong Above 7364. 
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Banknifty Future (Bias -Negative) - Key Number for the day 15176

Weak Below / Strong Above 15029.
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Update on Nifty Future

7458 plus Nifty Future will be stronger.

Update on Nifty and Banknifty Future

Intraday watch 7409 only for Nifty Future and 15300 for Banknifty Future.

Nifty and Banknifty Future Key Level(s) for 19th Jan, 2016

TRADE the Levels, Charts Can Adjust.
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Nifty Future (Bias -Negative) -  Key Number for the day 7409

Trade This  [ - 7327-7354 - (Must touch) - 7391-7417(Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 7378. 7409 is Day Shocker.  Day SAR is at 7674.  7520(Sustaining Above)/ EOD close Above is First S/L for Shorts.

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Banknifty Future (Bias -Negative) - Key Number for the day 15068

Trade This  [ - 14954-14976 - (Must touch) - 15125-15148(Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 15007. 15007 is Day Shocker.  Day SAR is at 16065. 15608(Sustaining Above)/ EOD close Above is First S/L for Shorts.
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Update on Nifty Spot

7330-7340 Big Support for Nifty Spot. Below that more trouble.  Nifty Achieved important structural target.

Update on Nifty Future

7417 Level crucial for the entire week for Nifty Future. Maintain your position accordingly.

Update on Nifty

Nifty near bottoming out zone. Start accumulating.

Update on Nifty Future

Buy Holding Above 7448.25 Target1 - 7465.00  Target2 7493.10 Target3 -  7499.10  Target4 - 7521.25 S/L 7418.05

Else Short all rallies.

Update on Nifty Future

Weakness below 7444.25.

Update on Nifty Future

Buy Holding Above 7448.25 Target1 - 7465.00  Target2 7493.10 Target3 -  7499.10  Target4 - 7521.25 S/L 7418.05

Else Short all rallies.

Update on Nifty and Banknifty Future

Weakness continues below 7428 for Nifty Future Target 7393/ 7382 / 7371.
Weakness continues below 15130 for Banknifty Future Target 14974 / 14898.

Update

Pre-Market Range Traded for Nifty Future.

Update on Nifty Future

More weakness  below 7401.

Update on Banknifty Future

Holding 15231 Banknifty Future will move up.

Update opn Nifty Future

Strength above 7465.

Update on Nifty Future

Holding 7425 Nifty Future will Move up.

Nifty and Banknifty Future Key Level(s) for 18th Jan, 2016

TRADE the Levels, Charts Can Adjust.
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Nifty Future (Bias -Negative) -  Key Number for the day 7362

Trade This  [ - 7401-7428 - (Must touch) - 7465-7491(Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 7382. 7463 is Day Shocker.  Day SAR is at 7711.  7570(Sustaining Above)/ EOD close Above is First S/L for Shorts.
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Banknifty Future (Bias -Negative) - Key Number for the day 14946

Trade This  [ - 15107-15130 - (Must touch) - 15279-15301(Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 15007. 15231 is Day Shocker.  Day SAR is at 16153. 15794(Sustaining Above)/ EOD close Above is First S/L for Shorts.
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Update on Nifty and Banknifty Future

Both the day Shocker levels provided good support i.e. 7500 for Nifty Future and 15522 for Banknifty Future.  

Long above 7543 for Nifty Future and 15616 for Banknifty Future. Otherwise short the rallies.

Update on Banknifty Future

Below 15500 Banknifty Future will weaken further.

Update on Nifty Future

Bullish Above 7543.

Update on Nifty Future

Pre-market Range traded. Below 7490 fall may get aggravated. 

Nifty and Banknifty Future Key Level(s) for 14th Jan, 2016

TRADE the Levels, Charts Can Adjust.
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Nifty Future (Bias -Negative) -  Key Number for the day 7573

Trade This  [ - 7496-7522 - (Must touch) - 7559-7586(Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 7553. 7500 is Day Shocker.  Day SAR is at 7711.  7611(Sustaining Above)/ EOD close Above is First S/L for Shorts.
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Banknifty Future (Bias -Negative) - Key Number for the day 15685

Trade This  [ - 15492-15514 - (Must touch) - 15663-15685(Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 16616. 15522 is Day Shocker.  Day SAR is at 16300. 15991(Sustaining Above)/ EOD close Above is First S/L for Shorts.
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Update on Nifty Future

7492-7507 Strong support zone.

Update on Nifty Future

Nifty Future is in Buy Zone 7535-7545.

Update on Nifty Future

Sustaining 7577 plus more strength in Nifty. Can target 7620-7630 zone. Below 7577 target may be 7540-7550 zone.

Update on Nifty Future

7500-7520 range is a low risk Nifty Future Buy Zone.

Update on Nifty Future

Book Profit NF CMP 7549.

Update on Nifty Future

7558-7573 Stiff Resistance Zone for Nifty Future and above 7577 Nifty may reach 7620-7630 Zone.  Strict S/L now 7507.

Update on Nifty Future

Update S/L to 7507 (Sustaining below) level for Nifty Future.

Update on Nifty and Banknifty Future

Go long sustaining above 7492 for Nifty Future and 15611(revised) for Banknifty Future.

Nifty and Banknifty Future Key Level(s) for 14th Jan, 2016

TRADE the Levels, Charts Can Adjust.
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Nifty Future (Bias -Negative) -  Key Number for the day 7440

Weak Below / Strong Above 7463. 
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Banknifty Future (Bias -Negative) - Key Number for the day 15501

Weak Below / Strong Above 16624. 

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Update on Nifty

Trend assertion at it's best!

Nifty and Banknifty Future Key Level(s) for 13th Jan, 2016

TRADE the Levels, Charts Can Adjust.
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Nifty Future (Bias -Negative) -  Key Number for the day 7580

Weak Below / Strong Above 7573. 
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Banknifty Future (Bias -Negative) - Key Number for the day 16045

Weak Below / Strong Above 15965. 
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Nifty and Banknifty Future Key Level(s) for 12th Jan, 2016

TRADE the Levels, Charts Can Adjust.
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Nifty Future (Bias -Negative) -  Key Number for the day 7596

Trade This  [ - 7539-7566 - (Must touch) - 7602-7629(Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 7573. 7475 is Day Shocker.  Day SAR is at 7750.  7695(Sustaining Above)/ EOD close Above is First S/L for Shorts.
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Banknifty Future (Bias -Negative) - Key Number for the day 16118

Trade This  [ - 15939-15961 - (Must touch) - 16110-16133(Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 16003. 15806 is Day Shocker.  Day SAR is at 16493. 16348(Sustaining Above)/ EOD close Above is First S/L for Shorts.
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Update on Nifty Future for the Week

7573 is key for Nifty Future for the week.
Surviving above Target  7602/7664
Sustaining below Target 7408 /7347.

It pays to be with the trend

Positional Traders set to gain once again!!

Nifty and Banknifty Future Key Level(s) for 11th Jan, 2016

TRADE the Levels, Charts Can Adjust.
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Nifty Future (Bias -Negative) -  Key Number for the day 7560

Weak Below / Strong Above 7579. 
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Banknifty Future (Bias -Negative) - Key Number for the day 16003

Weak Below / Strong Above 16050. 

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Nifty and Banknifty Future Key Level(s) for 8th Jan, 2016

TRADE the Levels, Charts Can Adjust.
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Nifty Future (Bias -Negative) -  Key Number for the day 7570

Trade This  [ - 7537-7564 - (Must touch) - 7600-7627(Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 7579. 7579 is Day Shocker.  Day SAR is at 7862.  7774(Sustaining Above)/ EOD close Above is First S/L for Shorts.
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Banknifty Future (Bias -Negative) - Key Number for the day 16002

Trade This  [ - 16002-16025 - (Must touch) - 16174-16196(Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 16043. 16043 is Day Shocker.  Day SAR is at 16601. 16551(Sustaining Above)/ EOD close Above is First S/L for Shorts.
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Update on Nifty Spot

Below 7591  further weakness.

Update on Nifty Spot

Nifty at buying level for some rally.  Nifty Spot strong above 7641.

Hard Facts

Momentum and holding trades in the direction of trend pays. Though Nifty is quite oversold it still is likely to reward directional traders at open.

Nifty and Banknifty Future Key Level(s) for 7th Jan, 2016

TRADE the Levels, Charts Can Adjust.
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Nifty Future (Bias -Negative) -  Key Number for the day 7706

Weak Below / Strong Above 7678. 
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Banknifty Future (Bias -Negative) - Key Number for the day 16294

Weak Below / Strong Above 16257. 

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Update on Nifty

Nifty OS and positive divergence in Hourly. Careful with Shorts.

Update on Nifty Future

Strength Above 7803.

Nifty and Banknifty Future Key Level(s) for 6th Jan, 2016

TRADE the Levels, Charts Can Adjust.
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Nifty Future (Bias -Negative) -  Key Number for the day 7827

Trade This  [ - 7758-7785 - (Must touch) - 7821-7848(Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 7814. 7851 is Day Shocker.  Day SAR is at 7862.  7867(Sustaining Above)/ EOD close Above is First S/L for Shorts.
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Banknifty Future (Bias -Negative) - Key Number for the day 16694

Trade This  [ - 16483-16505 - (Must touch) - 16654-16677(Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 16663. 16694 is Day Shocker.  Day SAR is at 16765. 16785(Sustaining Above)/ EOD close Above is First S/L for Shorts.
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Update on Nifty Future

Nifty Future has touched both must touch zones.

Update on Nifty Spot

7788 Nifty Spot is the Biggest Support for the Month and that will determine Nifty Movement for Jan, 2016.

Nifty and Banknifty Future Key Level(s) for 5th Jan, 2016

TRADE the Levels, Charts Can Adjust.
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Nifty Future (Bias -Negative) -  Key Number for the day 7856

Trade This  [ - 7765-7792 - (Must touch) - 7828-7855(Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 7833. 7905 is Day Shocker.  Day SAR is at 7815.  7889(Sustaining Above)/ EOD close Above is First S/L for Shorts.
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Banknifty Future (Bias -Negative) - Key Number for the day 16726

Trade This  [ - 16533-16555 - (Must touch) - 17704-16726(Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 16678. 16862 is Day Shocker.  Day SAR is at 16678. 16853(Sustaining Above)/ EOD close Above is First S/L for Shorts.
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Nifty and Banknifty Future Key Level(s) for 4th Jan, 2016

TRADE the Levels, Charts Can Adjust.
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Nifty Future (Bias -Positive) -  Key Number for the day 7915

Trade This  [ - 7937-7964 - (Must touch) - 8000-8027(Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 7937. 7987 is Day Shocker.  Day SAR is at 7787.  7915(Sustaining below)/ EOD close Below is First S/L for Longs.
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Banknifty Future (Bias -Positive) - Key Number for the day 16928

Trade This  [ - 17000-17022 - (Must touch) - 17171-17194(Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 16965. 17046 is Day Shocker.  Day SAR is at 16678. 16928(Sustaining below)/ EOD close Below is First S/L for Longs.
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