Thursday, January 21, 2016
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
Below 7304 Nifty Futures First target / Support will be 7261-7278 range.
Below 7261 Fall will accelerate to 7241 / 7226 / 7202 - 7199 / 7181.
Below 7261 Fall will accelerate to 7241 / 7226 / 7202 - 7199 / 7181.
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.
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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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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