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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