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.