Thursday, February 18, 2016

Update

Nifty is moving very swiftly. Quick decision making needed at appropriate levels to succeed.

Update on Nifty Spot

7120 Nifty Spot is weekly Pivot and support.

Update on Nifty Future

All targets done for the downside, now strength above 7166.

Update on Nifty Spot

Nifty Spot needs to close above 7213 for 2/3 days to get upward momentum.

Update on Nifty Future

Now weakness below 7166 only target 7135-7145.

Update on Nifty Future

Quickly sold off to expected support zone of 7150-7160.

Update on Nifty Future

7194 plus shorts risky and may be done only at higher levels near 7235-7250 levels with small S/L.

Update on Nifty Future

7150-7160 is key support to hold for Nifty Future for the day ( Upto EOD).

Update on Banknifty Future

Banknifty Intraday level revised to 14350 as Buy above / Sell below level.

Update on Nifty Future

7207 will be the Key. Nifty has getting overbought in Hourly Charts.  More weakness below 7194.

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

TRADE the Levels, Charts Can Adjust.
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Nifty Future (Bias -Negative) -  Key Number for the day 7207

Weak Below / Strong Above 7183. 

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Banknifty Future (Bias -Positive) - Key Number for the day 14534

Weak Below / Strong Above 14454. 

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