Update on Nifty Spot

Index is getting quite Overbought. It may get difficult to trade and 9660 is a crucial number to cross for Nifty Spot.

Nifty and Banknifty Future Key Level(s) for 31st May, 2017

TRADE the Levels, Charts Can Adjust!
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Nifty Future (Bias - Positive) 

Trade This  [ 9575-9602 - (Must touch) -   9638-9665 (Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 9639 .  

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Banknifty Future (Bias - Positive) 

Trade This  [ - 23155-23177 - (Must touch) -  23326-23348 (Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 23326.  

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Update

NF Weak below 9411
BNF weak below 22688.

Nifty and Banknifty Future Key Level(s) for 25th May, 2017

TRADE the Levels, Charts Can Adjust!
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Nifty Future (Bias - Negative) 

Trade This  [ 9320-9347 - (Must touch) - 9383-9410 (Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 9397 .  

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Banknifty Future (Bias - Negative) 

Trade This  [ - 22436-22459 - (Must touch) -  22608-22630 (Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 22611.  

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Nifty Spot EOD 24th May, 2017 - Alternate Count

Count valid is 9272 not retraced!

Nifty Spot EOD 24th May, 2017

Chart is Self-explanatory!

If Nifty can save the retracement upto 9269-9272 in next 3 days the retracement may change to d-leg and the 2nd corrective converts to a diametric!

Update on Nifty Spot

Nifty Foxing enough and another for 3/4 days  it can  protect close below 9269-9272 another upmove can start as unfinished c leg. If we get the retracement below 9269-9272 then current move will be b-leg of the second corrective as posted on EOD 18th Mar, 2017.

Nifty and Banknifty Future Key Level(s) for 24th May, 2017

TRADE the Levels, Charts Can Adjust!
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Nifty Future (Bias - Negative) 

Trade This  [ 9345-9372 - (Must touch) - 9409-9435 (Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 9425 .  

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Banknifty Future (Bias - Negative) 

Trade This  [ - 22478-22500 - (Must touch) -  22649-22672 (Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 22622.  

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Nifty Spot Hourly Chart EOD 23rd May 2017

Bearish Head and Shoulder in Nifty Spot Hourly Chart.  Staying below 9372 will take it to 9230. 

Nifty and Banknifty Future Key Level(s) for 23rd May, 2017

TRADE the Levels, Charts Can Adjust!
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Nifty Future (Bias - Negative) 

Trade This  [ 9399-9425 - (Must touch) - 9462-9489 (Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 9469 .  

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Banknifty Future (Bias - Negative) 

Trade This  [ - 22581-22603 - (Must touch) -  22752-22774 (Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 22739.  

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Update on Nifty Future

If Nifty Future can't hold 9426 then 9372 is the first Target of Nifty Future.

If Bank Nifty Future can't hold 22641 then 22416 is the first Target of Bank Nifty Future.

Nifty and Banknifty Future Key Level(s) for 22nd May, 2017

TRADE the Levels, Charts Can Adjust!
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Nifty Future (Bias - Negative) 

Trade This  [ 9401-9428 - (Must touch) - 9464-9491 (Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]


Weak Below / Strong Above 9478 .  

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Banknifty Future (Bias - Negative)

Trade This  [ - 22701-22724 - (Must touch) -  22873-22895 (Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]


Weak Below / Strong Above 22892.  

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Update

As of now it seems sidewise market before resumption of uptrend .  Not much correction happening. Charts will change.

Update

Intraday Oversold for the indexes. Trendline yet to break. Exit shorts atleast.

Update on Banknifty Spot

Banknifty Spot on Hourly Support and if breaks likely to Target 22100-22200.

Update on Nifty

SBI Results might dominate today.  The Nifty Breakdown yesterday hasn't happened in Sensex yet.  So we have to keep our fingers crossed and wait to see what happens in next 1-2 days in Sensex!

Nifty and Banknifty Future Key Level(s) for 19th May, 2017

TRADE the Levels, Charts Can Adjust!

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Nifty Future (Bias - Negative) 

Trade This  [ 9396-9422 - (Must touch) - 9459-9486 (Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 9552 .  

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Banknifty Future (Bias - Negative) 

Trade This  [ - 22611-22634 - (Must touch) -  22783-22805 (Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 22789.  

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Nifty Future Volume Profile for the day

Points Mentioned in Chart.  Nifty Future looks oversold in short term and today might be a ranged day!

Nifty Spot Daily EOD 18th May, 2017

Nifty and Banknifty Overbought

The Indexes are at overbought levels and hence trade should be done on a day to basis.

Nifty and Banknifty Future Key Level(s) for 17th May, 2017

TRADE the Levels, Charts Can Adjust!
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Nifty Future (Bias - Positive) 

Trade This  [ 9477-9504 - (Must touch) - 9540-9567 (Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 9519 .  

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Banknifty Future (Bias - Negative) 

Trade This  [ - 22844-22867 - (Must touch) -  23016-23038 (Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 22953.  

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Update On Nifty and Banknifty Future

9465 for Nifty Future
22826 for Banknifty Future

Crucial intraday.

Nifty and Banknifty Future Key Level(s) for 16th May, 2017

TRADE the Levels, Charts Can Adjust!
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Nifty Future (Bias - Positive) 

Trade This  [ 9408-9435 - (Must touch) - 9472-9498 (Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 9489.  

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Banknifty Future (Bias - Negative) 

Trade This  [ - 22730-22753 - (Must touch) -  22902-22924 (Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 22934. 

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Nifty and Banknifty Future Key Level(s) for 15th May, 2017

TRADE the Levels, Charts Can Adjust!
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Nifty Future (Bias - Negative) 

Trade This  [ 9370-9397 - (Must touch) - 9433-9460 (Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 9447.  

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Banknifty Future (Bias - Negative) 

Trade This  [ - 22572-22595 - (Must touch) -  22744-22766 (Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 22744.

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Update on Nifty and Banknifty

Nifty and Banknifty now approaching oversold levels!   Shorts shouldn't be carried EOD!  Rather one can attempt some conservative longs at these levels!

Update on Nifty and Banknifty

Both Nifty and Banknifty Currently in bearish setup. 

A negative wolf wave in Banknifty targeting 27400-500 and Nifty has perhaps completed the a-leg up of the second corrective and is targeting 9320 around for b-leg.


If Nifty Spot Holds above 9411 then the bearishness might go and for Banknifty Spot Today , Monday and this month 22704 is crucial.

Nifty and Banknifty Future Key Level(s) for 12th May, 2017

TRADE the Levels, Charts Can Adjust!
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Nifty Future (Bias - Positive) 

Trade This  [ 9395-9422 - (Must touch) - 9458-9485 (Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 9438.  

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Banknifty Future (Bias - Positive) 

Trade This  [ - 22745-22768 - (Must touch) -  22917-22939 (Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 22865. 

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Nifty and Banknifty Future Key Level(s) for 11th May, 2017

TRADE the Levels, Charts Can Adjust!
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Nifty Future (Bias - Positive) 

Trade This  [ 9374-9401 - (Must touch) - 9437-9464 (Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 9441.  9369 is Day Shocker.  Day SAR is at 9237.  9355 (Sustaining Below / EOD close Below is the First S/L for Longs).

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Banknifty Future (Bias - Positive) 

Trade This  [ - 22764-22786 - (Must touch) -  22935-22958 (Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 22920. 22942 is Day Shocker.  Day SAR is at 22130. 22644 (Sustaining Below / EOD close Below is the First S/L for Longs).
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Nifty Spot as on EOD 11th May, 2016

Nifty and Banknifty Future Key Level(s) for 10th May, 2017

TRADE the Levels, Charts Can Adjust!
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Nifty Future (Bias - Negative) 

Trade This  [ 9305-9332 - (Must touch) - 9369-9395 (Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 9375.  

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Banknifty Future (Bias - Positive) 

Trade This  [ - 22666-22688 - (Must touch) -  22837-22860 (Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 22802.

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Nifty and Banknifty Future Key Level(s) for 9th May, 2017

TRADE the Levels, Charts Can Adjust!
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Nifty Future (Bias - Negative) 

Trade This  [ 9299-9325 - (Must touch) - 9362-9389 (Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 9346.  

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Banknifty Future (Bias - Positive) 

Trade This  [ - 22688-2711 - (Must touch) -  22860-22882 (Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 22839. 

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Nifty and Banknifty Future Key Level(s) for 8th May, 2017

TRADE the Levels, Charts Can Adjust!
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Nifty Future (Bias - Negative) 

Trade This  [ 9272-9298 - (Must touch) - 9335-9362 (Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 9347.  

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Banknifty Future (Bias - Positive) 

Trade This  [ - 22555-22578 - (Must touch) -  22727-22749 (Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 22720. 

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Nifty and Banknifty Future Key Level(s) for 5th May, 2017

TRADE the Levels, Charts Can Adjust!
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Nifty Future (Bias - Positive) 

Trade This  [ 9322-9359 - (Must touch) - 9395-9422 (Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 9379.  

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Banknifty Future (Bias - Positive) 

Trade This  [ - 22633-22656 - (Must touch) -  22805-22827 (Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 22736. 

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Nifty and Banknifty Future Key Level(s) for 3rd May, 2017

TRADE the Levels, Charts Can Adjust!
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Nifty Future (Bias - Negative) 

Trade This  [ 9294-9321 - (Must touch) - 9358-9384 (Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 9362.  

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Banknifty Future (Bias - Positive) 

Trade This  [ - 22297-22320 - (Must touch) -  22469-22491 (Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 22449.

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Nifty and Banknifty Future Key Level(s) for 2nd May, 2017

TRADE the Levels, Charts Can Adjust!
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Nifty Future (Bias - Positive) 

Trade This  [ 9289-9315 - (Must touch) - 9352-9379 (Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 9376.  

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Banknifty Future (Bias - Positive) 

Trade This  [ - 22270-22292 - (Must touch) -  22441-22463 (Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 22470. 

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