Update on Banknifty Spot

22495-22870 range this leg (c-leg) of fall should stop. Which has perhaps started else we will correct the chart.  23940 must give way and 23644 is significant retracement / Support level.

Nifty Spot Chart at 3.10 PM 29th June, 2017

9346-9434 range this leg (c-leg) of fall should stop. Which has perhaps started else we will correct the chart. 9467 must give way and 9392 being significant retracement levels.

Update on Nifty Spot

Prima facie it looks we are in for a range trading between  9400-9700 broad range for sometime with some +/- 0.5% error factor. Charts will fall in line. Unless we break below 9400 convincingly I am not considering anything else.  Watch for 9519 for the weekly closing of Nifty Future!

Update on Nifty and Banknifty Future

Below 9581  NF weak and below 23388 BNF weak.

Update on Nifty and Banknifty Future

Below 9556  NF weak and below 23388 BNF weak.

Update on Nifty Spot

GST rollout on 1st July, 2017 hence Nifty and Banknifty may continue to rally today / tomorrow. Bias will turn positive for Nifty if it closes above 9522.5.  9600-9650 stiff resistance for Nifty  Spot.  Trade the Levels strictly - Given in the morning!

Update on Nifty and Banknifty

This correction could be the second x or a larger correction and should take some more time. Hence the rallies from oversold position can be used to exit longs or enter shorts.  

Nifty and Banknifty Future Key Level(s) for 29th Jun, 2017

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

Trade This  [ 9451-9477 - (Must touch) -  9514-9541 (Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 9535 .  

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Banknifty Future (Bias - Negative) 

Trade This  [ - 23143-23166 - (Must touch) -  23315-23337 (Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 23315.  

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