Nifty Spot Update - Revised EOD 4-10-2018

Weekly parallel channel almost done 10500 around huge support and buy and Nifty must recover 200 DMA quickly.  If 10500 breaks and sustains 10100 around will come.

10600/08 Staying below this level
10350
10244
10100 - 10111(It should break)
10062 - Should hold and a sharp up-move should start


10111 is the new target for Nifty staying below 10600
The extracting triangle completed at 10111 and then the up-move happened up to 11760.

Intraday 4-10-2018

Nifty Future (Bias - Negative) 



Weak Below / Strong Above 10778. 



Banknifty Future  (Bias - Negative) 



Weak Below / Strong Above 24937.  

Nifty Spot Update

150 DMA  -  10,835 
200 DMA  -   10,777 

Are strong supports 2/3 days consecutive close below only can weaken Nifty Spot else it is a buying level.

10677 as I was mentioning many times is a potential faster retracement target.