Nifty Fut (NF) will now have to give consecutive close above 8465 zone for TGT of 8650 in the short term.
On the downside, 8345-8318 will act as support zone for the time being, if break below 8400 zone.
Given the sentiment of our market, Buy on dips may be the core theme on the back of Modinomics , hope for various reforms in the coming winter parliament session along with substantial rate cut hope by RBI in near future (May be by March'2015) and better macroeconomic data.
Trading Levels: Nifty Fut( NSE- NOV)
| Gap Up/Dw | (Indicative) | |||||
| SGX NIFTY | 8443 | -9 | ||||
| NF-NOV | LTP | 8452 | ||||
| SL >/< 5 POINTS | FROM SLR | |||||
| Intraday Swing | Trader | |||||
| T1 | T2 | T3 | SLR | |||
| Strong > | 8435 | 8465-8488 | 8512-8540* | 8556-8582 | <8415 | |
| Weak < | 8415 | 8394-8362 | 8345-8318* | 8290-8276 | >8435 | |
| FOR | Conservative | Positional | Trader | |||
| T1 | T2 | T3 | SLR | |||
| Strong > | 8435 | 8488 | 8540* | 8582-8650 | <8415 | |
| Weak < | 8415 | 8362 | 8318* | 8276-8229 | >8435 | |
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