Update

NF high 6237.80.
Now if crosses and stays above for 10 minutes then towards 6265.Let's see.

Update

NF previous close and low same.Above R2 so looks towards 6210 R3

NF crossed 6210. Now as said in pre market view NS is towards 6178

Nifty....S...6070/6030....R......6114/6135

Nifty, though bounced and gap up , couldn't make new high (6122), and as expiry day it was volatile session. Today being weekly close, must watch some levels which are based on weekly time frame. According to this one may watch 6075 and on lwer side and 6178 on upper side.If close below 6074 weekly momentum with negative bias will continue and if close above 6178 then weekly will turn positive. See whether it close above 6105 today which is 80 % of last fall. Still there are mixed cues on different time frame. Monthly positive, Weekly negative and Daily posiirive.

Nifty....S....6054/6035....R...6077/6098.

Nifty taken support @ 6045 as said yesterday and bounced in last hour.But there was selling in last few minutes too.6077 is the area where multiple resistances are seen.Yesterday at same level seling took place, today 6077 is R1, and 6069 is CAM L3 level.Crossing this level will force BEARS to cover short position fast and it may take nifty above 6100 on INTRADAY basis. 6081 is TP. Today iof close above 6103 then rally will continue.

Nifty ..R....6073/6099...S...6035/6008

Nifty...S...6092.6060...R...6140/615

Nifty protected 5972 level and bounced. This rally(6973 to 6124) has completed 61.8 % of last fall (6212 to 5973).Daily trend turned up, but weekly trend is down.At the same time TP hits. Mixed cues are there. Keep watch on PIVOT and CAM level.

Nifty ..S..5972/5946.....R...6006/6035

Nifty closed below 6000 level didn't break 5972.If that is protected then correction seems over in price point of view, but it will take time to initiate rally. So side ways movement for some days expected. If 5972 breaks then 5946 is major point to be considered.I f that too breaks then Nifty heading towards 5862/5828 or even lower.Today if close is above 6000 then there will be at least pause for downtrend

Nifty...S....5972/5946...R....6030/6060

Nifty closed below 6000 level didn't break 5972.If that is protected then correction seems over in price point of view, but it will take time to initiate rally. So side ways movement for some days expected. If 5972 breaks then 5946 is major point to be considered.I f that too breaks then Nifty heading towards 5962/5928 or even lower.Today -as it is weekly close- if close is above 6000 then there will be at least pause for downtrend.

Nifty....S...6090/6065...R...6145/6180

Nifty didn't stretch up to 6269 and reversed from 61% ratio of last fall(6343 to 5972). Yesterday was fantastic example of PIVOT based trading as far as INTRADAY is concern, and for POSITIONAL traders FIBONICA proved best one.Now 6100 is psychologically very important point. Will it break 5972 before expiry?? PE writers @ 6000 strike price will not let it go down below 6000 before expiry at least; if goes then 5946 is to be watched.

Nifty..S...6199/6185/6165...R...6213/6217/6231

Nifty touched 61.8 % of fall from 6343 to 5972 @ 6202 and closed little up of this level.Got resisted @ CAM l3 yesterday. But traded in very narrow range. Presently 6200 PE and 6300 CE shows larger SUPPORT and RESISTANCE levels. 80 of fall from 6343 to 5972 is @ 6269 which may prove strong resistance.Will it get stretched up to this level or ...let's see.

Nifty...S....6165/6140...R...6202/62206252

Daily trend turned positive.Now 6202 is importana as it is 61.8 % retracement of fall from 6343 to 5972.Today is third day of this rally and there 2 gap ups. If third gap up then there will be exhaustion and profit booking is expected.

Nifty...S..6028/6000..R...6093/6130/6158

Nifty bounced as expected.Now today must trade above 6065 to continue the rally.Today's close is important. If close above 6066 then there will be strength. Close above 6123 will turn it positive in short term.If TP 6137 hits then it will become strong. Lets see what happens around 6130 level. 6158 and 6202 are 50 and 61.8 % levels of the downmove from 6343 to 5701.

Nifty....S...5970/5961/5946....R.....6001/6030/6070

Nifty yesterday opened gap down but with some bullish momentum and maintained it till mid session. But later on weakness seen.There was new low but 5946 is not tested. Yesterday's close was with 7th red candle.Nifty is oversold bounce is expected.Today if closed above 6070 then there might be rally for another 1/2 days. At least PAUSE for downtrend is expected today.Let's see. Keep watch on OI of 6000 PE and 6100 CE.

Nifty...S..5992/5984/5946...R....6046/6071

Nifty breaks 6022 and closed in red on 6th day. Now 5946 is crucial.Looking at oversold situation bounce is expected. When?? Market knows.

Nifty..R..6096/6124...S....6059/6022

Yesterday in early session earlier low of NIFTY (6079) was protected but in last session it has broken and closed exact at same level. It rallied towards PIVOT (6149) but did not even touch PIVOT and selling pressure seen there.Now 6022 is important on downside. On upper side 6096 is to be watched.Remember it is negative on weekly basis now but at the same time OVERSOLD too.

Nifty....S...6123/6113/6079...R...6149/6158/6177

As said 80% retracement of last rise (6079 to 6343) breaks (6132).Weekly close is below WEEKLY 5 EMA (6143).Now 6079 is cricial.But we have to see now that the rally from 5701 to 6343 will get corrected. 50% and 61.8% of this earlier leg comes at 6022/5946. Global clues may effect for INTRA WEEK RALLY, that might be opportunity to take short again.

Nifty..S...6180/6150/6128/6111...R....6219/6247

Nifty stopped @ 61.8% of last rise (6079 to 6343)@ 6180.This is the crucial number.Below this 6132 is 80 % of last rise. If it breaks decisively then its a confirmation of reversal. Today being weekly close 6150 is more important which is S1 on DAILY as well as WEEKLY basis. At the same time 6158 is 5EMA on WEEKLY basis.Now its a down trend on daily basis. Today closing below 6158 will confirm down trend on larger time frame i.e. on WEEKLY basis.

Nifty ...R....6231/6254/6292...S......6192/6180/6170

Nifty cyrrently @ 50 % retracement of last rise (6079 to 6343).Of this rise 61.8% retracement @ 6180 is crucial support. 6132 is 80 % retracement of this last rise, which would confirm complete reversal in trend and correction will be for the rise of 5701 to 6343. Let's see. Currently if we seen, yesterday close (6215)is below DAY HIGH EMA and 5DEMA as well as DAY LOW EMA. In such a situation downtrend momentum gets strong but global market may change sentiments to some extent.

Monthly Trade Sheet Oct13

Trade Sheet

Nifty ...R...6267/6305...S....6230/6220/6207