Nifty Spot face RESISTANCE at 8278 and its SUPPORT at 8164.
Yesterday was a holiday and Nifty close 8174 that shed 131 points on Wednesday. Today Nifty Future Jan'15 contract's 1st day.
Remember NIFTY HAS SUPPORT AROUND 7800 AND RESISTANCE AT 8500. I see a huge open interest development in these levels. The PUT:CALL ratio is also maximum for 7800 around 20.60, whereas it is minimum for 8500 around 0.11. This gives an idea that NIFTY may play between 7800 and 8500 in Jan'15 contract.
Yesterday was a holiday and Nifty close 8174 that shed 131 points on Wednesday. Today Nifty Future Jan'15 contract's 1st day.
Remember NIFTY HAS SUPPORT AROUND 7800 AND RESISTANCE AT 8500. I see a huge open interest development in these levels. The PUT:CALL ratio is also maximum for 7800 around 20.60, whereas it is minimum for 8500 around 0.11. This gives an idea that NIFTY may play between 7800 and 8500 in Jan'15 contract.
NF Jan'15 face RESISTANCE at 8349 and has support at 8269.
SHORT NF at 8313 STOP LOSS 8340 TARGET 8250.
LONG NF at 8331 STOP LOSS 8303 TARGET 8393
BNF Jan'15 face RESISTANCE at 18742 and has SUPPORT at 18244.
SHORT BNF at 18678 STOP LOSS 18742 TARGET 18524, 18370, 18244.
LONG BNF at 18743 STOP LOSS 18647 TARGET 18957.
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