Technical Outlook Of Nifty Fut(NSE-JAN):1-5 days

Nifty Fut (NF-Jan) has strong support level around 8260 zone ans sustaining below that, it could drift to 8153-8075 area.

On the upside, NF has to close above 8310 & 8366 zone to regain its momentum towards life time high again.

A sudden unwind of positions by a FII hedge fund (??) in the last hour of trading on the expiry day caused the index in some turmoil, though there was some positive news like Coal & Insurance bill ordinance. We could expect some belated Santa rally/year end rally in our market as well as global market (S&P poised to break 2100 zone shortly---).

Trading Levels: Nifty Fut (NSE-Jan)

		Gap Up/Dw	(Indicative)
SGX NIFTY	8284	7
				NF-JAN	LTP	8277
	SL (+/-) 10 POINTS	FROM SLR
	Intraday Swing	Trader
			T1	T2	T3	SLR
Strong >	8260		8280-8310	8345-8375*	8390-8419	<8240
Weak <	8240		8216-8196	8170-8147*	8121-8096	>8260
FOR	Conservative	Positional	Trader
			T1	T2	T3	SLR
Strong >	8260		8310	8375*	8419-8455	<8240
Weak <	8240		8196	8147*	8096-8075	>8260

Technical Outlook Of Nifty Fut(NSE-I):1-5 days

Nifty Fut(NF) now has to give consecutive close above 8315 and then 8450 for life time high again around 8665 zone. If there is successful passing of Insurance & Coal bills (by ordinance route on 05/01/2015 ??, if present Parliament logjams fails to clear it), then NF could touch around 8800 zone by the first 10 trading sessions of Jan or so.

On the flip side, consecutive closing below 8315, may again invite 8200 & 8100 zone.

Keep an eye for today's Jharkhand and J&K poll results, which may prove to be a little game changer or change of sentiment in favour of Modinomics. It could also be an early trend for an end of regional politics in India.


Trading Levels: Nifty Fut-I

		Gap Up/Dw	(Indicative)
SGX NIFTY	8350	9
				NF-DEC	LTP	8341
	SL (+/-) 10 POINTS	FROM SLR
	Intraday Swing	Trader
			T1	T2	T3	SLR
Strong >	8335		8360-8375	8395-8421*	8450-8502	<8315
Weak <	8315		8284-8264	8240-8208*	8195-8143	>8335
FOR	Conservative	Positional	Trader
			T1	T2	T3	SLR
Strong >	8335		8395	8450*	8502-8665	<8315
Weak <	8315		8264	8208*	8143-8100	>8335

Technical Outlook Of Nifty Fut (NSE-DEC):1-5 days (Update)

Nifty Fut (NF) should offer strong support around 8100 zone (being the 50% retracement level) & below that 8054 may help also. Consecutive closing below 8054 zone may bring it to 7940 & 7751 area (low probability).

On the upside, it has to trade above 8148 area for the day today and has to close above 8208 zone for any meaningful reversal.

On the Global front, after yesterday's epic and some how forced Short Squeeze of Rouble following Kerry (US) chatter about lending a helping hand to Russia to avert global market meltdown, Dow Fut has made remarkable recovery & our SGX Nifty also recovered from 8036 area to now around 8100 zone.

On the domestic front, Govt. has to ensure smooth passage of key reform bills in the Parliament, keeping aside unnecessary controversy/comments from some of its MP(s).

If today's Fed Minutes don't slap any negative surprise, then we can expect for some global Santa Rally.


Trading Levels: Nifty Fut(NSE-DEC):

		Gap Up/Dw	(Indicative)
SGX NIFTY	8104	-14
				NF-DEC	LTP	8118
	SL (+/-) 10 POINTS	FROM SLR
	Intraday Swing	Trader
			T1	T2	T3	SLR
Strong >	8100		8137-8148	8179-8208*	8231-8272	<8080
Weak <	8080		8054-8021	8000-7945*	7925-7900	>8100
FOR	Conservative	Positional	Trader
			T1	T2	T3	SLR
Strong >	8100		8148	8208*	8272-8315	<8080
Weak <	8080		8021	7945*	7900-7751	>8100

Technical Outlook Of Nifty Fut(NSE-DEC):1-5 Days

 As par SGX Nifty, our market could open around 8227 level of Nifty Fut (NF).

Immediate positional support for NF is now 8224-8208 zone & sustaining below that, may further fall to 8048-7946 zone.

On the upside, sustaining above 8248 & 8294 zone, NF may face resistance around 8315-8395 area.

Overall, we have completed around 5% correction of intermediate top of around 8665 few days ago.

Given the abnormal shrinkage in IIP no & comfortable CPI released on last Friday evening, rate cut pressure on RBI may be mounting more & we may see some action (Short Covering ?) in our market.

Trading Levels: Nifty Fut (NSE-DEC)

		Gap Up/Dw	(Indicative)
SGX NIFTY	8229	-47
				NF-DEC	LTP	8276
	SL (+/-) 10 POINTS	FROM SLR
	Intraday Swing	Trader
			T1	T2	T3	SLR
Strong >	8200		8224-8248	8272-8294*	8316-8350	<8180
Weak <	8180		8160-8145	8097-8078*	8048-8033	>8200
FOR	Conservative	Positional	Trader
			T1	T2	T3	SLR
Strong >	8200		8248	8294*	8350-8392	<8180
Weak <	8180		8145	8078*	8033-7946	>8200

Technical Outlook Of Nifty Fut(NSE-DEC):1-5 days

Nifty Fut (NF) suffered some retracements yesterday and possibly today at opening of our market along with global markets on the back of some disappointing China export/import data (being the global factory) and Japan data (Abenomics is not working ?). This coupled with Parliament dysfunction issue for the last few days also affected sentiment of our market. But Parliament may start to function normal and pass the important reform bills from today/tomorrow.

Near term support of NF now around 8420-8399 zone, sustaining below that, we could see 8315 & 8208 area .

On the upside, 8520-8550 area should offer some resistance as of now and above that NF may reach 8590-8675 zone again in the next few days.

Overall, its still a BUY ON DIPS market, but one can expect some cyclical corrections of around 5% from the intermediate top, which is healthy for a BULL MARKET like ours.

Trading Levels: Nifty Fut (NSE-DEC)

		Gap Up/Dw	(Indicative)
SGX NIFTY	8455	-30
				NF-DEC	LTP	8485
	SL (+/-) 10 POINTS	FROM SLR
	Intraday Swing	Trader
			T1	T2	T3	SLR
Strong >	8450		8478-8505	8522-8550*	8575-8590	<8430
Weak <	8430		8399-8371	8350-8337*	8315-8286	>8450
FOR	Conservative	Positional	Trader
			T1	T2	T3	SLR
Strong >	8450		8505	8550*	8590-8675	<8430
Weak <	8430		8371	8337*	8286-8208	>8450

Technical Outlook Of Nifty Fut(NSE-DEC):1-5 days

Nifty Fut(NF) should give consecutive closing above 8590 & then 8675 zone for target of 8750-8800 by next few days.

On the downside, 8535-8505 zone should provide good support for the time being.

Expect some cyclical corrections from intermediate top from time to time in our market, which may scale 9500 zone by March'15 (Pre-budget & rate cut rally) and 10500 area by Dec'15, if there is fulfillment of 2-nd generation reform in budget as promised by our FM.

Trading Levels: Nifty Fut(NSE-DEC)    

		Gap Up/Dw	(Indicative)
SGX NIFTY	8588	7
				NF-DEC	LTP	8581
	SL (+/-) 10 POINTS	FROM SLR
	Intraday Swing	Trader
			T1	T2	T3	SLR
Strong >	8535		8577-8590	8613-8650*	8675-8705	<8515
Weak <	8515		8485-8463	8443-8420*	8371-8336	>8535
FOR	Conservative	Positional	Trader
			T1	T2	T3	SLR
Strong >	8535		8590	8675*	8750	<8515
Weak <	8515		8463	8420*	8309	>8535

Technical Outlook Of Nifty Fut(NSE-DEC):1-5 days

Nifty Fut(NF) need to sustain above 8590 zone for 8750 within next few days. Immediate positional support is now 8496 & 8416 zone.

Lower Crude Price, possible rate cut by RBI & various reform hopes in the ongoing winter parliament session along with proposed "2-nd generation reform" pledged by our FM in the forthcoming budget are helping a lot for our market.

Trading Levels: Nifty Fut (NSE-DEC)

		Gap Up/Dw	(Indicative)
SGX NIFTY	8589	42
				NF-DEC	LTP	8547
	SL >/< 5 POINTS	FROM SLR
	Intraday Swing	Trader
			T1	T2	T3	SLR
Strong >	8590		8615-8630	8650-8675*	8705-8730	<8570
Weak <	8570		8550-8525	8496-8479*	8444-8416	>8590
FOR	Conservative	Positional	Trader
			T1	T2	T3	SLR
Strong >	8590		8630	8675*	8730-8750	<8570
Weak <	8570		8525	8479*	8416-8400	>8590