Technical Outlook Of Nifty Fut(NSE-NOV):1-3days

NIFTY SPOT (NS) should give consecutive closing above 8177 zone for target of 8500 in short term. Positional support for NS is now 8090 zone.

Improving economic macros, various reform initiatives,positive FII/DII inflows, favorable assembly election outcome etc are all helping our domestic markets & its basically a "buy on dip" market for the last few quarters.

Globally also, there is no dearth of liquidity (thanks to EU ABS & recent Japan Pension Fund news) & Fed is in no hurry to increase interest rates at least until June'2015 with lots of caveats.

Trading Levels(NIFTY FUT- NOV):

		Gap Up/Dw	(Indicative)
SGX NIFTY	8245	47
				NF-NOV	LTP	8198
	SL >/< 5 POINTS	FROM SLR
	Intraday Swing	Trader
			T1	T2	T3	SLR
Strong >	8260		8279-8300*	8325-8356	8382-8400	<8240
Weak <	8240		8214-8198*	8172-8149	8120-8099	>8260
FOR	Conservative	Positional	Trader
			T1	T2	T3	SLR
Strong >	8260		8300*	8356	8400	<8240
Weak <	8240		8198*	8149	8099	>8260

Technical Outlook Of Nifty Fut (NSE-OCT): 1-3 days

Thanks to overnight US Market rally, our NF could open Gap Up around 8015 zone; on the upside, 8051 & 8125 zone should offer significant resistance & above that 8200 will be the target.

On the downside, 7990 & 7940 zone will be the immediate support zone & below that 7880 & 7808 zone should offer significant support.

S&P Fut is also in uptrend & now have to break 1942 zone for further up move to 1970 & 2015 zone. Support is now around 1913 zone.

Indian market is slowly realizing that pace of reform is gathering momentum in the coming months & Modi led BJP may be able to achieve majority in "Rajya Sabha" also in near future, which will help to pass key reform bills smoothly. Also, BJP/NDA led states will implement various reforms like GST etc in ground level.

Trading Levels: Nifty Fut(OCT):

		Gap Up/Dw	(Indicative)
SGX NIFTY	8015	67
				NF-OCT	LTP	7948
	SL >/< 5 POINTS	FROM SLR
	Intraday Swing	Trader
			T1	T2	T3	SLR
Strong >	8010		8031-8051*	8072-8100	8125-8171	<7990
Weak <	7990		7973-7940*	7907-7882	7855-7808	>8010
FOR	Conservative	Positional	Trader
			T1	T2	T3	SLR
Strong >	8010		8051*	8100	8171-8200	<7990
Weak <	7990		7940*	7882	7808-7770	>8010

Happy Deepawali to All-----

Technical Outlook Of Nifty Fut(NSE-OCT):1-3 days

For NF, 7808-7780 zone should offer good support & below that came 7748 & 7682 zone.

On the upside, NF should give consecutive close above 7958 zone to regain its lost momentum & above that 8050-8125 zone may offer significant resistance.

Exit poll figures released yesterday, indicating Modi waves in Mah & Har could support our market.

Due to Ebola scare in USA/EU, global EQ market is in turmoil; but S&P was able to bounce back from critical support zone yesterday after Fed Beige Book. There was also some sluggish US data, which could force Fed to take some dovish outlook in the near future & they will be in no hurry to raise interest rates.

Trading Levels: Nifty Fut

		Gap Up/Dw	(Indicative)
SGX NIFTY	7880	-23
				NF-OCT	LTP	7903
	SL >/< 5 POINTS	FROM SLR
	Intraday Swing	Trader
			T1	T2	T3	SLR
Strong >	7860		7890-7915	7942-7958*	7979-8005	<7840
Weak <	7840		7822-7808	7780-7748*	7722-7701	>7860
FOR	Conservative	Positional	Trader
			T1	T2	T3	SLR
Strong >	7860		7915	7958*	8005-8027	<7840
Weak <	7840		7808	7748*	7701-7682	>7860

Technical Outlook Of Nifty Fut(NSE-OCT):1-3 days

Somewhat dovish  FED minutes released yesterday is adding some fireworks in risk assets. Intermediate support of NF is now near 7880 & below that 7800 zone. NF may face resistance around 7958 & 8000 zone as of now.

Trading Levels: Nifty Fut (OCT):

		Gap Up/Dw	(Indicative)
SGX NIFTY	7931	35
				NF-OCT	LTP	7896
	SL >/< 5 POINTS	FROM SLR
	Intraday Swing	Trader
			T1	T2	T3	SLR
Strong >	7890		7921-7953	7981-8002*	8033-8051	<7870
Weak <	7870		7840-7808	7786-7761*	7740-7721	>7890
FOR	Conservative	Positional	Trader
			T1	T2	T3	SLR
Strong >	7890		7953	8002*	8051-8125	<7870
Weak <	7870		7808	7761*	7721-7701	>7890