NIFTY Levels - for 17th Oct 2012:

1) Nifty Future closed @ 5649 down by 53 points.

2) Pattern:- Head & Shoulder Pattern in Progress in Daily charts. We are in making of right shoulder..

3) Nifty Futures SR Levels/ Zones for Intraday :- 

            Resistance @ 5647-5640,  5672-5666, 5730-5725,  

            Support     @ 5597-5593,  5559-5554,  5413-5400, 5350

4) Open Interest:-  Highest OI in 5800 Call (100 lacs), 5700 call (72 lacs) & 5600 Put (80 Lacs)

5) Daily TF        :-      

    ->  Bollinger  :-        Consolidation

    ->  MACD (9,19,6) :- Bearish Confirmation after crossover

    ->  RSI          :-        Down Trend (took Resistance at 60)

    ->  Stoc (14,3,3)  :- Bearish

    ->  Stoc (5,3,3)   :-  Bearish

6) 30 min TF      :-       Downtrend

    ->  Bollinger  :-       Downtrend Bubble

    ->  MACD (9,19,6) :- Bearish Confirmation after crossover

    ->  RSI          :-        Down Trend (took Resistance at 40)

    ->  Stoc (14,3,3)  :-  Still below 20, so another round of 20-30 pts

    ->  Stoc (5,3,3)   :-  Bearish

7) NF Gaps to be Noted:

    ->  5280  - 5313

    ->  5457  - 5526

    ->  5554  - 5575

 

BUY & Sell: In SR Zones with Proper Candlestick patterns.. Thats it..