CONSOLIDATION

Nifty may consolidate here with positive bias waiting for results .. Today' pivot is NF 5021 for target 5045 and resistance around 5074-5080 and support at 5008-4980

SENSEX CROSSES 17K

September month closing over 17000 in sensex and 5000 in Nifty confirms the bullish trend. For october, NF 4908 is the pivot with first resistance around 5213-5245 and support around 4794-4736. For bullishness to stay, Nf has to trade over 5027 .
For today, the Pivot and support is NF 5046 with resistance at 5097-5120 . Bullishness only over 5027.

DIRECTIONLESS

Market waiting for some cue as yesterday saw gap up opening and then consolidation with positive bias by holding with RIL & ONGC . Today's pivot is NF 5000 with resistance at 5016-5042 and support at 4986-4976... Break of 4960 will lead to testing of 4931.

RANGE BOUND

Watch out for NS 4931 as it will remain bullish over 4931 for target 5004 and resistance at 5042. Cross of NF 5025-5042 can take it to 5118. We are in strong supply zone....

CONSOLIDATION TO CONTINUE

Pivot for today is 4978 with support around 4928-4945 and NS 4890 as last hope for bulls. Only close over NF 4525 will resume the upmove.

SETTLEMENT DAY

Weakness to continue today as well with uncertainty and volatility. Watch out NS 4930 or NF 4925 as break of that will lead to further weakness. .. gap lies between NF 4917-4892. Pivot for today is NF 4982 and will be bullish only over that.

FATIQUE SETTING IN..

Market looking a bit tired and may consolidate around these level though settlement tomorrow would lend some volatility. Pivot for today is Nf 5014 with resistance around 5044-5065... trading below 5002 will be bearish for 4977-4952.

SETTLEMENT WEEK

Pivot for this week is NF 4922 with support at 4860 and resistance around 5043-5075.... break out either side will give a big move. ... though the technical target for this wave is around 5300+.
For today,Nf has to trade over 4968 for target 4995-5008... however break of 4952 will lend weakness to test the gap up zone of 4892-4917.

REACTION ZONE

Market reacted from overbought zone with RIL leading the fall. However, this is just profit taking as the trend is still up. Today's pivot and resistance is NF 4976 with support around 4946-4931. Strength only over NF 4992. Market likely to pause and consolidate between 4850-4970.

OVERBOUGHT ZONE

With today's Gap up, we will be in overbought zone in hourly charts from where reaction may come. For uptrend NF has to trade over 4952 now with further support at 4935... resistance for today is Nf 4983-4998 with monthly second resistance also around 5002.