F&O Cues

F&O Cues Updated.  

Wishing all the Associates of this Blog a Very Happy, Prosperous and Rewarding New Year, 2014

Follow the Channel

Nifty NR4/7/14 Day implication for tomorrow

Nifty Spot
 Buy > 6,319  Target 6,381  (Inverted H&S Target is 6350-6360, shown earlier)
 Sell < 6,285  Target 6,223 

If range expansion happens tomorrow. Watch the new day channel top for resistance and support.

3 P.M

Last Hour!

Entering the last hour. Caution below 6348 Nifty Future and 6291 Nifty Spot.

My bias as of now seeing the price action.

Since Nifty has touched 6343 Level once my bet would be for 6355-6368 (Week T1) for Tomorrow / Day After  if range expands and in that case Nifty Future should get 6402 +.

Nifty Day likely new channel

Update

An NR4/NR7/N14 Day in NIfty today as of now in Nifty and not in  Banknifty.

1 P.M

Nifty Update

Nifty Spot will start weakening  below 6291 and can be sold for a target of 6259 with 6311 as stop loss. These days major moves are normally in First or last 1 Hour.

Nifty Spot 1 Min Chart

Positionally not breaking 6275 from here, Nifty Spot should give 6350-6360 on the upside. Longs for 6350-6360 may only be attempted if price moves above 6315 and survives.

Update

Price has a triangular behaviour and hence buying and selling  at Supports and / Resistances should be worthwhile. Holding onto positions will not yield much.

Nifty 30 Min Chart

If Nifty Starts closing above 6322 it may get strength.

10 A.M

Update

Bias will be negative below 6348 and sell on rises may be the option.

Update

Please keep Nifty Future 6348 Sustaining / Holding as Stop Loss for Long positions.

Call

Buying Nifty Future and  CE6400 is advisable for 6400 and 104 Respectively.
CMP 6354 Nifty Future
CMP 80.5  6400 CE.

Update

Stocks and Commodities Blog Updated.

Pre-Market Levels for 31st December (Tuesday), 2013 Working

Despite Correction Nifty is yet to break the Daily rising channel and close below the Low of 
previous day, which confirms the bias change (Presently Up).

Nifty Future Sustaining above 6353-6358 will be good for Nifty for some NAV Popup attempts 
Though the allowable limits as par derivatives data (See F&O cues) for

Nifty Future is [6265 - 6343] +/- 10/15 Points and
Nifty spot   is [6119 - 6349] +/- 10/15 Points

So, since Nifty spot is allowed to attempt 6359-6364, price of Nifty future can even go above 
the above expected upper limit of 6343+15 = 6358. There has been an approximate premium of 
40-60 points maintained between Nifty Future as against Nifty Spot. Considering the same Nifty 
Future may attempt to see between 6359 + 40 = 6399 / 6359 + 60 = 6419 or 6364 +40 = 6404 /
6364 + 60 = 6424.

Today is an important day as it is the Last day of Month, Year and NAV Popup day for the Mutual Funds. Considering the same Nifty may try to latch on to it's gains and Nifty Future may even attempt 6399-6424 Level.

Nifty Spot has Shocker Resistances between 6352-6362 (Very Difficult to cross and sustain above this week)
Nifty Future
6416-6424       Sell All
6393-6402       Strong Resistance (6402 Important Weekly Level)
6368-6375       Resistance
6354-6359       Remain Long Above
6348                Support
6327-6334       Strong Support
---------------------------------------------------------------------------------------------------------------------------------
Bankifty Spot has Shocker Resistances between 11771 -11938 (Very Difficult to cross and sustain above this week)

Banknifty Future
11770                Sell All 
11738                Month Important Target
11633-11662     Strong Resistance
11535                Strength Above and will Support if price goes above
11446-11458     Remain Long Above
11364-11375     Buy All

F&O Cues

F&O Cues Updated. 

Futures data is indicating that Nifty Future may not be going much below 6259-6268(Huge Support) or much above 6343-6354 (Huge Resistance) tomorrow, +/- 10 ponits deviation maximum.

Daily Chart Update

             Nifty Daily Bearish engulfing and nearing channel break.

Nifty Future and CE6400 Calls

One can exit at their own comfort earlier from the calls because volume is not so good. (NF CMP6352 / 6400CE 80.65)

2 P.M

Call Update

Volume very lacklusture today like last Friday. Much less FII participation it seems.

Update

                Nifty Spot Daily Price still within Channel

Update

Nifty Future Strong Above 6350 and weak below 6336

Nifty Future and CE6400 call

Buy Nifty Future @cmp6348 S/L 6324 Target1 6367, Target2 6376 and Target3 6402

Buy 6400 CE @CMP 80 S/L 68 Target1 90 Target2 97

1 P.M

Nifty Spot Update

Bull Stop Loss for Nifty Spot is at 6277 Breaking and sustaining below it only give some selling pressure from here.

Nifty Future Update

Nifty Future is Holding above 6337 is good and Holding the same it may attempt 6402 - T1 and 6417 T2.

Update

USDINR and Stocks Blog Weekly Levels updated

10 A.M

Update

Nifty and Banknifty Key values updated

Nifty Call - Revised

Buy Nifty 6400 CE Between 65-72 Target    93 T1 /97 T2 /108 T3 S/L 58 - Revised

Update on Nifty Future

Nifty Future has to survive above 6337 for strength for next 1-2 Hours.

Pre-Market Levels for 30th December (Monday), 2013 Working (Market Volume Profile based)

Nifty Future
6417                  Sell All
6402                  Important Month Target
6376                   Strength Above / Sell Below
6359-6367         Sell More Below / Buy Holding
6325-6330         Support
6308                  Strong Support
6285-6295         Buy Level / Very Good Support
6262-6266         Buy All

----------------------------------------------------------------------------------------------------------------------

Banknifty Future
11853                  Sell All
11738                  Important Month Target
11680-11707       Sell All  
11609-11632       Strength Above / Sell Below
11543-11578       Sell More Below
11438-11485       Support
11364-11378       Strong Support / Weak Below
11236-11302       Buy All / Strong Support
11070                  Buy All

Note

Stocks and Commodities Blog Updated.

Banknifty Spot - Update on Monthly Chart implications

                                                                 Monthly Chart
The Earlier slow MACD Divergence had given good fall as can bee seen in the chart. Price is still below Month PSAR at 12196

Nifty Spot - Update on Weekly and Monthly Chart implications

                                                                      Weekly Chart
OBV reaching all time time High.  Correction is nearing or at best ranged bound and upside should be capped unless OBV is smoothened and lowered

                                                                     Monthly Chart
                                                            Price Divergence in Slow MACD

Caution for Longs?

Nifty last up-swing has almost matched the last down-swing time and the retracement has been slower and hence corrective.  Now, another down-swing may come

F&O Cues

F&O Cues Updated.

Nifty Spot has resistance at 6340 and Support at 6294.  As of now sustaining much above 6340 will be difficult for Nifty Spot based on current derivatives data.

Nifty Future Update

If Nifty Future is unable to cross 6402 on Monday the downside target will be 6238. If 6402 is taken out Next two targets will be 6432 and 6492.  Let use see what cues do we get in the F&O data today.

Update

Nifty Future has maintained 60 Point Premium Maintained throughout the day.

3 P.M

Update

Exit the 6400 PE for now. We shall see on Monday CMP 119.

Nifty Call Update

Break of 6300 Nifty Spot will approximately break the Day channel for Monday and from there on it may be Sell on Rises.  Nifty is giving early and late movements and hence Put option has been chosen.  The option will give return next week for sure.  Very remote chances of 6415 to be taken out in this upmove in next 1 day. AAP ka magic ?

Nifty Call

Buy 6400 Put @122  CMP   S/L 110    Target1 - 134,     Target2 -145

Nifty Daily Chart

Day Channel on the Verge of Breakdown, so Monday may be a Fall Day. Month signal is also Sell on Rises.

Nifty Hourly Intraday Chart

           The move still within the range 6320-6260 Nifty Spot with Hourly Overbought.  If Nifty Spot is not able to cross 6415 by Monday we are going back to the 6150-6200 Levels first.

2 P.M

Update on Nifty Future Call

Exit Nifty Future Shorts  here @cmp 6370. Expected weakness missing till now.

1 P.M

Update

Deep Weakness will come below 6345 Nifty Future (If sustains below) i.e. our 2nd Target.

Update

Pre-Market 6377 was the "Sell All Level" and Nifty has retraced from there.

Short Nifty Future in the range 6275-6285  S/L 6405  Target1 6355,  Target2 6345

Update

Nifty Spot has done about 30 Points till now!! It should try 70 points by EOD or Minimum required is about 40 Points in total.

Current High 6319.80 - 40    =   6279.80
        or           6319.80 - 70    =   6249.80

on the Lower Side

and

Current Low 6289.40 + 40 =  6329.40
        or         6289.40 + 70   =  6359.40

on the Higher Side

Update

Exit the Nifty Future Shorts for the time being @cmp 6365.

Update

Range of  6260-6320 Nifty Spot Not Broken yet. If 6320 not taken out going to the bottom level of the range is possible. I have a sell call running for Nifty Future.

11 A.M

Update

Stocks blog has been updated.

Update

Nifty and Banknifty Key levels updated in their respective menu item.

10 A.M

Niftry Future Call

Nifty can be shorted here @cmp 6367 with 6390 Stop Loss for a target of 6320

Pre-Market Levels for 27th December (Friday), 2013 Working

Downtrend Expected

Nifty Future
6377                 Sell All
6362                 Week T1  /  Sell Zone
6345-6355       Sell Below / Buy Holding
6324                More Weakness below
6305                Sell More below / Buy Holding
6286-6294       Support
6264-6278       Strong Support
6237-6247       Buy All / Sell Below
6220                Week Revised Target
6201-6213       Strongest Support

----------------------------------------------------------------------------------------------

Banknifty Future
11631-11691      Sell All
11525                 Vital Level
11496-11521     Sell Zone / Buy Above
11442                Sell Below / Buy Holding
11364-11380     Good Support / Sell Below
11318                Sell More Below
11213-11235     Strong Support / Buy Holding
11175                Week S/L
11063-11089     Strongest Support / Buy All

F&O Cues

No F&O Cue updation today because of expiry day.

Update

Banknifty has sucessfully made an NR4 / NR7 and NR14 day.  The following could be the implication for both Nifty and Banknifty Spot tomorrow unless we get another tight range again.

Nifty Spot
Buy  Above   6305 Target 6373 
Sell Below    6257 Target 6189

Banknifty Spot
Buy  Above   11428 Target 11671 
Sell Below    11315 Target 11073

Nifty EOD

Update

Last hour move has removed the Narrow Range tag from Nifty.  The earlier post on NR4/NR7 & NR14 is now invalid. Even though a larger range is expected tomorrow.

Update

Nifty Future has saved the week S/L again with vigor, it even went to 6266.1. But has done the minimum 40 points range for the day already.

Volatility

Tug of War with 6300 Call writers. Tomorrows Range expansion is certain. Unprecedented volatility occured today.

Update

Nifty Future has attempted 6300 already after holding 6281 till 2.50 P.M

Update

Week S/L 6264 for Nifty future has been held till now as well as 6281.  Today is coming up as NR4/ NR7 and NR14 day.  Narrow Range expansion almost certain tomorrow.  In next 2 days if Nifty is unable to scale 6400, it may revisit towards the Last low of 6129.   Today any juice is left or not is doubtful as 6300 has been capped by the Call Writers.

2 P.M

Update

If Nifty Future is able to hold 6281 till 2.50 P.M it may attempt 6300-6320 by EOD.

If BnakniftyFuture  is able to hold 11350 till 2.50 P.M it may attempt 11400-11450 by EOD

Update

Only 21 points for Nifty till now. Possibility of range expansion of another 20-50 points remains today and same for Banknifty is around 140-170 points today. Let us see which way.

12 Noon

Banknifty Future Call

Short Banknifty between 11356-11387 S/L 11416 Target1 11303 and Target2 11265 CMP 11346

Nifty Update

Big Caution for the Long positions between 6303 - 6320 for intraday profit booking. Safe sustaining above.

Banknifty Update

11300-11500 zone is adding resistance. 11500 +/- 50 Points  seems to be the upper boumdary for Banknifty for today.

Nifty Open interest analysis

Option writers have built and are buliding huge resistance around 6300 level, which also has the highest open interest for the series.   Attempts to cross 6300 will be resisted strongly, unless some short covering happens towards the EOD sustaining much above 6300 looks difficult for today.

Update

Market Bias positive. Open & low almost same.  Time is running out for Nifty to Attempt 6415 and must be attempted within next 3 days (Including today).  6264 hasn't been broken by Nifty future, which was week S/L and also nifty spot hasn't broken the daily chart support of 6255.

Nifty Future Calls for the Whole day

LONG  @ 6297.7+ S/L 6274.5 Target 6337.5
                                 or
SHORT @ 6264- S/L 6287.2 Target 6224.5

10 A.M

Update

Nifty and Banknifty Key Values Updated in the respective.

Pre-Market Levels for 26th December (Thursday), 2013 Working

Volatile and tight range expected, some move up may be expected close to EOD

Nifty Spot not breaking/ Holding 6255 will keep bias towards 6300 (6317 Week Shocker Level)

Nifty Future (Expiry Blue is suggsting a Max. trading Range of 6217-6320 +/- 10 Points)

6406                Week T2
6383                Sell All
6362                Week T1
6360                Stiff Resistance
6340                Crossing is important today / tomorrow, for 6362
6334-6339       Big Resistance
6327                Resistance
6311                Strong Resistance / Buy More sustaining above / Sell Here
6287                Strong Above / Buy for next Target
6278                Good Support
6253-6264       Support / Buy Zone (6264 - Week S/L and Not Breaking will be good)
6237-6245       Strong Support / Buy Zone
6230                Big Support
6202-6213       Buy All


Banknifty Future 

11627-11634    Sell All (11627 Week T1)
11525               Crossing is important today / tomorrow, for 11627 
11485-11500    Strong Resistance
11452               Big Resistance / Buy Above
11380-11435    Resistance Zone / Sell Zone / Buy Above
11320-11364    Consolidation Zone / Weak below / Support Zone
11264-11287    Big Support / Sell Below
11197-11231    Buy zone / Good Support / Sell below
11175               Week S/L
11003-11069    Buy All

F&O Cues

F&O Cues Updated  EOD 24th Dec, 2013

Hourly Chart Bear Flag

Keep an eye on the bear Flag as well.  6255 not holding lower Trendline of the bear Flag will be the 1st target. Break of the bear flag trendline will give, Top - Hight as first Target. 

Nifty Daily Chart

                             Nifty Showing some weakness. EOD FII / DII data may throw some light. 

3 P.M

Update

Nifty Future has saved the weekly S/L 6264 till now, below it only shorts to be considered. The value is available in Pre-Market levels and Nifty Key Values.

Update

Exit the shorts in Banknifty Future here @11354

Update

Exit the shorts of Nifty future Cmp 6284

Update

Book profit in shorts initiated @6297 here @6290

Fresh Call on Nifty and Banknifty Future

Nifty Future
Buy  @6314 SL - 6291 Target1 - 6334 Target2 - 6354
Sell @6297 SL - 6320  Target1 - 6277  Target2 - 6257

Banknifty Future
Buy @11431 SL - 11381 Target1 - 11451 Target2 - 11471
Sell @11359 SL - 11409 Target1 - 11339 Target2 - 11319

1 P.M

Update

Nifty has a balance of 153 points move due for the week and  169 points move due for the Month. Though Fullfilling the month avg. looks difficult from here, there is a possibility of Nifty to take up atleast 100 points from here. The target may be either 6420 or 6166. 

12 Noon