F&O Cues - Updated

Data suggests addition of slightly more longs  in Nifty Future and Calls. But positions taken both sides indicating trading activity expected i.e. Sell on Rises and Buy in Dips.

Nifty Spot will be supported strongly between 5952-5971, 5901 is the strongest support. 6043-6045 will act as strong resistance and 6107-6112 will be next strong resistance.

* Banknifty Charts Added

More details in F&O Cues

Nifty Spot Hourly Chart

Triple Bottom

Now Triple bottom and some pullback again for Nifty. Monday it should go?

3 P.M

Diametric Vs. Extracting Triangle

Extracting triangle first requirement of break of 5972.45 should be done by today / Monday satisfying faster retracement condition and second condition will be to break 5904 soon.  Failure to break 5904 wiil be confirmation of diametric e-leg (going on).

Nifty Future call Update

Rollover going on. Please exit the long call  during this ranged move  between 6050-6060.

2 P.M

Market Bias should remain +ve today with bearish undertone

Nifty Future (Fair Value ST - 6169 / Series - 6191)

6119-6131         Sell Zone
6105                  Strong Resistance
6092-6101         Stiff resistance
6078-6082         Resistance
6056-6059         Strong Resistance
6038-6042         Strength Above / Buy Above
5971-5977         Strong Support / Buy Zone
5953                  Buy Zone


Bank Nifty Future (Fair Value ST - 11006 / Series - 11100)

11064-11079      Sell Zone
10940-10960      More Strength Above
10872-10915      Strong Resistance
10815-10832      Strength Above
10781                 Buy more Above / Sell Below
10680                 Buy Holding
10480-10500      Buy Zone
10342                 Buy All

Options Table Justifying bit of Bullish Bias

Nifty Future Long Stop Loss

Even if stop loss triggered it need to be seen for hodling below for more than 5 mins.

1 P.M

Market Bias should remain +ve today with bearish undertone

Nifty Future (Fair Value ST - 6169 / Series - 6191)

6119-6131         Sell Zone
6105                  Strong Resistance
6092-6101         Stiff resistance
6078-6082         Resistance
6056-6059         Strong Resistance
6038-6042         Strength Above / Buy Above
5971-5977         Strong Support / Buy Zone
5953                  Buy Zone


Bank Nifty Future (Fair Value ST - 11006 / Series - 11100)

11064-11079      Sell Zone
10940-10960      More Strength Above
10872-10915      Strong Resistance
10815-10832      Strength Above
10781                 Buy more Above / Sell Below
10680                 Buy Holding
10480-10500      Buy Zone
10342                 Buy All

Nifty Future Call

Buy Nifty Future in the range 6050-6060 Stop Loss 6035 Target 6090/6100/6110 - Revised

12 Noon

Market Bias should remain +ve today with bearish undertone

Nifty Future (Fair Value ST - 6169 / Series - 6191)

6119-6131         Sell Zone
6105                  Strong Resistance
6092-6101         Stiff resistance
6078-6082         Resistance
6056-6059         Strong Resistance
6038-6042         Strength Above / Buy Above
5971-5977         Strong Support / Buy Zone
5953                  Buy Zone


Bank Nifty Future (Fair Value ST - 11006 / Series - 11100)

11064-11079      Sell Zone
10940-10960      More Strength Above
10872-10915      Strong Resistance
10815-10832      Strength Above
10781                 Buy more Above / Sell Below
10680                 Buy Holding
10480-10500      Buy Zone
10342                 Buy All

Nifty Spot Hourly Chart

Nifty Future

Book the remaining Longs @6048 CMP

Nifty Future

Exit 50% Longs @6042 CMP Up stop Loss to 6028

11 A.M

Market Bias should remain +ve today with bearish undertone

Nifty Future (Fair Value ST - 6169 / Series - 6191)

6119-6131         Sell Zone
6105                  Strong Resistance
6092-6101         Stiff resistance
6078-6082         Resistance
6056-6059         Strong Resistance
6038-6042         Strength Above / Buy Above
5971-5977         Strong Support / Buy Zone
5953                  Buy Zone


Bank Nifty Future (Fair Value ST - 11006 / Series - 11100)

11064-11079      Sell Zone
10940-10960      More Strength Above
10872-10915      Strong Resistance
10815-10832      Strength Above
10781                 Buy more Above / Sell Below
10680                 Buy Holding
10480-10500      Buy Zone
10342                 Buy All

Nifty FutureTwo Calls

Enter Short at 6070-6080  Stop Loss 6104 Target 6030-40
Enter Long at 6030-6040  Stop Loss 6006 Target 6070-80

10 A.M

Market Bias should remain +ve today with bearish undertone

Nifty Future (Fair Value ST - 6169 / Series - 6191)

6119-6131         Sell Zone
6105                  Strong Resistance
6092-6101         Stiff resistance
6078-6082         Resistance
6056-6059         Strong Resistance
6038-6042         Strength Above / Buy Above
5971-5977         Strong Support / Buy Zone
5953                  Buy Zone


Bank Nifty Future (Fair Value ST - 11006 / Series - 11100)

11064-11079      Sell Zone
10940-10960      More Strength Above
10872-10915      Strong Resistance
10815-10832      Strength Above
10781                 Buy more Above / Sell Below
10680                 Buy Holding
10480-10500      Buy Zone
10342                 Buy All

Pre-Market Levels of Nifty and Banknifty Future - 1st Hour

Market Bias should remain +ve today with bearish undertone

Nifty Future (Fair Value ST - 6169 / Series - 6191)

6119-6131         Sell Zone
6105                  Strong Resistance
6092-6101         Stiff resistance
6078-6082         Resistance
6056-6059         Strong Resistance
6038-6042         Strength Above / Buy Above
5971-5977         Strong Support / Buy Zone
5953                  Buy Zone


Bank Nifty Future (Fair Value ST - 11006 / Series - 11100)

11064-11079      Sell Zone
10940-10960      More Strength Above
10872-10915      Strong Resistance
10815-10832      Strength Above
10781                 Buy more Above / Sell Below
10680                 Buy Holding
10480-10500      Buy Zone
10342                 Buy All