F&O Cues

F&O Cues Updated.

Nifty Hourly Chart - Probable Neowave Count

3 P.M

Update

6244 week S/L has been hit. Bearish Signal.

Point of worry

       About 80+ point bear flag is ready if the Market closes lower, one needs to be extremely careful about Long positions.

Nifty Future Update

6297 10 DMA Nifty Future, till now unable to cross it.

2 P.M

Nifty Update

Today or tomorrow's  price action would confirm if the Diametric (e)-leg has already concluded at 6415 or not. If it has, we may be back below 6050 or Minimum below 6158 soon. We may see another high if the current low or about 6244 is held but overall data is not very supportive for holding these kind of levels.  What can help ?  IIP data ?

1 P.M

Update

Movement after 12.41 P.M should determine the direction of the next move.

12 Noon

Nifty Spot Intraday Chart

                  Breaking and sustaining below the last low may give bigger fall.  Holding the last low minimum Target is 6383 by next Tuesday i.e. 17th Dec, 2013

11 A.M

Nifty Spot Update

6242 is the Week Key Level for Nifty Spot, if it holds the rally may unfold from here.

10 A.M

Update

Nifty Key Values and Banknifty Key Values updated in the respective menu items. Select and keep them open in new tabs after double clicking on them.

Pre-Market Levels for Nifty and Banknifty Futures - 12th Dec, 2013 working

Signal For the Day - Sell on Rises and Buy on Dips

6304-6315 (Support Staying Above / Resistance Staying Below)  and 6388 (Stiff Resistance) for Nifty Spot

Nifty Future 
6415              Sell All
6396              Resistance
6378-6385    Stiff Resistance / Sell Zone
6366-6370    Resistance
6355-6358    Strength Above
6338-6345    Strong Resistance
6315-6324    Strong Support
6297             10 DMA
6271-6292    Very Strong Support / Buy Zone
6253             Week S/L
6244-6248    Buy All
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Signal For the Day - Sell on Rises and Buy on Dips

11770-11840 (Support Staying Above / Resistance Staying Below)  and 12146 (Stiff Resistance) for Banknifty Spot

Banknifty Future
12082-12112   Sell All
11992-12046   Sell Zone 
11810-11890   Strong Support / Resistance
11769-11772   Strong Support / Resistance
11630-11651   Strong Support
11579-11590   Strong Support
11368-11430   Buy All