Monday, January 13, 2014

Murrey Math and Options data based position

As can be seen 6319 is the entire Range High / Stiff Resistance Main for Nifty Spot based on derivatives Data. Market is at a crucial point anything above 6319 should not be sustainable for Nifty Spot unless the derivatives position changes. Caution has to be taken for longs positions above 6320 as of now based on current data. Weakness below 6260 for Nifty Spot.

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