Update

Nifty effortlessly conquering levels. Looks more steam left.

Update on Nifty Spot

8300-8334 is likely to be a huge resistance for Nifty Spot and some profit booking may come near about this level.

Update on Nifty Future and Banknifty Future

8315 Level is most vital for the month for Nifty Future and the same level for Banknifty Future is 17030. 

Nifty Future Data Levels for 31st Oct, 2014

Nifty Future (Bias - Positive)
-- 8174/ 8191 / 8228-8236 / 8269 / 8282-8292++ 

Banknifty Future (Bias - Positive)
--   16666-16710 /  16748 /  16770-16836 /  16880  /  16965-17011  ++
---------------------------------------------------------------------------------------------------------------

Murrey Math and Options data based position - EOD 30th Oct, 2014

Update

Today sustaining above 8111-8116 is crucial for Nifty Spot.

Nifty Future Data Levels for 30th Oct, 2014

Nifty Future (Bias - Positive)
-- 8073/8089 - 8110/8118 - 8133/8142 - 8152/8156 - 8176 ++ 

Banknifty Future (Bias - Positive)
--   16607 - 16641 - 16748/16794 - 16811/16836 - 16858 - 16966 ++
---------------------------------------------------------------------------------------------------------------

F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 29th Oct, 2014

Update on Nifty Spot

Nifty maintaining bullishness! 8080 Plus closing and sustenance is quite favourable for reaching all time high.

Nifty Spot Hourly Chart EOD 28th Oct, 2014

Truncated ZZ a-leg after completion of 2nd corrective has implied bullishness. 8050-8080 is significant resistance, crossing which the old highes will be attempted. Nifty is overbought and the black money list submission to S.C is there at about 11 A.M , so caution needed.

Nifty Future Data Levels for 29th Oct, 2014

Nifty Future (Bias - Positive)
-- 7998 - 8042 - 8055 - 8079/8083 - 8110/8118 ++ 

Banknifty Future (Bias - Positive)
--   16602 - 16719 - 16778/16794 - 16836 - 16954 ++

F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 28th Oct, 2014

Update on Nifty Future

8024 plus bullish else bearish for the day and month.

Nifty Future Data Levels for 28th Oct, 2014

Nifty Future (Bias - Positive)
-- 7998 - 8024/8031 - 8040 - 8053/6064 - 8079 - 8096/8100 ++ 

Banknifty Future (Bias - Positive)
--   16375-16451 - 16577/16585 - 16672/16710 - 16795/16811 - 16881 ++

F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 27th Oct, 2014

Update on Nifty Future

8024 is the vital number for Nifty Future for this expiry.

Nifty Future Data Levels for 27th Oct, 2014

Nifty Future (Bias - Positive)

-- 7998 - 8012/8016 - 8030 - 8055 - 8064 - 8088 - 8104/8114 ++

Banknifty Future (Bias - Positive) 

--   16297 - 16449 - 16513 - 16561/77 - 16665 - 16744/71 - 16836 ++

F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 22nd Oct, 2014

Update on Nifty Spot

8050-8077 Nifty Spot will face stiff resistance after 7993.

Update on Nifty Spot

EOD close, if above 7993, will keep bullishness intact.

Update on Nifty Spot

7993 and 8077 are two possible retracement targets where Nifty Spot should blink else the count needs to be modified.

Nifty Future Data Levels for 22nd Oct, 2014

Nifty Future (Bias - Positive)
-- 7995/99 -  8011/21  -  8036  -  8050/56  -  8074/79 ++ 


Banknifty Future (Bias - Positive)
--   16447/68  -  16564/77  - 16613/27  -  16709/27  -  16771/94 ++

F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 21st Oct, 2014

Update on Nifty Spot

Weakness in Nifty Spot below 7928.

Nifty Future Data Levels for 21st Oct, 2014

Nifty Future (Bias - Positive)
-- 7883 - 7910 - 7923 - 7937 - 7965/7975(Vital) - 8008/8015  ++ 

Banknifty Future (Bias - Positive)
--  16117 - 16218-16222 - 16274 - 16300-16330(Vital) - 16386 - 16468/16489 ++

F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 20th Oct, 2014

Update on Nifty Spot

Nifty Spot EOD Close above 7905(Strong Resistance)  is very vital and 7928, the last week high is another important number crossing which bullishness will increase. Above 7893.9 anyway confirms that the a-b-c downmove is over and the retracement will suggest the nature of the upmove.

Nifty Future Data Levels for 20th Oct, 2014

Nifty Future (Bias - Negative)
-- 7877-7884 - 7908-7919-7924 - 7944 - 7961 - 8004 - 8019  ++ 

Banknifty Future (Bias - Positive)
--  16048 - 16176-16199-16210 - 16373 - 16404 - 16439 - 16544 ++

F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 17th Oct, 2014

Update on Nifty Future

Though the day's opening was bullish for Nifty Future but it has already made an unusual high (7872.65) hence trading may remain range bound for the day.

Update on Nifty Future

For today if Nifty can sustain above 7811 some good rally may materialize.

Nifty Spot EOD 16th Oct, 2014

The confirmation of the 2nd leg (as an extracting triangle) of 2nd corrective completion was given by the market yesterday. Which is doing an a-b-c ZZ since then. In which the b-leg was an contracting triangle.
Now the contracting triangle may have either completed yesterday at 7893.9 or 7867.6. Now the pattern implication suggests the following targets or completion of the a-b-c at any one of the following levels : 

If completed at 7893.9
Target1 - 7732.5 (Done Yesterday)
Target2 - 7678.75

Target3 - 7624.95

If completed at 7867.6
Target1 - 7706.25
Target2 - 7652.45

Target3 - 7598.65
Watch out for yesterday's low or 7706.25 holding for postional longs for a good bounce.

Nifty Future Data Levels for 17th Oct, 2014

Nifty Future (Bias - Negative)
WEAK below 7749 and STRONG above 7780. 7811 is Day Shocker.  Day SAR is at 7961.  7890 (Sustaining Above)/ EOD close Above is First S/L for Shorts.
-- 7745 - 7779-7789 - 7811 - 7835 - 7847 ++ 
---------------------------------------------------------------------------------------------------------------
Banknifty Future (Bias - negative)
WEAK below 15516 and STRONG above 15577. 15716 is Day Shocker. Day SAR is at 15707.  15628 (Sustaining Above)/ EOD close Above is First S/L for Shorts.
--  15281 - 15377 - 15528 - 15576 - 15689 - 15716 - 15751 ++

F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 16th Oct, 2014

Nifty Hourly Chart Intraday

Update on Nifty Future

Nifty has been foxing a lot. 7800-7850 immensely strong support of Nifty Future. 

Nifty Future Data Levels for 16th Oct, 2014

Nifty Future (Bias - Negative)
WEAK below 7864 and STRONG above 7896. 7912 is Day Shocker.  Day SAR is at 7997.  7927 (Sustaining Above)/ EOD close Above is First S/L for Shorts.
-- 7856-7862 - 7896 - 7927-7938 - 7962 ++ 

---------------------------------------------------------------------------------------------------------------
Banknifty Future (Bias - Positive)
WEAK below 15738 and STRONG above 15800. 15909 is Day Shocker. Day SAR is at 15735.  15646 (Sustaining below)/ EOD close Below is First S/L for longs.
--  15720-15733 - 15800 - 15862-15886 - 15933 - 16038 ++

F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 14th Oct, 2014

Update

Nifty may not do much today from here. But Eod close for 

Nifty Future better if above 7884 and best if above 7907.
Nifty Spot Respective values are 7885 and 7898.

Update

Market may be closed tomorrow on Account of Mumbai Elections.

Nifty Spot EOD Hourly Chart 13th Oct, 2014

f-leg may have ended as a contracting triangle as depicted in the chart, but would require the final confirmation with a faster retracement of 7972.35 by 2 trading days including today else it will have some more leg down as an a-b-c flat. The bullish crab in hourly chart supports the contracting triangle. 8030 / 8110 / 8190 are the possible initial targets.

Nifty Future Data Levels for 14th Oct, 2014

Nifty Future (Bias - Negative)
WEAK below 7881 and STRONG above 7902. 7901 is Day Shocker.  Day SAR is at 7997.  7937 (Sustaining Above)/ EOD close Above is First S/L for Shorts.
-- (7902-7910) - (7926-7931) - (7937-7945) - (7960-7966) - (7675-7679) -  (8000-8015) ++ 
---------------------------------------------------------------------------------------------------------------

Banknifty Future (Bias - Positive)
WEAK below 15651 and STRONG above 15692. 15552 is Day Shocker. Day SAR is at 15735.  15595 (Sustaining below)/ EOD close Below is First S/L for longs.
--  15599 - 15633 - 15692 - (15740-15765) - 15786 - (15808-15814) - 15871 - 15928  ++
---------------------------------------------------------------------------------------------------------------

F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 13th Oct, 2014

Update on Banknifty Future

Bank Nifty has obeyed the pre-market call!
-- 15346 - 15429 - 15467 - 15493- 15589 - 15685 - 15710 ++

Update on Nifty Future

Remain cautious to see if  7778.70 - 7795.25 range holds and one can initiate longs in this range or holding 7806-7810 for good upmove.

Nifty Spot EOD Chart as on 10th Oct, 2014

Nifty diametric f-leg seems to be unfinished as yet and probably it is doing a flat a-b-c and c-leg is continuing and as par bullish Carb it has a maximum unfinished target of 7779. So, holding 7779 in Spot, longs may be initiated for g-leg commencing today else the correction in f-leg may go deeper.

Nifty Future Data Levels for 13th Oct, 2014

Nifty Future (Bias - Negative)
WEAK below 7852 and STRONG above 7872.  Main Support 7789-7824 and 7849-7855 and  Main Resistances 7877-7891 and 7906-7930.   7869 is Day Shocker.  Day SAR is at 8016.  7946 (Sustaining Above)/ EOD close Above is First S/L for Shorts.
-- 7810 - 7853 - 7872 - 7885 - 7934 ++ 

---------------------------------------------------------------------------------------------------------------
Banknifty Future (Bias - Negative)
WEAK below 15428 and STRONG above 15468.  Main Support 15269-15325 and 15388-15485 and   Main Resistance 15511-15571 and 15611-15667.  15552 is Day Shocker. Day SAR is at 15735.  15556 (Sustaining Above)/ EOD close Above is First S/L for Shorts.
-- 15346 - 15429 - 15467 - 15493- 15589 - 15685 - 15710 ++

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

F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 10th Oct, 2014

Update on Nifty Spot

EOD close below 7886.50 will bring the bias to neutral.

Update on Nifty Spot

Nifty has retested the breakout area and would either breakout from this level or retest it one more time on monday / tuesday before breakout. Close below 7841 will weaken all breakout options.

Update on Nifty Spot

Holding 7841 is somewhat comfortable at EOD.

Update on Nifty Future

Holding 7906+ only longs may be initiated for the day.

Nifty Future Data Levels for 10th Oct, 2014

Nifty Future (Bias - Positive)
WEAK below 7955 and STRONG above 7984.  Main Support 7875-7899 and 7911-7925 and  Main Resistances 7952-7965 and 7974-7990.   7906 is Day Shocker.  Day SAR is at 8016.  7966 (Sustaining below)/ EOD close below is First S/L for Longs.
-- 7877-7887 - 7935-7943 - 7984 - 8002 - 8033 ++ 

Banknifty Future (Bias - Positive)
WEAK below 15735 and STRONG above 15792.  Main Support 15511-15578 and 15626-15689 and   Main Resistance 15718-15776 and 15810-15876.  15488 is Day Shocker. Day SAR is at 15735.  15576 (Sustaining Below)/ EOD close Below is First S/L for Longs.
-- 15438 - 15500 - 15544 - 15600 - 15696-15710 - 15792 - 15827 - 15889 ++

F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 9th Oct, 2014

Modified Nifty Spot Hourly chart posted intraday 9th October, 2014

Nifty Spot should cross 8031 with 2 days to confirm commencement of pending g-leg up for the 7 legged diametric whereas the f-leg has completed as a Zigzag at 7815.75.

Bullish Crab in Nifty Spot

Nifty Spot has formed a bullish crab in the hourly chart and it may complete the upmove at any of the points as below. Faster retracement of  7970.65 is one more confirmation :

8160.90  -  T1
8374.20   -   T2
8506.05 -   T3
8588.90  -    T4
8719.35  -    T5
8900.00  -    T6

Continue to hold longs positionally monitoring the Positive Bias (starting today, See Education for clarity) 

Update on Nifty Future

7958-7961 will resist, crossing which new high for the day possible.

Update on Nifty Future

7944 is the critical number for the day.

Update on Nifty Future

Sustaining above 7970 Nifty Future may do 8000-8020 today itself.

Update on Nifty Future

If 7900 holds after morning gap up one shouldn't worry for the day.

Nifty Future Data Levels for 9th Oct, 2014

Nifty Future (Bias - Negative)
WEAK below 7833 and STRONG above 7870.  Main Support 7855-7870 and 7877-7891 and  Main Resistances 7913-7933 and 7945-7959.   7899 is Day Shocker.  Day SAR is at 8016.  7958 (Sustaining Above)/ EOD close below is First S/L for shorts.
-- 7803 - 7848-7854 - 7870(key) - 7937 - 8006 - 8033 ++ 

Banknifty Future (Bias - Negative)
WEAK below 15329 and STRONG above 15402.  Main Support 15253-15326 and 15368-15401 and   Main Resistance 15472-15513 and 15529-15598.  15276 is Day Shocker. Day SAR is at 15735.  15500 (Sustaining Above)/ EOD close Above is First S/L for Shorts.
-- 15269 - 15358-15401 - 15530(key) - 15668- 15720 - 15979 ++

F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 8th Oct, 2014

Update on Nifty Spot

7841 is the big key Number for Nifty Spot. Eod close below or trading below this number will keep the bears interested. Holding this number would be key for the upcoming rally.

Update

Nifty has seen good supporting activity today. Day end data should reflect the same.

Update on Nifty Future

7884 holds the key for today / tomorrow / this week / this month etc.

Nifty Future Data Levels for 8th Oct, 2014

Nifty Future (Bias - Negative)
WEAK below 7838 and STRONG above 7858.  Main Support 7828-7839 and 7858-7877 and  Main Resistances 7887-7892 and 7913-7927.   7941 is Day Shocker.  Day SAR is at 8030.  7979 (Sustaining Above)/ EOD close below is First S/L for Shorts.
-- 7851- 7858-7864 - 7942 ++ 

Banknifty Future (Bias - Negative)
WEAK below 15159 and STRONG above 15197.  Main Support 15007-15069 and 15121-15200 and   Main Resistance 15273-15323 and 15347-15407.  15256 is Day Shocker. Day SAR is at 15782.  15516 (Sustaining Above)/ EOD close Above is First S/L for Shorts.
-- 15019 - 15184-15209 - 15358 - 15373 - 15446-15449 - 15472 ++

Nifty Spot EOD Chart 7th October, 2014

2nd corrective has ended at 8180.2 with it g-leg as an extracting triangle. Now present downmove may be an x-wave or a Major downmove as the larger diametric G-leg, which time will tell. Nifty Spot is approaching a significant support zone between 7784-7822 and buying may be attempted in this range positionally for a probable retracement of the last downmove or for a new upmove may also start from here. 

F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 7th Oct, 2014

Update on Nifty Future

7944 remains the key for upside or downside.

Nifty Future Data Levels for 7th Oct, 2014

Nifty Future (Bias - Negative)
WEAK below 7930 and STRONG above 7945.  Main Support 7903-7922 and 7931-7947 and  Main Resistances 7977-7990 and 7996-8011-8024.   8004 is Day Shocker.  Day SAR is at  8030.  8008 (Sustaining Above)/ EOD close below is First S/L for Longs.

-- 7889 - 7916 - 7944 - 7972 - 8000-8005 - 8038 ++ 

Banknifty Future (Bias - Negative)
WEAK below 15283 and STRONG above 15311.  Main Support 15192-15253 and 15268-15318 and   Main Resistance 15383-15431 and 15455-15490.  15420 is Day Shocker. Day SAR is at 15769.  15602 (Sustaining Above)/ EOD close Above is First S/L for Shorts.

-- 15203 - 15255 - 15309 - 15363- 15626 - 15416-15428 - 15491 ++

F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 1st Oct, 2014

Update

Very long weekend so no position may be better for traders.

Update on Nifty Future

If 7980 breaks there may be weakness in Nifty Future else no problem.  After some consolidation there may be an upmove taking place.

Update On Nifty Spot

Close below 7923.85 will be negative and close above 8047 will be very bullish.