Friday, November 28, 2014

Update on Nifty Spot

Nifty Nifty Spot holds 8554-8585 next target is 8622-8638 and 8750.

Nifty Spot Hourly Chart EOD 27th Nov, 2014

5th of a-leg of the third leg of upmove in progress. Within 5th 1 and 2 (probably) is complete and 3rd may be starting. Strength above 8534.65 (wave 1) will confirm the same else it may turn lacklustre.


Nifty Future Data Levels for 28th Nov, 2014

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Positive)
-- 8506-8517 / 8530-8540 / 8552-8557 / 8568-8577 / 8603-8617 / 8646-8653 ++ 

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Banknifty Future (Bias - Positive)
-- 18147-18178 / 18226-18245 / 18275-18307 / 18344-18398 / 18433 ++
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Thursday, November 27, 2014

Update on Nifty

Nifty is in a bit of mood for some time correction which may continue for a few more days. Tomorrow is Black Friday.  BTW tomorrow is also the month and week end and hence there is also a probability of Monthly and Weekly trend to assert, which are up. Bulls need to protect a close below 8465.3 (Nifty Spot) tomorrow.

Nifty Future Data Levels for 27th Nov, 2014

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Positive)
Expiry Blue Range -> 8418 - 8475.5 - 8533
-- 8456-8465 / 8473-8485 / 8499-8508 / 8513-8518 / 8532-8537 / 8548-8557 ++ 
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Banknifty Future (Bias - Positive)
--  17875-17905 / 17957-18015 / 18028-18075 / 18122-18203 / 18265 / 18363-18433  ++
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Wednesday, November 26, 2014

F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 25th Nov, 2014


Nifty Future Data Levels for 26th Nov, 2014

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Positive)
-- 8436-8444 / 8454-8465 / 8478-8489 / 8495-8505 / 8514-8519 ++ 
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Banknifty Future (Bias - Positive)
--  17931-17962 / 18019-18099 / 18132-18183 / 18205-18250 / 18281-18344 / 18382-18437  ++
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Tuesday, November 25, 2014

Nifty Future Data Levels for 25th Nov, 2014

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Positive)
-- 8520-8528 / 8540-8545 / 8554-8567 / 8577-8583 / 8595-8603 ++ 
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Banknifty Future (Bias - Positive)
--  18185-18232 / 18294-18361 / 18414-18452 / 18521 / 18574-18646  ++
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Monday, November 24, 2014

F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 24th Nov, 2014


Update on Nifty Spot

8536 plus if Nifty spot sustains then further upsides and 8498 must hold.

Nifty Future Data Levels for 24th Nov, 2014

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Positive)
-- 8511-8520 / 8530-8539 / 8548-8555 / 8563-8573 / 8603 ++ 
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Banknifty Future (Bias - Positive)
--  17890-17969 / 17992-18073 / 18091-18158 / 18203-18265 / 18309-18340 / 18415-18433  ++
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Friday, November 21, 2014

Update on Nifty Spot

Nifty Spot will face huge resistance from 8527 onwards in this month after crossing 8489 and Profit booking is expected in this zone.

Nifty Future Data Levels for 21st Nov, 2014

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Positive)
-- 8385-8391 / 8399-8407 / 8419-8425 / 8436-8442 / 8452-8465 / 8470 ++ 

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Banknifty Future (Bias - Positive)
--  17491-17557 / 15611-15653 / 17687-17741 / 17759-17803 ++

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Thursday, November 20, 2014

F&O Cues

F&O Cues Updated.

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


Update on Nifty Spot

Nifty must save 8340 on Spot.

Nifty Future Data Levels for 20th Nov, 2014

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Positive)
-- 8394-8405 / 8415-8427 / 8433-8443 / 8449-8458 / 8463-8470 / 8482 ++ 
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Banknifty Future (Bias - Positive)
--  17557-17623 / 15661-15696 / 17724-17774 / 17828 / 17844-17912 ++
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Wednesday, November 19, 2014

F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 19th Nov, 2014


Update on Banknifty Future

Banknifty Future Weak below 17724.

Update on Nifty Future

Today caution below 8449.

Nifty Future Data Levels for 19th Nov, 2014

Nifty Future (Bias - Positive)
-- 8414-8425 / 8432-8435 / 8449-8456 / 8462-8472 / 8488 / 8507-8511 ++ 

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Banknifty Future (Bias - Positive)
--  17557-17627 / 15718-15776 / 17788-17829 / 17878-17890 ++

Tuesday, November 18, 2014

F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 18th Nov, 2014


Update on Nifty Future

8419/8426 Key for the Week.

Nifty Future Data Levels for 18th Nov, 2014

Nifty Future (Bias - Positive)
-- 8414-8425 / 8437-8446 / 8464 / 8479-8488 / 8505-8516 ++ 
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Banknifty Future (Bias - Positive)
-- 17506-17540 /  17557-17623 / 15636-17689 / 15724-15776 / 17799-17819  ++
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Monday, November 17, 2014

F&O Cues

F&O Cues Updated.

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


Update on Nifty Future

8398 and 8419 are the too vital numbers.

Nifty Future Data Levels for 17th Nov, 2014

Nifty Future (Bias - Positive)
-- 8399-8409 / 8418-8425 / 8433-8441 / 8450-8465 / 8490-8500 ++ 
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Banknifty Future (Bias - Positive)
-- 17531-17588 /  17646-17675 / 15726-17755 / 15791-15853 / 17877-17914  ++

Nifty Spot Hourly chart EOD as on 14th Nov, 2014

Holding 8320.35 - 8346.80 zone, the 5th wave for the impulsive a-leg may commence from here. 8465 and 8535 are the two possible targets.

F&O Cues

F&O Cues Updated.

Friday, November 14, 2014

Update on Nifty Spot

4th /5th wave completion both in doubt and we may still be in 4th wave. Unless 8290.25 breaks in faster time for Nifty Spot nothing can be told for sure and chart may also be amended 
differently as well depending on price action. Overall as long as bias is positive(only changed  to negative yesterday, which needs to be followed up today) we remain positive about Nifty.

Nifty Future Data Levels for 14th Nov, 2014

Nifty Future (Bias - Negative)
-- 8366-8375 / 8390-8402 / 8416-8424 / 8427-8433 ++ 

Banknifty Future (Bias - Negative)
-- 17391-17425 /  17465-17491 / 15557-17623 / 15677-15722 ++

Thursday, November 13, 2014

F&O Cues

F&O Cues Updated.

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


Update on Nifty Future

If 8419 is recovered on Nifty Future Charts may change.

Nifty Spot EOD Chart as on 12th Nov, 2014

a-leg probably ongoing as 5 wave impulse and may terminate at any one of the following points 
8448 OR 8518 OR 8555 OR 8630 thereafter Nifty should retrace upto 8320-8340, if the labelling is correct. Whereas if the 2-4 line breaks from here then 5 would be considered completed confirmed by faster retracement of 8320-8340 range.

Nifty Future Data Levels for 13th Nov, 2014

Nifty Future (Bias - Positive)
-- 8372-8385 / 8394-8402 / 8412-8421 / 8427-8431 / 8439-8452 / 8457-8469 / 8486-8494 ++ 
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Banknifty Future (Bias - Positive)
-- 17537-17573 /  17648-17688 / 15718-17779 / 15790-15845 / 17894 ++
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Wednesday, November 12, 2014

Murrey Math and Options data based position - EOD 12th Nov, 2014


Nifty Future Data Levels for 12th Nov, 2014

Nifty Future (Bias - Positive)

-- 8363 / 8380-8390 / 8398-8411 / 8419-8426 / 8437-8443 / 8464-8473 ++ 
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Banknifty Future (Bias - Positive)

-- 17308 / 17359-17409 /  17453-17501 / 15544-15568 / 17599-17648 / 17689-16715 ++

Tuesday, November 11, 2014

Murrey Math and Options data based position - EOD 11th Nov, 2014


Update on Nifty Spot

8365 as stated earlier is the key resistance for Nifty Spot for sustenance Future up-moves.

Nifty Future Data Levels for 11th Nov, 2014

Nifty Future (Bias - Positive)
-- 8359 / 8383-8387 / 8396-8401 / 8417-8424 / 8437 / 8448-8457 / 8464-8478 ++ 

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Banknifty Future (Bias - Positive)
-- 17284 / 17334-17364 /  17379-17428 / 15445-15492 / 17545-17614 / 17648 / 17702 ++
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Monday, November 10, 2014

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


Nifty Future Data Levels for 10th Nov, 2014

Nifty Future (Bias - Positive)
-- 8356 / 8370-8383 / 8395 / 8409-8420 / 8427-8437 / 8455-8464 / 8478 ++ 

Banknifty Future (Bias - Positive)
-- 17333-17365 / 17392-17453  /  17512-17569 / 15600-15623 / 17671-17730 ++

Nifty Spot Hourly Chart EOD 7th Nov, 2014

a-leg of the third leg is likely to complete somewhere above 8400 (or may continue even), let us wait and watch. Nifty managing the OB situation with sidewise moves.  Strength remains holding above 8365.

Friday, November 7, 2014

Update on Nifty Spot

As and when Nifty spot starts trading above 8364 the bullishness will return. Short term bearish if EOD close for Nifty Spot is below 8323.5.

Nifty Future Data Levels for 7th Nov, 2014

Nifty Future (Bias - Positive)

-- 8371-8382 / 8387-8397 / 8408-8422 / 8427-8436 / 8460-8475 ++ 
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Banknifty Future (Bias - Positive)

--  17279-17293  /  17332-17359 / 17491 / 17547-17587 / 17605-17623 ++
---------------------------------------------------------------------------------------------------------------

Wednesday, November 5, 2014

Update on Nifty Spot

8364 onwards resistances may keep cropping up. 

Nifty Future Data Levels for 5th Nov, 2014

Nifty Future (Bias - Positive)
-- 8356 / 8373-8384 / 8407-8412 / 8417-26/ 8437 ++ 
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Banknifty Future (Bias - Positive)
--  17071-17108  /  17156-17178 / 17220-17235 / 17281-17325 / 17339-17364 / 17424-17452++

Monday, November 3, 2014

Update on Nifty Spot

Open interest suggests rangebound moves for the remaining part of the month 8200-8550/8600 seems likely. Nifty is quite overbought too.

Nifty Future Data Levels for 3rd Nov, 2014

Nifty Future (Bias - Positive)
-- 8336 / 8357 / 8373-89 / 8404 / 8420-26 / 8437-45++ 

Banknifty Future (Bias - Positive)
--  17051-96  /  17142-67 / 17241-81 / 17335 / 17378-401 ++

Hourly EOD Chart for Nifty Spot as on EOD 31st Oct, 2014

It seems the 3rd corrective has started with the ongoing a-leg since 7723.85, which was the termination point for another x-wave after completion of 2nd corrective and we are dealing with breakout from the muti-year ascending triangle since 5118.85.