Reference Table - Based on Murrey Math Line and Derivatives Data

    Observation (How to Read the above table):
  
    Nifty Future crossing 6360.5 will try 6400
    Nifty Future breaking 6321  will try 6281.5
    ----------------------------------------------------------
    Break of 6311 will take Nifty Spot to 6399 as
    next Resistance Level
    Break of 6290 will take Nifty Spot to 6231 as
    next Support Level

F&O Cues

F&O Cues Updated.

Nifty Future Support has risen to 6334 for tomorrow and  6368 is the last resistance  for Nifty Future.

Update

Now we have a NR4/NR7 and NR14 day in Both Nifty and Banknifty. 70 Points should be happening tomorrow.

3 P.M

Update

Exit longs in Nifty Future CMP 6363

Update

Exit longs in  Banknifty future  CMP 11500

Call

Buy Nfity Future  CMP 6356 with 6345 as S/L target 6370
Buy Banknifty Future CMP 11471 with 11440 S/L Target 11510

Update

Entering the Last 1 1/2 Hours bracket. This timeframe some moves may happen if at all.

2 P.M

Update

Patience is the key. Since Nifty have rested in peace for 2 days. It may wake up and move the minimum 70 points tomorrow. Broader Market is performing.

Stock Calls

Stock Calls given in Stocks Blog

12 Noon

Update

Today Nifty (Once again) and Banknifty both are forming an NR4/NR7 and NR14 day.

OI data indicating Banknifty Traders are bearish

Update

Nifty Future got sold off predictably near the strong resistance zone (6365-6376) and got bought in the buy zone (6338-6346) initially (As given in the Pre-market).  .

Update

Nifty Future working out at the upper end of the band of F&O Cues, Level provided in Pre-market. 6352 will remain trend decider for the day.

NR breakout is above 6319  and breakdown is below 6285 for Nifty Spot.  Momentum can pickup above or below those levels.

NR days are often followed by another NR day.  Let us see what is in store.

1st Hour is over, we will more closely watch the last hour or two.

Update

Nifty and Banknifty Key Values for the day updated.

10 A.M

Update

Triangular behaviour buy low and sell high to continue. Nifty has to be sucessful in closing above 6322 for more upsides.  Indian market is now getting overbaught and getting due for sharp correction. Macros are weakenig day by day and elections are round the corner. Will it be after this result season ?

Pre-Market Levels for 1st January , 2014 Working

The observation is that like 6200 last month,  Nifty Future base support is at 6300 this month and sustaining much below 6300 is difficult as par FII derivatives data and sustaining  much below it 
continuously may lead to 6100 Levels.

Nifty Future [6254-6352 as par F&O Cues]
6432                    Month T1
6417                    Sell All
6402                    Important Month Target
6394                    Resistance
6365-6376           Very Strong Resistance / Sell Zone
6352                    Strong above
6338-6346           Buy Zone / Sell Below
6308-6316          Good Support
6292-6302          Buy All
6281                   Big Support

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

Bank Nifty Future [11300-11475 as par F&O Cues]
11853                  Month T1
11707-11738      Sell All (11738 Important Month Target)
11634-11662      Sell Zone
11514-11561      Very Strong Resistance
11473                  Strong Above
11436-11446      Support
11364-11396      Big Support / Sell Below
11316                 Weak Below
11211-11230      Buy All