Reference Table - Based on Murrey Math Line and Derivatives Data

F&O Cues

F&O Cues Updated.

Update

Nifty and Banknifty Key Values revised and updated.

Update for Nifty Spot

one more low is expected near 6190-6200 range tomorrow and thereafter a larger bounce.

Update

Nifty Future (6240-6357 As par F&O cues) got supported now near the lower range 6246(day low) and bounced.

Update on Daily Chart

More or less confirmed that a new downswing has started

Update

Now a close below 6273.15 (Week low till yesterday) will confirm trend reversal.

Update

We had a warning in the form of Derivative Max limit being extended (6240-6357 As par F&O cues) and Banknifty not reaching the breakout level as Nifty. This was the point of contradiction.

Nifty Update

Nifty will litrally crash soon as discussed earlier as par time theory.  It may manage to hold for a week or two with the expectaion of the result season.

Update

Yesterday EOD  it was posted as

" Break of 6290 will take Nifty Spot to 6231 as  next Support Level" for Nifty Spot

and it has made a low of 6233.3 and met the NR4/NR7/NR14 Target on the opposite side after inital upmove!

Update

Nifty Spot has taken week Breakdown level too and have neutralized the bullishness created earlier by hitting the Monthly important target.

Update

This is a trialer of what is coming soon.

Nifty Future

Below 6300- Nifty Future is weak but is a strong support as well.

Update

Triangular behaviour continues today as well.

Swing Trading

Swing Trading alongwith the Elliot / Neowave Count and or patterns for best returns. Oscillators for OB/OS/ Divergence and MA's for confirmation and / or Support Resistance.

1 P.M

Call

Buy Banknifty  positionally S/L 11560(sustaining)  CMP 11640 Target 11738 / 11796 / 11853

12 Noon

Call Nifty Future

Buy Nifty Future Between 6373-6382 Target 6400 S/L 6365

Update

Weekly Shocker Level 6362 Crossing and sustaining above is the Key Job for Nifty Spot.

Update

Nifty has Confirmed

Since Nifty Spot has crossed 6343 it is but obvious that Nifty will now achieve the remaining monthly targets this month. 

Target 3 - 6495
Target 2 - 6417

Target 1 - 6368

Atleast 2 Targets should be achieved

Since Nifty Future has crossed 6402 it is but obvious that Nifty will now achieve the remaining monthly targets this month. 

Target 3 - 6588
Target 2 - 6492
Target 1 - 6432

Atleast 2 Targets should be achieved

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Banknifty Yet to Confirm

Again if Banknifty Spot  crosses 11599 (expected)  it will be obvious for Banknifty to achieve the remaining monthly targets this month. 

Target 3 - 12130
Target 2 - 11856
Target 1 - 11685

Atleast 2 Targets should be achieved


If Banknifty Future crosses 11738 (Expected) it will be obvious for Banknifty to achieve the remaining monthly targets this month. 

Target 3 - 12450
Target 2 - 12083
Target 1 - 11853

Atleast 2 Targets should be achieved

10 A.M

Update

Nifty and Banknifty Key Values Updated

9.40 A.M

                                   Nifty is mostly done for the day

Nifty Future Update

Nifty Future has achived one important target of 6402. 

Update

Falling wedge Target achieved Fast.

5 Min Chart - Nifty Spot

Nifty is forming a falling wedge 6281-6290 is very strong support and holding the same it may attempt 6330-6340 or more soon.

Pre-Market Levels for 2nd January , 2014 Working

Oscillation in tight range happening, Market waiting for next cues and holiday season is impacting the volumes.

EOD Close above 6311 Nifty Spot will try to reach 6400 with strong resistance between 6343-6361 (As of Now)

Nifty Future (6240-6357 As par F&O cues)
6417               Sell All
6397-6402      Stiff Resistance / Sell Zone
6375               Buy More Above
6356-6360      Strength Above
6340-6350      Good Support / Weak Below
6326-6334      Big Support/ Buy Zone
6312               Support
6290               Buy All

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EOD Close above 11439 Banknifty Spot will try to reach 11613

Banknifty Future  (11293-11490 As par F&O cues)
11725                   Sell all
11610-11634        Stiff Resistance
11566-11586        Strong Resistance
11503-11531        Strength Above
11461-11487        Strong Support / Weak below
11378-11418        Buy All / Sell Below
11289                   Big Support
11217-11237        Buy All