Murrey Math and Options data based position

         Nifty Future
         6085-6124-6163-6202-6242-6281-6321

         Nifty Spot
         6192, 6220, 6246, 6295 and 6334  Resistances
         6072-6088, 6136, 6207 and 6279 Supports

        Banknifty Future
        10868-10921-10973-11026-11078-11131-11183-11236- 11289- 11343-11396-11503
  
        Banknifty Spot
        11099, 11146, 11220, 11285, 11360 and 11410 Resistances
        10746,10875, 10920, 10974, 11043 and 11087 Support 

F&O Cues

F&O Cues Updated.

Nifty Spot EOD 6/1/2014

         Trendline Resistance 6240-6250. Below 6148 Weakness confirmed for Lower Targets.

3 P.M

Nifty Spot Update

Not Breaking 6247 will give bullishness to Nifty Spot to atttempt 6308 this week.

Update

Closer to 6200 one should look to book profit in the Nifty Future Call.

2 P.M

Update for Nifty Spot

Break below 6164 only weakness may be seen in Nifty Spot and  6163 breaks one can hope for even 6123 but without that happening we have to be prepared for a bounce tomorrow sometime.

Call for Nifty Future

Sell @6216-6122 SL - 6236 Target1 - 6199 Target2 - 6179. 

High Volatility expected here as Nifty Future attempting to break 6200, which is big support. High Risk Call w.r.t risk reward for today.

Update for Nifty Future

Holding below 6212 Nifty Futures autometic Target become 6170-6180 range only above 6235 bearishness may be negated.

Update

Unlike the Spots, Futures haven't completed the Lower low between Nifty and Banknifty yet. So, some more weakness may continue. 

Update

As given in my 12:18 P.M update Nifty has not broken 6171.25 for a lower low.

Nifty Future

Back to 6220 mentioned in the Pre-market Crucial Support which may pave way to 6193-6201

Update

Nifty Spot
6148 must be broken this week for Lower Weekly Targets and 6181 is the Week trend deciding level as par Nifty Key Values.

Banknifty Spot
Banknifty Spot has immediate resistances at 11110 and 11161 and support at 11045 and 10967. 11171 is the Week Trend deciding level as par Banknifty Key Values.

Update

     Below 6208/6198 Nifty Spot has Support Near 6139 and 1st resistance is 6216 on closing basis.

Update

Banknifty has made a lower low in daily chart so it is expected that Nifty should follow suit during the day and test lower low below 6171.25 today or tomorrow.

12 Noon

Update

ICICI Bank, Infosys, Reliance, State Bank, Tata Motors and Tata Steel Weekly Values Updated in Stocks Blog.

Stocks  and Commodities Blog Charts Updated.

10 A.M

Nifty Future Update

Price got sold off from the Pre-market Strong Resistance 6237-6247 and now at a crucial Support of 6220 and weakness will be below 6220 level for 6193-6201 Level.

Update

Swing traders have not been disappointed,  price got back the lower levels again.

Update

Stocks and Commodities Blog Updated.