Murrey Math and Options data based position

F&O Cues

F&o Cues Updated.

In next 7 days in Nifty Spot is unable to get above and hold the broken trendline, a larger correction in progress will be confirmed. Ofcourse this may still require it not to break 5983 without making futher Highes.

Update

ICICI Bank, State Bank, Tata Steel All working as par call given in Weekly view in the Stocks Blog.

Nifty Spot Hourly EOD Chart

Update

Close below 6170.25 (Two day Low)  will be a bearish close as par Technicals.

3 P.M

Update

              A 5 wave Fall and 3 wave corrective up done. Longs should be cautious.

Update

Rise and fall speeds are very high this swing. Volatility was expected. Now 6171 Nifty Spot needs to be defended by EOD to keep +ve bias at close.

Update

Nifty Future 6218 + Market will turn Bullish.

Update

Oversold Market bounce was expected, as informed before 11.45 A.M post.

Update

6218 + Nifty Future will be bullish.

Update

6178 Nifty Spot and 6218 Nifty Future will offer Strong resistance.

Update

Battle is likely for 6171 today Nifty Spot at EOD Close.   Volatility may rise.

1.48 P.M

Update

Banknifty Still doing lower low so Nifty will follow suit as it happened yesterday. Market leaves these cues to be picked up for understanding the next move.  

Yesterday Nifty spot did what Banknifty spot did, today morning Nifty Future did what Banknifty Future left cue yesterday.

Update

Tata Steel, SBI and ICICI Bank all looking weak.

12 Noon

Update

Weakness will remain till Nifty Spot keeps trading below 6171. Even if price recovers above 6171 there is a possibility for Nifty to attempt break and close below 6171 by EOD today. 

Oscillators are oversold so some bounce is not ruled out. 

6218 is the resistance for the day for Nifty Future.

11 A.M

Update

If Nifty Future doesn't break 6147 Nifty may attempt 6308 this week.

Please note for today if Nifty Spot can defend 6171 by Closing the options for the time being may be +ve.

Update

Nifty and Banknifty Key values Updated.

10 A.M

Update for Nifty Future

Tested the big support at 6185 Weakness may become prominent below it and holding the same may be alright.

Update

Some quick sell off .  6218 Will act as resistance for Nifty Future.

Update

Nifty Future has big support near 6218 and Nifty Spot near 6178, so dips to these levels should be buying opportunity with 6204 (Nifty Future) as Stop Loss.

Pre-Market Levels For 7th January , 2014 Working

Nifty Spot [6171 - 6250 as par F&O Cues]
6297   Week Main Resistance Shocker Level

50       DMA at 6191 and Next supports are below 6000 Level. 

6181   is week trend decider Level
6178   Main Support / Resistance for the Day

Nifty Future [6063 - 6369 as par F&O Cues]
6278               Sell All
6266               Strength Above
6243-6254      Sell Zone
6234-6238      Sell Zone
6218               Stronger Above / Stiff Resistance or Support
6206               Strength Above
6185               Strong Support / Very Weak Below / Week Buy Near Level with 6161.5 as S/L
6178               Month T2
6165-6170      Big Last Support  / Hold Shorts below
6147               Crucial Weekly Level

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Banknifty Spot [11015 - 11156 as par F&O Cues]
11359   Week Main Resistance Shocker Level
11205 - 50 DMA and 11159 is 200 DMA
11171    is week trend decider Level
11045    Main Support / Resistance for the Day

Banknifty Future [10823 - 11368 as Par F&O cues]
11311-11337    Sell All
11215-11239    Strong Resistance / Strength Above
11103-11130    Weak Below / Stiff Resistance or Support
10990               Week Buy Near Level with 10887 as S/L
10885               Month T2
10840-11878    Support Zone
10824               Crucial Weekly Level