F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position

F&O Cues

F&O Cues Updated.

F&O Cues

F&O Cues Updated.

F&O Cues

F&O Cues Updated.

Hourly chart for Nifty Spot

Double Click to enlarge and view.

Observation

As can be seen from the Nifty Key Values

Nifty Future has 
6161.5                  Week Stop Loss has been defended sucessfully by Nifty Future till today
6147                     Week's can't break level has been defended

Nifty Spot  has 
6108.5                  Week Stop Loss has been defended sucessfully by Nifty Spot till today
6089                    Week's can't break level has been defended

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As can be seen from the Banknifty Key Values

Banknifty Future has 
10887                  Week Stop Loss has been defended sucessfully by Banknifty Future till today
10824                   Week's can't break level has been defended

Banknifty Spot  has 
10857                 Week Stop Loss has been defended sucessfully by Banknifty Spot till today
10804                  Week's can't break level has been defended

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Holding the above values with the support of the wave structure Nifty is likely to attempt 
6249+                 in Nifty Future
6224+                 in Nifty Spot (6181 is the Week Trend Deciding level)

and similarly Banknifty is likely to attempt

11265.5+           In Banknifty Future
11174.35+         In Banknifty Spot (11171 in the Week trend deciding level)

NR4 day today or continuation tomorrow may be useful for it. Let us see what F&O cues do we get.  The rally if it happens will be needed to be sold closer to 6300 for nifty and 11500 for Banknifty.

Nifty and Banknifty both Sucessfully made NR4 day today. Now Infosys result, IIP and inflation data etc. will be the cue. One more NR4 can't be ruled out for tomorrow.

Recovery above the Crucial Trendline will become increasingly difficult upon each passing day.

Update

Caution is required for Carrying over Long positions for next 3/4 months for Nifty.  Intraday trading is better.

Update

So, long as 6156 is intact or holding for Nifty Spot one can buy in Dips for 6200 to be attempted by Nifty Spot by EOD.

1 P.M

Update

We have very clear cut case for long (6197+) or Short (6156-) for Nifty Spot today. Rest of the day we can count the waves.

12 Noon

Update

On the flip side the Bear Stop loss of 6197 hasn't been taken by Nifty Spot yet.

Update

Nifty Future has failed to break 6147, the crucial weekly breakdown level and failing which weekly target becomes 6308.

Update

6197 is Bear Stop Loss and 6127 Bull Stop Loss. Chances of Nifty Spot attempting 6213-6228 range is very high if bear stop loss is taken out @6197.

Update

Nifty and Banknifty Key values Updated.

10 A.M

Nifty Spot Update

Above 6182, 6223 is the Target for Nifty Spot today else below 6156, 6127 is the Target.

Pre-Market Levels For 8th January , 2014 Working

Nifty Spot [ 6141 - 6236 as par F&O Cues]
6297   Week Main Resistance Shocker Level

6191   50 DMA and Next supports are below 6000 Level. 

6181   is week trend decider Level
6176+ Nifty Spot will gain strength
6125  Should be the Key value for Nifty Spot today

Nifty Future [6016 - 6383 as par F&O Cues]
6251-6258     Sell All
6233               Resistance
6216-6225     Sell Zone
6185               Weak Below
6165-6173     Support / Sell below
6147-6152     Support / More Weakness below
6147              Week's must break Level for more bearishness
6130-6141     Big Support / Sell below
6117               Week T1
6105-6114     Buy Zone / Big Support
6082               Month T3

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Banknifty Spot [11002 - 11172 as par F&O Cues]
11359   Week Main Resistance Shocker Level
11211   50 DMA and 11150 is 200 DMA
11171    is week trend decider Level
11028+ Banknifty Spot will gain strength

10921  Should be the Key value for Banknifty Spot today

Banknifty Future [10778- 11434 as Par F&O cues]
11364               Sell All
11258-11272   Sell All / Buy Above
11214              Stiff Resistance
11160              Resistance
11039-11109   Weak Below
10957-10976   Support /More Weakness below 
10871-10885   Further Weakness below / 10885 Month T2
10824             Week's must break Level for more bearishness
10695             Week T1
10677             Big Support 
10544             Buy All