Murrey Math and Options data based position

F&O Cues

F&O Cues Updated.

Update

After entire day dancing around Nifty is back to square one and at the same closing Price as Yesterday!

Update

Close below 6181 will signal Weekly Trend being turned down after some time for Nifty Spot. Banknifty spot is anyway much below the trend deciding level. 

* Infact Nifty and Banknifty Trend is turning down after 6 Weeks.

3 P.M

Update Nifty Spot

6181 Week's Trend Deciding level, more so it's important because this is the End of Week.

Update

Supported at 61.8%, Nifty Spot may be bought intraday above 6198 Once again for 15-20 Points upmove

Nifty Intraday Chart

Nifty Back to the earlier range and all possibilities are there to suggest that 3rd may have started. Max. possiblity for bulls will be to hold the range for a bit more time.

Update

Faster retracement has confirmed that the upmove from 6139.6 has been terminated.  No Long positions to be carried forward.

Update

Exiting the long positions is not a bad idea here or EOD. No need to carry any long positons in Nifty / Banknifty.

Update

Nifty spot is now 10 points short of 6246 the minimum weekly target (See Below post).

Reposting Yesterday's Post on Nifty Spot

Smallest weekly range has been 102-122 points and with the view that we have done about 80 points this week till now. We can expect a minimum of 22-42 Points and maximum of about 125 points till tomorrow in terms of range expansion.

So, 6122 or 6246 minimum sure shot and the lower target is easier to reach.

Update

NIfty Spot Should be limited to a Maximum of 6230-6242 today.

1 P.M

Update

6227-6232-6339, Should Resist Nifty Spot today if a futher rise happens.

Update

Update

Nifty Spot Key Trend Deciding level is 6181.
Holding above that Bulls are safe though First Weakness below 6198. 

Holding these buy on dips for the day. 

* Please note that no carry forward Long positions is better for next 3/4 months.

Update

Nifty Spot got resisted from the expected day trading range High at 6223

* See Nifty Key Values

Update

Nifty Future correcting from the stated resistance Level.  Nifty Spot 6198+  will be positive for the whole day. 

11 A.M

Update

Nifty Future approaching the heavy resistance Zone 6236-6247.

Update

1st leg of upmove completed at the day's high, now a correction of the first upmove going on.

Update

Banknifty has been supported near the day shocker Level. at 10886.  Shocker Levels are Strong Support or Resistances depending on where from the price are approaching them.

* See Banknifty Key Values

Update

Bear S/L Hit already now strength remains if Nifty Spot can sustain above 6198.

Update

Week Buy near Level was 6140 for Nifty Spot and the prices have been bought today near 6139.5.

* See Nifty Key Values

Update

Nifty and Banknifty Key values updated

10 A.M

Update

The Important levels for the day is Nifty Spot Bull Stop Loss at 6139 (Not Broken, low being 6139.6)  and Bear Stop Loss 6198. Watch them out for B.O / B.D can't rule out one more ranged day.

Update

Week S/L 6161.5 Triggered at the end of the week (Too Late to trigger?)!  May or May not give the big fall today. 

 Infy results are good. I had suggested that  Infy was looking good yesterday.

Update

Today also 6161.5 is important for Nifty Future as Week S/L (only issue being today is the last day of the week)  for more downside and 6140-6151 level should be crucial.

Pre-Market Levels For 10th January , 2014 Working

Nifty Spot [6219-6205-6176/6160-6130/6120-6055 EOD Close Important Above/Below]
6198                Day Bear Stop Loss 
6181                Week Trend Decider Level
6139                Day Bull Stop Loss

Nifty Future (5991 - 6099 - 6181 - 6262 - 6344 - 6374 as Par FnO cues)
6274-6279        Sell All
6236-6247        Sell Zone / Very Strong Resistance
6217                 Stiff Resistance / Buy More Above
6206-6208        Strength Only Above
6198                 Resistance
6173                 Weakness only Below
6162                 Sell Below
6140-6151        Strong Support / Sell Below (6147 Crucial Level to break)
6108-6118        Last Support / Remain Short below (6117 - Week T1)
6082                Month T3 / Buying Level
6059                Strong Support

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Banknifty Spot [10604-10766-10820-10900/10909-11173 EOD Close Important Above/Below]
11171             Week Trend Decider Level
11142             Day Bear Stop Loss 
10965             Day Bull Stop Loss

Banknifty Future (10665 - 10856 - 11002 - 11292 - 11346  as Par FnO cues)
11300-11320     Very Strong Sell Zone
11200-11220     Sell All
11110-11130     Stiff Resistance
11107-11032     Strength only above
10910-10970     Strong Support Zone / Stay Short below
10885                Month T2 / Support / Sell below
10850-10870     Support
10824                Weekly Crucial Level
10695                Week T1
10660-10680     Strong Support
10518-10551     Buy All (10518 - Month T3)