F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 16th Jan, 2014

Nifty Hourly Chart

42 Hours - from 6358.3 - 6139.6
34 Hours - from 6139.6 - 6346.5
Nifty has 6 more Hours to clear  6358.3 in faster retracement - so there is hurry ?

Picture is different from Nifty Daily Chart

Update

Both 6200 CE and 6300 PE have saved their respective S/L's i.e. 95 and 39 respectively.  Nifty is in an uptrend till today.  Closing in balance and above 6300.

3 P.M

Update

6 days - from 6358.3 - 6139.6
4 days - from 6139.6 - 6346.5
Nifty has 2 more days to clear  6358.3 in faster retracement - so no hurry ?

Update

Today's high and low crucial for deciding the upcoming trend.  Tomorrow, if we trade above day's high (6346.5 Till Now)  -bullish and if we trade below today's low (6299.85 till now) - bearish.  The weekly trend will assert tomorrow being EOW.

Update

Till Last hour Lower High - Lower Low is going on for Nifty, which indicates hourly downtrend, whereas main trend in daily is up by way of Higher High and Higher Low in daily chart.  One can keep an eye for hourly Higher High and Higher Low for change in Hourly trend or Lower High and Lower Low for continuation of hourly downtrend.  

Nifty Hourly Chart

Price have broken below the crucial Trendline once again and sustaining below it would confirm negative options.

Update

122-127 6300 CE may be bought again with original S/L of 95 or sustaining  above 138 it may also be bought back.

12 Noon

Daily Chart of Nifty Spot - Another alternate count chart

Update

Keep the Day S/L at 138 for CE6200 and PE 6300 has 39 as S/L anyway.

Update on Nifty Future

Nifty Future Strength above 6340 and weakness below 6316. Trading in between.

11 A.M

Update on Nifty Spot

Nifty has started the day without hitting the bull (6288) or bear S/L (6354) yet for the day.  Now what can be expected?  Mostly rangebound moves expected and anytime during the day it should hit either the Bull or Bear S/L and bounce from there. If a breakout or breakdown happens we shall see accordingly.  Now Sell High and Buy low till breakout.

Watch out break of 6321 for going to bull stop loss (6288) or holding it for reaching the Bear Stop Loss (6354).

10 A.M

Update

For Uptrend confirmation Nifty had to continue doing Higher Highes and it has done that today as well.  We will consider trend reversal at a close below previous day low or first sign as and when we see a failure to do a higher high.

Update

Nifty Future Faced initial resistance near 6351-6361, the stiff resistance zone.

6300 CE couldn't cross 171 Level yet
6200 PE suvived S/L of  39 and bounced from 45.75 to 59.80.

Pre-Market Levels For 16th January , 2014 Working

Nifty Spot [6142  -  6283]
6354                Day Bear Stop Loss 
6288                Day Bull Stop Loss
6181                Week Trend Decider Level

Nifty Future (6130 - 6343 as Par FnO cues)
6407                  Sell All
6368-6374         Sell Zone  / 6368 - Week T1
6351-6361         Stiff Resistance / Sell Zone
6335-6345         Sell Zone
6314-6325         Support / Sell Below / 6318 - Day Shocker Level / 6316 - Week Trend Decider
6282-6292         Good Support / More Weakness below
6273                  Trend Deciding Value  - Series
6252-6262          Buy All

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Banknifty Spot [10815 - 111062]
11126                Week Trend Decider Level
11222                Day Bear Stop Loss 
11029                Day Bull Stop Loss

Banknifty Future (10794 - 11168  as Par FnO cues)
11234-11262     Stiff Resistance
11221                Trend Deciding Value  - Series
11173-11218     Sell All 
11125                Week Trend Decider
11066-11114     Good Support
10969-11000     Support / 10985 - Day Shocker Level
10882-10910     Support
10810                Buy All / Strong Support