F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 17th Jan, 2014

3 P.M

Update on Nifty Positional CE / PE

Postional Stop Loss @95 has been hit for Nifty CE6200 and this call is now out.
PE 6300 is now comfortably on and has made a high of 87 from 49.05.

Update

Now we shall look at quicker retracement of 6139.6 i.e within 5 days for the bigger downmove to confirm as anticipated by me since long.

2 P.M

Update

Considering the risk involved one may look to exit the call @cmp 6296

Nifty Future Call - High Risk

Buy Nifty Future @CMP 6292 S/L 6282.35 target 6310

Retracement Table for Nifty Spot

Nifty Spot Real weakness may come below the earlier Chinese Wall i.e. 6260-6270 of resistance turned support.

Update

6300 Nifty Spot and 6320 Nifty Future has big Sell Volumes and scaling above them would be diffficult for the day.

Update

Update

                              Trendline broken as of now

Update

Update

Weakness in evident the confirmation will be close below 6299.95 today EOD. Bull Stop Loss has been hit but 6282 is the big support for the day for Nifty Spot and 6272 for Nifty Future.

Update

We have hit the channel bottom and the crucial lower trendline. If some supporting activity has to happen it should happen in this zone. 

12 Noon

Update on Nifty Future

6320.5 There is a Huge Sell Volume for Nifty Future Today.  Please consider 6320.5 as the crucial levels for the day i.e. weakness may continue in Nifty unless 6320 + is conquered by Nifty Future.

With this view caution should be observed for long positions.

Update for Nifty Spot

Now that one downside target has been met we can buy Nifty here with a S/L of 6286 - Day Bull S/L for the Upside Target of 6316 / 6334.  

Update

As par expectation first downside Target is met 6295.4, as suugested below 6316 Nifty Spot the bias was short (See Previous Post).

11 A.M

Nifty Intraday 30 Min Chart

Below 6300 Nifty Spot weak

Update

What is clear is that another 18 to 42 points move pending for Nifty till EOD.  Whether it will be done by doing 9-21 points extension in each side or one side is the question. 

 So, let  us conclude that minimum 6295.4 or 6336.1 is likely for Nifty Spot and it will be reasonable to expect 6283.4 or 6348.1 as well by EOD today.  Keep 6316 as the Key Level for bullish or bearish views.

So trade accordingly.  Watch the Trendlines in the chart given before in the previous Post. 

Update

Nifty and Banknifty Key Values Updated

10 A.M

Option Calls update

6300 PE has survived S/L 39 till now. 
Below 149, 6200 CE will remain weak and holding 131 is vital.

Update for Nifty Future

6364.88 Day Bear Stop Loss
6330 + only Nifty Future Positive 
6294.83 Day Bull Stop Loss

Update

EOD close will be important today being last day of the week. Any close below 6299.85 will be considered weakness for Nifty.  See the Chart below to understand the key issue for Nifty Spot today.

Update

Alongside Nifty Spot 6358.3 we have to keep in mind the same date  high for Nifty Future was 6408.7 and Nifty has this uphill task of crossing in 2 days for Daily chart and 6 Hours for Hourly Chart for affecting a faster retracement.

Update

Relatively bullish opening. Open and high being same for the Nifty Spot and Future.

Pre-Market Levels For 17th January , 2014 Working

Nifty Spot [6086  -  6294]
6369                  Huge Resistance
6352                  Day Bear Stop Loss 
6286                  Day Bull Stop Loss
6261-6269        Huge Support
6181                 Week Trend Decider Level

Nifty Future (6133 - 6340 as Par FnO cues)
6408                 Sell All
6374-6379        Stiff Resistance / Day Shocker Level
6351-6361        Strong Resistance
6326-6333        Resistance / Strength Above
6316                 Week Trend Decider
6309                 Good Support / Weak Below
6278-6287        Crucial Big Support
6277                 Trend Deciding Value  - Series
6257-6261         Last Support

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Banknifty Spot [10682 - 11047]
11284              Month Shocker Level
11189              Day Bear Stop Loss 
11134              Day Shocker Level
11126              Week Trend Decider Level
11020              Week Shocker Level
10996              Day Bull Stop Loss

Banknifty Future (10765 - 11128  as Par FnO cues)
11290               Sell All
11212-11218    Trend Deciding Value  - Series
11125-11143    Week Trend Decider 
11082-11091    Strong Support / Weak Below
10970-11015    Good Support
10877-10910    Buy All / Sell Below