Update

RBI Policy is on 28th Jan, 2014  11 A.M.

Murrey Math and Options data based position - EOD 21st Jan, 2014

F&O Cues

F&O Cues Updated. Positions created both sides. High volatility likely tomorrow.

Update for Nifty Spot

                            As long as 6275 holds there are positive options left for Nifty.

Update

However both the Nifty 6400 CE buy calls have worked for us Yesterday and today.

Update

While forming topping pattern market will try to ensure the trader is in distress with volalility. So that when the Major move comes ......

Update

If Nifty Spot closes above 6315 it will be bullish for tomorrow's opening

Update

6400 CE 145 Done. Exit 

2 P.M

Call for the day

Buy nifty CE6400 CMP 134 S/L 122 target 145/161

1 P.M

12 Noon

11 A.M

Update

Nifty Spot stayed above 6304( See Pre-market Levels), which was my long above level for Nifty Spot and Nifty Travelled up 6328.8 from there.  However nifty has to hit and remain above 6343 Spot do anything great for the day. Below 6304 weakness will creep in.

Update

Nifty and Banknifty Key values updated.

10 A.M

Update

      Lot of Resistance.  Ranges contracting.

Pre-Market Levels For 21st January , 2014 Working

Nifty Spot [6058  -  6313]
6343                 Day Shocker
6338                 Day Bear S/L
6304                 Long Above / Short Below
6275                 Week Bullsh Above
6269                 Day Bull S/L
6261                 Month Shocker
6239                 Week Shocker

Nifty Future (6137 - 6331 as Par FnO cues)
6407                      Sell All
6366-6370            Stiff Resistance / Sell Zone
6350-6360           Day Shocker Level / Stiff Resistance / Buy above
6323-6328           Resistance / Support
6303-6309           Weakness Below / Support
6286-6295           More Weakness Below / Support
6279                    Series Fair Value
6261-6265           Strong Support
6245-6255           Buy All

----------------------------------------------------------------

Banknifty Spot [10580 - 11025]
11284                Month Shocker
11105                Day Bear S/L
11074                Day Shocker
11105                Day Bull S/L
10949                Week Bullsh Above
10841                Week Shocker

Banknifty Future (10717 - 11056  as Par FnO cues)
11378-11400     Sell All
11297                Strength Above
11189-11218    Stiff Resistance
11060-11092    Strong Above
11022-11041    Support
10925-10956    Good Support
10819-10880     Strong Support
10548                Buy All