Murrey Math and Options data based position - EOD 23rd Jan, 2014

F&O Cues

F&O Cues Updated.

Neowave Extracting triangle

Nifty Spot - EOD Hourly

The raising wedge is visible or otherwise a and b legs are over and c-leg is on for an extracting triangle of the G-Leg of the diametric

3 P.M

Update

Banknifty CE1000 triggered and done first target.

Update

CE6400 Nifty has done 171 - First Target

Update

As mentioned in Pre-Market 6350 (Last Resistance for the day) Nifty Future will Resist and short covering above it.

2 P.M

Update

One can continue with the 6200 CE or buy near 145-148 once again as well since it didn't hit the S/L.

Update

Nifty Future at 6350 there is stiff resistance and short covering chances above it.  

* See Pre-market leves for Nifty Future

Update

Exit the call CE6200 Option  @cmp155 /6400  PE 77

Nifty Hourly chart without labelling

Looking a bit risky else extracting triangle possibility

Update

None of the options call have hit their stop losses. Usually these small range days one may trade 5-6 points on either side 3-4 times in a day. Only condition that S/L shouldn't be broken.

The other strategy could be buying close to S/L price and sell 8-10 Points above.

12 Noon

Update

Exit Nifty Future Longs CMP 6340

Update

Today trading could be quite tricky. 

11 A.M

Update

Buy Nifty Future CMP 6335 S/L 6319.5  Target 6268-6274

Banknifty Call

Buy Banknifty 11000 CE between  above 263 S/L 225 Target 282, 304, 332, 385

Calls for the day

Buy 6400 PE CMP 86     S/L 77 Target 98/102, 110/112
Buy 6200 CE CMP 143  S/L 131 Target 171/175, 182, 190

Update

Nifty and Banknifty Key values updated.

10 A.M

Pre-Market Levels For 23rd January , 2014 Working

Nifty Spot [6038  -  6338]
6371                 Day Bear S/L
6339                 Long Above / Short Below
6315                 Day Shocker
6307                 Day Bull S/L
6296                 Week Bullsh Above
6261                 Month Shocker
6239                 Week Shocker

Nifty Future (--6139/6296 - 6338/6350++ as Par FnO cues)
6408                 Sell All
6375                 Sell Zone
6345-6355       Strong Resistance
6334                Weak Below
6319-6328       Consolidation / Support
6300-6310       Good Support
6280-6290        Buy All / Series Fair Value / Sell All Below
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Banknifty Spot [10667- 11178]
11299                Day Bear S/L
11284                Month Shocker
11207                Long Above / Short Below
11116                Day Bull S/L
11072                Day Shocker
11062                Week Bullsh Above
10841                Week Shocker

Banknifty Future (--10846/11122 - 11197/11218++  as Par FnO cues)
11385-11456          Stiff Resistance / Sell All
11264-11307          Sell Zone
11192-11233          Resistance
11188                     Series Fair Value
11118-11145          Weak Below / Support
11042-11061          Support
10982-11000          Buy All