Murrey Math and Options data based position - EOD 24th Jan, 2014

F&O Cues

F&O Cues Updated.

Update

Expiry position square off now in picture.  Some extra volitility may start with RBI policy on 28th, Jan, 2014.   Below 6316 Nifty Spot close is weak.

Update

JAN 6400 PE triggered buy and made a high of 135 so far.

Update

Nifty Future Trading below Series Fair value 6288 which is weakness, and will remain  weak below it.

2 P.M

Update

Jan CE6200 Made a high of 109.3 (First Target almost Done)

Fresh Call

Buy JAN CE6200 CMP 97 S/L 86 Target 111 / 120

1 P.M

Update

Today as long as Nifty Spot is trading below 6316 the bias has turned negative and break below 6240 will confirm bigger drop 

Calls for the day

Buy JAN CE6200 above 111 target 122/144 S/L 94
Buy JAN PE6400 above 124 target 146/158 S/L 113

12 Noon

Update

Buy PE6400 above 124 target 146/158 S/L 113

11 A.M

10 A.M

Update

Day bear S/L hit. Bearish Views for the day. Raising wedge broken.

Update

Manage Trades with Pre-Market Levels. Nifty and Banknifty Keyvalues incorporated.

Pre-Market Levels For 24th January , 2014 Working

Nifty Spot [6048  -  6315]
6377                 Day Bear S/L
6353                 Day Shocker
6346                 Long Above / Short Below
6314                 Day Bull S/L
6299                 Week Bullsh Above
6261                 Month Shocker
6239                 Week Shocker

Nifty Future (--6138/6278 - 6360/6399++ as Par FnO cues)
6409                 Sell All
6371-6373        Stiff Resistance
6346-6354        Stiff Resistance
6334                 Resistance
6322-6327        Strength Above
6308-6313        Buy Holding above
6301                 Best Support
6281-6290        Fair Value - Series / Good Support / Sell All below

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Banknifty Spot [10658- 11129]
11289                Day Bear S/L
11284                Month Shocker
11249                Day Shocker
11199                Long Above / Short Below
11109                Day Bull S/L
11062                Week Bullsh Above
10841                Week Shocker

Banknifty Future (--10817/11064 - 11209/11278++  as Par FnO cues)
11317                Resistance
11218-11265     Stiff Resistance
11188                Series Fair Value / Strong Support / Weak Below
11137-11184     Good Support Zone / Resistance Zone
10983-11100     Strong Buying Level / Sell All below