Update

Stocks Blog Updated for Weekly Values.

F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 27th Jan, 2014

Update

Nifty Spot has prepared the ground for the following initial targets in Feb, 2014 with inbetween oversold pullbacks. 

Target1 = 6079.95
Target2 = 5985.45
Target3 = 5914.05

Let us see how far and how soon to find out what could be the next moves. Charts were suggesting this kind of correction expectancy since long.

Update

The confirmation for completion of the leg of upmove has come from 6118.85 as the market has broken 6139.6.  It was  told in the morning that since Banknifty broke the Month low same was also expected for Nifty. The same levels for NIfty Future (6156) and Sensex(20625.17) also should break.  As of now Sensex is yet to break it.

Update

Some double bottom bounce possible from here considering hourly oversold.

Nifty Spot Hourly Chart

Fall below G-leg starting 6139.6 will confirm completion of G-leg as failure and then we could look at bigger falls. If 6139.6 holds market may rally for extracting traingle last e-leg up to complete the G-leg of diametric.

2 P.M

Update

Bring S/L to cost for Nifty Future

1 P.M

Update

Nifty Future part profit Booking may be done @CMP 6185.

12 Noon

Update

Nifty Future may be bought here CMP 6174 S/L 6150 for 6200/ 6208/ 6217.

Update

Hourly Oscillators  are getting oversold. A bounceback can't be ruled out 2nd half /EOD or tomorrow.

11 A.M

Update

Banknifty has broken month Low and eventually Nifty should do the same. 

10 A.M