F&O Cues

F&O Cues Updated. Data not very comforting.  Two way positioning, so market may see lower levels and recovery from lower levels.

Murrey Math and Options data based position - EOD 10th Feb, 2014

Nifty Spot EOD Chart

6005-6030 Strong Buying zone for nifty Spot in case it opens lower tomorrow. Two trendline supports visible.

Update

Predicted "Trend reversal at open" in F&O cues yesterday.

Update

Today we are getting the 2nd NR4 day(consecutive) in Nifty. It may be obviously slated for range breakout tomorrow.

3 P.M

Nifty Spot Update

Inverted H&S or C&H shaping up well to fill the gap for nifty spot between 6098-6111 immediately.

2 P.M

1 P.M

PE update

Look to exit Nifty 6100PE if taken postion CMP 112.

Update

6063+ EOD Closing will lead to next level Spot i.e. 6113 as par options data and EOD close below 6063 will be weak and may go down towards 6001. One trendline on hourly chart is broken, so the present correction is correcting the entire last rise.

12 Noon

Update

Nifty Spot is now making a Base around 6050 level and an inverted H&S is happening targetting about 6110-6120 levels immediately. Weakness below 6050.

Update

Use Pre-Market Level Values to trade Nifty Future.

Alternate Call

If no fresh low below 6051.30 Nifty Spot is made the alternate call would be as follows :
Buy CE 6000 above 142 S/L 130 Target 161/172/183

Update

Please go through our Stocks and Commodities Blog for decision making on Key stocks and Commodities.

11 A.M

Calls for the day

Buy 6100 PE @cmp 107.5  S/L 93 Target 120 / 127
Buy 6000 CE @115-122 S/L 105 Target 139 / 142 - Revised

10 A.M