F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 11th Feb, 2014

3.30 P.M

NR4 / NR7 and NR14 in Nifty & Banknifty today

 Buy  >  6,084  Target  6,141                                     Buy  >  10,299  Target  10,456 
 Sell <   6,051  Target  5,994                                     Sell <  10,199  Target  10,041 
are the levels for tomorrow.

                 

Slight Dilema

If Nifty breaks 6017 tomorrow then it could be unfinished first leg's e-leg  of corrective X continuing and if it breaks above 6080 the first a-leg of x-was complete near 5933 and b-leg has unfolded.  Buy on dips continues though.

3 P.M

2 P.M

Update

Below 6059 Nifty Spot Weakness.

1 P.M

Nifty Spot Hourly Chart

Broadly breakout above 6080 should give 50-60 points and breakdown below  6020-6030 may give similar points.

From Pre-Market View

Nifty Future
6149                              Sell All / Buy Above
6123-6128                     Sell Zone / Buy Above
6113-6116                     Sell Zone / Buy Above
6094                              Strength Above                                                             - Got Sold off here
6079-6086                     Sell Zone
6063-6073                     Resistance / Buy Above                                               - Got Support Here
6054-6056                     Weak below
6034-6041                     Consolidation / Support
6017-6025                     Most Important / Sell if closes below
5996-6007                     Strong Support
5976-5983                     Buy All

12 Noon

Update

Keep the Pre-market levels open in a seperate tab for referencing.

11 A.M

Update

Keep the Pre-market levels open in a seperate tab for referencing.

Short story of Nifty Spot

Time theory suggests that we are in the larger X-wave down or G-wave diametric of which one leg down completed from 6355.6 - 5933.3. Now an  upmove is happening correcting the 8 days fall from  6355.6 - 5933.3 and it may retrace 38.2 % (6095) / 50% (6144) / 61.8% (6194) / 80% (6271)/ or more in case of flat) of the last downmove over a period of 8 days or more.  After this upmove another downmove will come as the last leg(or more) to complete the correction.  If the correction holds 5614 (Approx), this will confirm as X-wave corrective else it will have to be treated as G-leg down and then it may even touch 5000 levels.

10 A.M

Update

Keep the Pre-market levels open in a seperate tab for referencing.

Nifty Hourly Chart

Test of one /both the uptrending lower trendlines may be expected.  But overall trend may remain up for atleast another 3 days or more. Break of 6080 will be positive.

Update

                          Open         High          Low
7-Feb-14          6,077.65   6,079.95    6,030.90 
10-Feb-14        6,072.80   6,083.05    6,046.40 
11-Feb-14         6,072.45 6,080.05 6,053.25 (till Now)

Last three days story! Same open / High / Low (Almost). Consolidation evident.

Update

Nifty Spot if stays below 6059 weakness remains.

Update

Weakness only below 6059 Nifty Spot.

Pre-Market Levels For 11th February, 2014 Working

Nifty Spot
6353                              Month Shocker
6144.45                         Day SAR
6139                              Month Target 1
6117                              Close above and sustaining vital for Month / Stiff Resistance
6114                             Week Shocker
6089                             Day Bear S/L
6059                             Day Shocker
6053                             Long Above / Short Below
6022                             Crucial support
6018                             Day Bull S/L


Nifty Future
6149                              Sell All / Buy Above
6123-6128                     Sell Zone / Buy Above
6113-6116                     Sell Zone / Buy Above
6094                              Strength Above
6079-6086                     Sell Zone
6063-6073                     Resistance / Buy Above
6054-6056                     Weak below
6034-6041                     Consolidation / Support
6017-6025                     Most Important / Sell if closes below
5996-6007                     Strong Support
5976-5983                     Buy All

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

Banknifty Spot
11536                         Month Shocker
10596.18                    Day SAR
10372                         Day Bear S/L
10265                         Day Shocker
10263                         Long Above / Short Below
10203                         Week Shocker
10154                         Day Bull S/L

Banknifty Future
10539-10555              Sell All
10320-10334              Strength Above
10230-10286              Resistance / Weak Below / Buy Above
10101-10173              Big Support / Buy Zone
10075                         Buy Zone / Weak below / Most important
9844-9883                   Buy All