F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 20th Feb, 2014

Nifty Spot EOD 20th Feb, 2014

Price movement confirmed as anticipated  yesterday. We are into d -leg of the upward B-leg of X-wave in the form of a diametric. Price has also confirmed by closing below 6125. Now d-leg of diametric is the most complex leg normally. The diametric can be bow-tie or diamond. If Diamond prices may move towards 6020 else price may get support near 6070 level and return back close to the earlier high and may again fall towards 6100 one more time. Let use see.

Update on Nifty Spot

Diametric d-leg now got confirmed.

2 P.M

1 P.M

12 Noon

Update

Only close below 6125.75 can confirm weakness in Nifty else C-leg up may continue and not over.

11 A.M

10 A.M

Update

Close below 6125.75 today will confirm d-leg of diametric have commenced & then buying may be delayed else by in dips continues.

Update

Trade the levels Charts can adjust.

Pre-Market Levels For 20th February, 2014 Working

Nifty and Banknifty Highly Overbought in Hour / Day and hence some weakness / consolidation expected during the day.    6117 will continue to be the level for the month and 6142 for the week for Nifty Spot.

Nifty Spot  
6353                                                Month Shocker
6183                                                 Day Bear S/L
6153                                                 Long Above / Short Below
6147                                                 Day Shocker
6142                                                 Week Trend Decider 
6123                                                 Day Bull S/L
6110                                                 Crucial support
6046.83                                            Day SAR
6025                                                 Week Shocker

Nifty Future
6204                                                  Week T3
6190-6202                                         Sell All
6186                                                   Stregth if closes above EOD
6170-6180                                         Sell All
6159-6165                                         Strong Resistance / Crucial For Month for more upsides
6146-6152                                         Weakness Below
6130-6138                                         Good Support / Sell More below
6115-6123                                         Buying Level  
6104-6110                                         Support                                                          
6070-6086                                         Buy All

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Banknifty Spot
11536                                               Month Shocker
10849                                               Max High Week
10708                                               Week Trend Decider 
10697                                               Day Bear S/L
10610                                               Long Above / Short Below
10599                                               Day Shocker
10522                                               Day Bull S/L
10287.08                                          Day SAR
9995                                                 Week Shocker

Banknifty Future
10696-10720                                     Sell All / 10720 - Month T2
10603-10643                                     Strong Resistance / 10643 Week T3 (Done)
10546-10585                                     Support Zone
10514-10526                                     Buying Level /Sell Below
10420-10454                                     Buy Zone
10361-10389                                     Strong Support
10276-10360                                     Buy All