Tuesday, March 25, 2014

Update

Call for the day Updated in Stocks Blog.

F&O Cues

F&O Cues updated.

Murrey Math and Options data based position - EOD 25th Mar, 2014


Update on Nifty Spot

       A-leg or first leg of 2nd corrective is still on as EZZ- x -??. c-d-a resistance line needs to be watched on the top.

Update on Nifty Spot

Market is likely to attempt a close above 6600 by expiry. If we consider the move upto 6591.5 from 6481.35 i.e approx 110 points as a-leg after diametric-x, then the present corrective is the b-leg undergoing and thereafter c-leg will start. Only a break and close below the 0-x line can cause some worry, which is about 6515 or so this hour. Buy in Dips for expiry it seems. 

Update

6551 is the trend deciding level for the week for Nifty Spot, i.e above - bullish, below - bearish.

Update

Commodity Call for the day Updated in Commodities Blog.

Update on Nifty Spot

                        Watch out the 0-x red line from here, as the key support line.

Update

Reliance and ONGC are taking some hit.

Pre-Market Levels For 25th March, 2014 Working

Trade the levels Charts can adjust
Nifty Future [6494-6529-6576-6601-6618 as par FnO Cues]
6640-6645                                                                 Sell All
6621-6630                                                                 Resistance
6599-6608                                                                 Sell All / Buy Above
6581-6588                                                                 Consolidation Zone
6569-6576                                                                 Buy Zone / Good Support
6555-6558                                                                 Strong Support
6536-6545                                                                 Buy All / Sell below

Banknifty Future [12096 - 12257 - 12392- 12459 - 12491 as par FnO Cues]
12567-12631                                                              Sell All
12466-12489                                                              Sell Zone / Buy Above
12379                                                                         Support
12221-12282                                                              Buy Zone / Support Zone
12162                                                                         Support
12073-12123                                                              Buy All / Weak Below