Update

Calls for 27th Mar, 2014 Updated in Stocks Blog.

F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 26th Mar, 2014

Update

Today's High (6627.45) and Low (6580.6), will be crucial for tomorrow's trade. One more high may be pending tomorrow.

Update

Good pullback 0-x line holding yet.

Update

6560 Nifty Future will be important as Nifty was always thrashed  below it.

Update on Nifty Spot

                                   Caution with longs.

Update on Nifty Spot

6573.9-6623.25 = 49.25 so next move can happen to  6607.55+49.25 = 6656.8 .  The assumption is also that 6607.5 would hold, if Nifty makes another lower low the calculations may be done using that low. We need to see that the raising T/L's are holding.

Update

However our lookout would be break of the support trendline(s), if that happens. Until then continue to ride the long positions.

Nifty Spot

                        Seeing a probable raising wedge? Caution starts from today ?

Some Targets for Nifty Spot

First target range for   Nifty Spot 6617.5  -  6623.6 (Done)
Second target range for  Nifty Spot 6633.58 -  6637 (Not yet Done)
Third target range for   Nifty Spot 6655    -  6657.1 (Not yet Done) / Strong Resistance
Fourth target range for  Nifty Spot 6683.95 -  6691(Not yet Done) / Also 6695 Week T1

Gaps near expiry is not a good thing.  Very Fast and high volatile moves may be seen today.

Nifty Spot

                   Watch out the support trendlines and the resistance line near 6648-6655 for today.

Pre-Market Levels For 26th March, 2014 Working

Nifty Future [6573-6594-6634 as par FnO Cues]
6684                                                                     Sell All
6658-6667                                                            Strong Resistance / 6659 - Sustain Above is crucial
6643-6647                                                            Sell Zone / Buy Above
6622-6629                                                            Key Zone
6600-6611                                                            Support / Buy Zone / Sell Below
6586-6589                                                            Buy All / Sell Below
6574                                                                     Last support

Banknifty Future [12384 - 12464 - 12540- 13028 as par FnO Cues]
12748-12836                                                        Sell All / 12776 - Week T1
12662-12713                                                        Strong Resistance
12581                                                                   Sustaining Above crucial
12574-12583                                                        Key Zone
12469-12535                                                        Support / Buy Zone / Sell Below
12377-12446                                                        Buy All / Sell Below
12194-12241                                                        Last Support