F&O Cues

F&O Cues updated.

Murrey Math and Options data based position - EOD 9th April, 2014

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It's about following the channel and /or Trendline now, as it has always been!

Update

Now 1st Target achieved.  For tomorrow sustaining above / close 6798 will be important.

Update

Caution here as we are near 1st Target.

Reposting earlier Post

Holding above 6725.15, Nifty Spot would target / Stop at one of the following targets in next 8 days and should not exceed 6945.8 during the present up-move and should follow up with more than  126 points correction thereafter.

Target 3  - 6881 / 6687 
Target 2 - 6833
Target 1 - 6798 (Almost Done now)


1st Target Almost Done.

Update

Banknifty has done all targets. Nifty near Target 3.

Update

                            Falling Wedge has given the desired result.

Update

Banknifty Call is doing well though Nifty is range-bound.

Update on Nifty Spot

          Falling Wedge visible B.O above the falling wedge trendline.

Update

Infosys Future call updated in the stocks blog.

Update on Nifty Future

The clear option for the day is buy in dips but since it has gapped up initially it may hit the close by stop losses for both long (6755) and short(6765.7) a couple of times.

Update

Call for the Day updated in Commodities Blog.

Update on Nifty Spot

Holding above 6725.15, Nifty Spot would target / Stop at one of the following targets in next 8 days and should not exceed 6945.8 during the present up-move and should follow up with more than  126 points correction thereafter.

Target 3  - 6881 / 6687
Target 2 - 6833
Target 1 - 6798

Update on Nifty Future

Now 6765.70 is the stop loss for the short positions.

Nifty Future calls Modified a bit.

Update on Nifty Spot

Market will turn positive / Buy on dips above 6725.15 Nifty Spot. We have to now watch out the lower black trendline after cross of 6725.15.

Update

Today Nifty will have to manage 2 days movement.

Update

Stocks Blog updated with Call for the day.