F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 22nd April, 2014

Update on Nifty Spot

Timewise g-leg has matched with a-leg (approximately). Based on other time rules it has more time left to complete! We have to observe tomorrow's price action.

Update on Nifty Spot

My assumption on the target for g-leg of diametric has been on expectancy of g-leg = a-leg, however diametric g-leg can go above the c-e line as well.  In such case the target for the g-leg comes above 6900. Ideally we have to look at the channel break to conclude completion of g-leg.

Update on Nifty Spot

Looks like that the rally from 5984.6 (14th Feb, 2014) i.e. the 2nd leg of the corrective is forming as a Bow-tie diametric and we are currently in the g leg of the diametric and ideally it should complete near 6850+/- 10/20 points and thereafter correct. Now if the correction is less than 111.6 points it could be an x-wave after diametric else it could be the b-leg after completion of a-leg of the 2nd corrective. Let's see what comes up. I would say what I have always said - trade the levels, charts can adjust.

Update

Commodities Blog updated with Call for the day 22nd April, 2014.

Pre-Market Levels For 22nd April, 2014 Working

Trade the levels, Charts can adjust 
For Nifty +/- 5/6 Points and for Banknifty +/-10-12 Points, is allowed deviation

Nifty Future
6920                                                                                  Week T3
6900-6908                                                                         Sell All
6887-6889                                                                         Strong Resistance
6877                                                                                  Week T2
6858-6865                                                                         Sell Zone
6842-6854                                                                         Strong Resistance / Strong Above 6846
6815-6824                                                                         Good Support / Buy Zone
6795-6806                                                                         Bigger Buy Zone / Weak Below
6772-6787                                                                         Buy All
-------------------------------------------------------------------------------------------------------------------------
Buy Above or Closer to 6840.15 Target1 - 6857  Target2 6876 Target3 - 6885  Target4 - 6913 Target5 - 6914 Target6 - 6933 Target7 - 6952 S/L 6836.15-(aggr) /6819.20-(Cons) 
OR
Buy Closer to or C.O Above 6800.25 Target1 - 6836-6840 Target2 - 6857  Target3 6876 Target4 - 6885  Target5 - 6913 Target6 - 6914 Target7 - 6933 Target8 - 6952 S/L 6800.25 or Day's Low
-------------------------------------------------------------------------------------------------------------------------
Sell Below or Closer to 6836.15 Target1 - 6819  Target2 - 6800  Target3 - 6791 Target4 - 6763 Target5 - 6762 Target6 - 6743 Target7 - 6725 S/L 6840.16-(aggr) /6857.10-(Cons) 
OR
Sell Closer to  or C.O Below 6876.05 Target1 - 6840-6836 Target2 - 6819  Target3 - 6800  Target4 - 6791 Target5 - 6763 Target6 - 6762 Target7 - 6743 Target8 - 6725 S/L 6876.05 or Day's High  
-------------------------------------------------------------------------------------------------------------------------

Banknifty Future
13587                                                                                 Week T3
13272-13354                                                                      Sell All / 13307 Week T2
13256-13259                                                                      Month T3 / Stiff Resistance
13101-13167                                                                      Sell Zone / Resistance
13050-13077                                                                      Resistance
12954-12997                                                                      Support 
12780-12876                                                                      Buy All


-------------------------------------------------------------------------------------------------------------------------
Buy Above or Closer to 12999.95 Target1 - 13015  Target2 13043 Target3 - 13071  Target4 - 13125 Target5 - 13254 Target6 - 13318 Target7 - 13383 S/L 12992.35-(aggr) /12931.70-(Cons) 
OR
Buy Closer to or C.O Above 12867.25 Target1 - 12992-13000 Target2 - 13015  Target3 13043 Target4 - 13071  Target5 - 13125 Target6 - 13254 Target7 - 13318 Target8 - 13383 S/L 12867.25 or Day's Low
-------------------------------------------------------------------------------------------------------------------------
Sell Below or Closer to 12992.35 Target1 - 12977  Target2 - 12949  Target3 - 12921 Target4 - 12867 Target5 - 12738 Target6 - 12674 Target7 - 12609 S/L 12999.95-(aggr) /13060.60-(Cons) 
OR
Sell Closer to  or C.O Below 13125.05 Target1 - 13000-12992 Target2 - 12977  Target3 - 12949  Target4 - 12921 Target5 - 12867 Target6 - 12738 Target7 - 12674 Target8 - 12609 S/L 13125.05 or Day's High  

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

Update

Stocks Blog updated with Calls for the day 22nd April, 2014.