F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 7th May, 2014

Update

Our Sell Call reached upto Target 5.
Sell Below or Closer to 6744.70 Target1 - 6728  Target2 - 6709  Target3 - 6700 Target4 - 6672 Target5 - 6670 Target6 - 6651 Target7 - 6632 S/L 6748.70-(aggr) /6765.75-(Cons)

Update on Nifty Future

Nifty Part Accumulation may start from here CMP 6707.

Update on Nifty Spot

2nd corrective 1st leg has perhaps ended with g-leg failure at  6780.15 or 6743.45 and unless these two values are taken out today itself we may be in for an x-wave or b-leg of the 2nd corrective. If x-leg most likely it may restrict itself to 6619/6626, below which it may even fall towards 6530.   Friday late afternoon if it pulls back holding 6619/6626 it may even do a new high or closer from there.

Update

Infy in selling pressure.

Update on Nifty Spot

6712 Nifty Spot will determine the trend for the Month.

Update

Commodities and Stocks Blog Updated with Calls for the day 7th May, 2014.

Pre-Market Levels For 7th May, 2014 Working

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

Nifty Future
6854                                                                                Stiff Resistance / Sell All
6836                                                                                Resistance
6812-6817                                                                       Sell Zone / Buy More Above
6789-6796                                                                       Strong Resistance
6775-6785                                                                      Important Resistance 
6766-6770                                                                       Resistance
6757                                                                                Key
6741-6752                                                                       Support / Buy Zone / Weak Below
6724-6736                                                                       Good Support
6700-6710                                                                       Buy All
-------------------------------------------------------------------------------------------------------------------------
Buy Above or Closer to 6748.70 Target1 - 6765  Target2 6785 Target3 - 6794  Target4 - 6822 Target5 - 6823 Target6 - 6842 Target7 - 6861 S/L 6744.70-(aggr) /6727.65-(Cons)
OR
Buy Closer to or C.O Above 6708.60 Target1 - 6745-6749 Target2 - 6765  Target3 6785 Target4 - 6794  Target5 - 6822 Target6 - 6823 Target7 - 6842 Target8 - 6861 S/L 6708.60 or Day's Low  
-------------------------------------------------------------------------------------------------------------------------
Sell Below or Closer to 6744.70 Target1 - 6728  Target2 - 6709  Target3 - 6700 Target4 - 6672 Target5 - 6670 Target6 - 6651 Target7 - 6632 S/L 6748.70-(aggr) /6765.75-(Cons)
OR
Sell Closer to  or C.O Below 6784.80 Target1 - 6749-6745 Target2 - 6728  Target3 - 6709  Target4 - 6700 Target5 - 6672 Target6 - 6670 Target7 - 6651 Target8 - 6632 S/L 6784.80 or Day's High  
-------------------------------------------------------------------------------------------------------------------------
If Ranged then  6724-6729 OR 6740 - 6745 to 6749 - 6754 OR 6780 -6785 will be the trading range, with +/- 1 Point Possible Deviation extra for every Hour
-------------------------------------------------------------------------------------------------------------------------
Banknifty Future
13340                                                                                Sell All
13174-13249                                                                    Strong Resistance  / Sell Zone
13061-13119                                                                    Stiff Resistance / Strong Above
12978-13028                                                                    Support / Buy Zone
12900-12954                                                                    Strong Buy Zone
12792-12826                                                                    Buy All
-------------------------------------------------------------------------------------------------------------------------
Buy Above or Closer to 13061.30 Target1 - 13076  Target2 13104 Target3 - 13132  Target4 - 13175 Target5 - 13292 Target6 - 13351 Target7 - 13410 S/L 13053.50-(aggr) /12998.70-(Cons)
OR
Buy Closer to or C.O Above 12940.00 Target1 - 13054-13061 Target2 - 13076  Target3 13104 Target4 - 13132  Target5 - 13175 Target6 - 13292 Target7 - 13351 Target8 - 13410 S/L 12940.00 or Day's Low
-------------------------------------------------------------------------------------------------------------------------
Sell Below or Closer to 13053.50 Target1 - 13039  Target2 - 13011  Target3 - 12982 Target4 - 12940 Target5 - 12823 Target6 - 12764 Target7 - 12705 S/L 13061.30-(aggr) /13116.10-(Cons)
OR
Sell Closer to  or C.O Below 13174.80 Target1 - 13061-13054 Target2 - 13039  Target3 - 13011  Target4 - 12982 Target5 - 12940 Target6 - 12823 Target7 - 12764 Target8 - 12705 S/L 13174.80 or Day's High  
-------------------------------------------------------------------------------------------------------------------------

Update on Nifty Future

Nifty Future did an NR4 /NR7 day yesterday, which could mean 

Buy  > 6774 Target 6846
Sell  < 6727 Target 6655

Nifty could have one more Narrow range day again

Update on Banknifty Future

Banknifty did an NR4/ NR7 day yesterday, which could mean 
Buy  > 13099 Target 13330
Sell  < 13000 Target 12769

* The Values are for Banknifty Future

* NR means Narrow Range Day