Thursday, May 8, 2014

F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 8th May, 2014


Update on Nifty Future

Buy Above or Closer to 6683.65 Target1 - 6700  Target2 6721 Target3 - 6728  Target4 - 6757 Target5 - 6760 Target6 - 6779 Target7 - 6799 S/L 6662.10-(Cons)

Update on Nifty Spot.

Nifty Movement on the expected lines. Tomorrow late hours recovery possible, as informed earlier.

Update on Nifty Future

Tomorrow may be due for some more lows. Exit Longs initiated by EOD and take longs above 6713 only in Nifty Future for the Week. CMP 6775.

Update

Positional Long building level is here. 50% longs may be initiated for positional traders. CMP 6665

Update on Nifty Future

One should maintain neutral stance now and exit shorts. 6671 done close to our target zone.

Update on Nifty Future

6713-6724                                                                           Stronger above / Bullish Options Above 
                                                                                            This

Nifty Future didn't show strength to conquer the above levels yet. For now one may trade looking at 6700.

Update on Nifty Future

Nifty Future will target 6650-6670 Zone below 6700 (Target 1 Level).

Update on Nifty Future

Caution below 6700 for Nifty Future.

Update on Nifty Future

Part Profit booking adviced @cmp 6704

Update On Nifty Future

Target2 6721 Target3 - 6728 Part Profit Booking Zone. Target 1 6700 achieved.

Update on Nifty Future

Ideal Support  for Nifty Future is in the zone 6658-6663.  Weakness will start if it starts trading below 6679.65 and the below call gets activated.

Sell Below or Closer to 6679.65 Target1 - 6663  Target2 - 6643  Target3 - 6635 Target4 - 6607 Target5 - 6603 Target6 - 6584 Target7 - 6564 S/L 6683.65-(aggr) /6701.20-(Cons)

* Still Long call running

Update on Nifty Future

Aggressive S/L triggered at 6679.65 and the conservative s/l is at 6662.10.

Update on Nifty Future

Buy Call Triggered.

Buy Above or Closer to 6683.65 Target1 - 6700  Target2 6721 Target3 - 6728  Target4 - 6757 Target5 - 6760 Target6 - 6779 Target7 - 6799 S/L 6679.65-(aggr) /6662.10-(Cons)

Update on Nifty Future

First sell off happened from the mentioned level though one couldn't catch the level i.e. :

Sell Closer to  or C.O Below 6720.75 Target1 - 6684-6680 Target2 - 6663  Target3 - 6643  Target4 - 6635 Target5 - 6607 Target6 - 6603 Target7 - 6584 Target8 - 6564 S/L 6720.75 or Day's High  
* See Pre-market level.

Update on Nifty Future

6692-6699                                                                           Buy above and Holding above

* See Pre-Market View

Our price went to 6686.25 i.e. close to 6683.65 well within +/- 5 points deviation limit. Watch out  for the above levels

Pre-Market Levels For 8th 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
6815-6817                                                                           Sell All
6774-6788                                                                           Sell Zone
6758-6764                                                                           Stiff Resistance
6745-6750                                                                           Strong Resistance
6731-6740                                                                           Resistance / Consolidation
6713-6724                                                                           Stronger above / Bullish Options Above 
                                                                                            This
6692-6699                                                                           Buy above and Holding above
6675-6680                                                                           Support Zone
6658-6663                                                                           Buy All / Bearish Options Below This
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Buy Above or Closer to 6683.65 Target1 - 6700  Target2 6721 Target3 - 6728  Target4 - 6757 Target5 - 6760 Target6 - 6779 Target7 - 6799 S/L 6679.65-(aggr) /6662.10-(Cons)
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Sell Below or Closer to 6679.65 Target1 - 6663  Target2 - 6643  Target3 - 6635 Target4 - 6607 Target5 - 6603 Target6 - 6584 Target7 - 6564 S/L 6683.65-(aggr) /6701.20-(Cons)
OR
Sell Closer to  or C.O Below 6720.75 Target1 - 6684-6680 Target2 - 6663  Target3 - 6643  Target4 - 6635 Target5 - 6607 Target6 - 6603 Target7 - 6584 Target8 - 6564 S/L 6720.75 or Day's High  
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If Ranged then  6658 - 6663 / 6675 - 6680 to 6684 - 6689 / 6716 -6721 will be the trading range, with +/- 1 Point Possible Deviation extra for every Hour
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Banknifty Future
13388-13450                                                                          Sell All
13289-13312                                                                          Sell Zone
13222-13226                                                                          Sell Zone / Stronger Above
13068-13134                                                                          Stiff Resistance / Strong Above
12991-13016                                                                          Support Zone
12896-12898                                                                          Strong Buy Zone

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Buy Above or Closer to 13017.05 Target1 - 13032  Target2 13060 Target3 - 13088  Target4 - 13130 Target5 - 13248 Target6 - 13306 Target7 - 13365 S/L 13009.25-(aggr) /12954.50-(Cons)
OR
Buy Closer to or C.O Above 12895.85 Target1 - 13009-13017 Target2 - 13032  Target3 13060 Target4 - 13088  Target5 - 13130 Target6 - 13248 Target7 - 13306 Target8 - 13365 S/L 12895.85 or Day's Low
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Sell Below or Closer to 13009.25 Target1 - 12994  Target2 - 12966  Target3 - 12938 Target4 - 12896 Target5 - 12779 Target6 - 12720 Target7 - 12661 S/L 13017.05-(aggr) /13071.80-(Cons)
OR
Sell Closer to  or C.O Below 13130.45 Target1 - 13017-13009 Target2 - 12994  Target3 - 12966  Target4 - 12938 Target5 - 12896 Target6 - 12779 Target7 - 12720 Target8 - 12661 S/L 13130.45 or Day's High  
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Update

Stocks Blog updated with Calls for the day 8th May, 2014.