F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 12th May, 2014

Update

       Hourly incredibly Overbought. Sell at open kind of setup. Some caution needed.

Update on Nifty Future

7047 Done.

Update

EOD close below 7029 may be weakness.

Update on Nifty Future

Weak below 7002.

Update

7047 and 7066 may be the day's next targets above 7029 in Nifty Future.

Update on Nifty Future

Done a big Target1  for the Year 7029.

Update

May be 7140-7200 for tomorrow if opinion poll is very good.

Update on Nifty

Hourly awkwardly overbought. Tomorrow some sort of profit booking possible after if gap up opening.

Update on Nifty Future

As mentioned in the F&O Cues 7002 is a vital number for the day for further upmove of Nifty Future. 

Update on Nifty Future

6984 is the key now for EOD.

Update on Nifty Future

7006.5 / 7029 / 7047.5 - Three immediate Targets and also profit booking point for some intraday dips.

Alternate count on Nifty Spot

Update on Nifty Future

6984 plus holding is good for 7029.

Update on Nifty Future

The Momentum of the Market is so strong shorting is always risky here. Trade cautiously. Positional Longs remains.

Update on Nifty Future

6967-6984 is stiff resistance Zone. Strength sustaining above only for Nifty Future. One can even short Nifty Future here for a target of 6925-6935 S/L 6990.

Update

Bit of caution with Nifty Longs here.

Update

Weak Below 6942 Nifty Future.

Pre-Market Levels For 12th 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
6984                                                                                            Month T1
6967-6973                                                                                   Sell All
6942-6950                                                                                   Stiff Resistance / 6942 must be 
                                                                                                    crossed for continued Bullishness
6927-6932                                                                                   Resistance / Sell Zone / Buy More 
                                                                                                     Above
6896-6901                                                                                   Strong Above / Weak Below
6880-6889                                                                                   Support / Resistance / More 
                                                                                                    Weakness Below
6859-6868                                                                                   Buy Zone / Strong Support
6843-6853                                                                                   Buy All / Critical Support / Sell Below

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Buy Above or Closer to 6889.40 Target1 - 6906  Target2 6928 Target3 - 6934  Target4 - 6962 Target5 - 6968 Target6 - 6988 Target7 - 7008 S/L 6885.40-(aggr) /6867.35-(Cons)
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Sell Closer to  or C.O Below 6927.55 Target1 - 6889-6885 Target2 - 6869  Target3 - 6847  Target4 - 6841 Target5 - 6812 Target6 - 6807 Target7 - 6787 Target8 - 6767 S/L 6927.55 or Day's High  
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If Ranged then  6863 - 6868 OR 6880 - 6885 to 6923 - 6928 will be the trading range, with +/- 1 Point Possible Deviation extra for every Hour
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Banknifty Future
14435                                                                                            Sell Khulke
14216-14294                                                                                 Sell All
14067-14147                                                                                 Sell Zone
13971-14000                                                                                 Resistance / Sell Zone / Buy More 
                                                                                                      Above
13807-13866                                                                                 Long above / Consolidation Zone / 
                                                                                                      Weak Below
13706-13731                                                                                 Strong Above / More Weakness 
                                                                                                      Below
13451-13519                                                                                 Buy All
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Buy Above or Closer to 13843.00 Target1 - 13858  Target2 13886 Target3 - 13914  Target4 - 13971 Target5 - 14103 Target6 - 14169 Target7 - 14235 S/L 13834.90-(aggr) /13772.90-(Cons)
OR
Buy Closer to or C.O Above 13706.85 Target1 - 13835-13843 Target2 - 13858  Target3 13886 Target4 - 13914  Target5 - 13971 Target6 - 14103 Target7 - 14169 Target8 - 14235 S/L 13706.85 or Day's Low
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Sell Below or Closer to 13834.90 Target1 - 13820  Target2 - 13792  Target3 - 13764 Target4 - 13707 Target5 - 13575 Target6 - 13509 Target7 - 13443 S/L 13842.99-(aggr) /13905.00-(Cons)
OR
Sell Closer to  or C.O Below 13971.05 Target1 - 13843-13835 Target2 - 13820  Target3 - 13792  Target4 - 13764 Target5 - 13707 Target6 - 13575 Target7 - 13509 Target8 - 13443 S/L 13971.05 or Day's High  
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If Ranged then 13764 - 13775 to 13960 -13971 will be the trading range, with +/- 10 Points Possible Deviation extra for every Hour

Nifty Spot Hourly Chart

        Revised Probable count for Nifty Spot is as under :

Update

Commodities Blog Updated with Call for the day 12th May, 2014.