F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 3rd June, 2014

Update on Nifty Future

Probably one more buy call was to be traded. Prices were close to 7272.95 by permissible 5/6 Points.

Buy Above or Closer to 7372.95 Target1 - 7389.70  Target2 7417.80 Target3 - 7433.00  Target4 - 7445.95 Target5 - 7470.50 Target6 - 7495.00 Target7 - 7526.00 Target8 - 7557.05 S/L 7368.95-(aggr) /7339.95-(Cons)

Update on Nifty Future

Sell Closer to  or C.O Below 7432.98 (High being 7433.95!) Target1 - 7372.95-7368.95 Target2 - 7352.30  Target3 - 7324.10  Target4 - 7308.90 Target5 - 7295.95 Target6 - 7271.42 Target7 - 7246.90 Target8 - 7215.90 Target9 - 7184.90 S/L 7433.00 or Day's High  

Hope bloggers didn't miss the sell call .

Nifty Future Update

Next 2 levels
Week T3  7516
Month T2 7456
Week T2         7411 (Support Now/ Weak Below)

Update

Buy on Dips rewarded.

Update on Nifty Future

Buy on Dips. Conservative S/L intact at 7339.95.  VIX expiry on every tuesday so normally will show this kind of dance.

Nifty Spot Hourly Chart Update

e-leg likely to finish before 7504 (last c-leg High) or allowed maximum is close to 7585(approx.) or somewhere close to a-c line. The big weekly resistance is there at 7466 and Nifty may in my expectation would conclude this upleg somewhere close to this.

Update on Nifty Future

Our Aggressive  S/L 7368.95 and conservative S/L is 7339.95 for the Longs being held. Next 25% exit level is at 7417.8.

As Par pre-market the below range will provide stiff resistance so try exiting the longs in this range. Ofcourse buy on dips remains.

7409-7420                                                                               Stiff Resistance

Update

Quickly achieved Target 1(7389.7) 50% Profit booking area.

Update

Buy call has triggered.

Update

Rbi Policy dance but one can look to buy in dips preferably closer to 7350-7360.

Update on Nifty Future

This call may get active after a price retracement below 7372.95 and recovery above it. Though Price came close to the buy above value i.e. 7380 (almost within 5/6 points allowed deviation range).  A risky long is on.
Buy Above or Closer to 7372.95 Target1 - 7389.70  Target2 7417.80 Target3 - 7433.00  Target4 - 7445.95 Target5 - 7470.50 Target6 - 7495.00 Target7 - 7526.00 Target8 - 7557.05 S/L 7368.95-(aggr) /7339.95-(Cons)

Price Oscillation range Sell Target1 - 7352.30 - Buy Target1 - 7389.70 with some additional spread increasing every hour basis.

Update

Price in no trade Zone. Take a trade when it satisfies a criteria only. 

* For Intraday only, positional longs may wait for a higher target

Pre-Market Levels For 3rd June, 2014 Working

Trade the Levels Charts Can Adjust
For Nifty +/- 5/6 Points and for Banknifty +/-10-12 Points, is allowed deviation

Nifty Future(7306-7340-7421-7466)
7465-7475                                                                               Sell All
7456                                                                                        Month T2
7440-7448                                                                               Sell Zone
7409-7420                                                                               Stiff Resistance
7395-7405                                                                               Resistance
7378                                                                                        Long Above / Short Below
7354                                                                                        Weak Below / Can Buy here
7326-7335                                                                               Strong Support Zone
7315-7320                                                                               Buy All / Sell All Below
                                                                                                           
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Buy Above or Closer to 7372.95 Target1 - 7389.70  Target2 7417.80 Target3 - 7433.00  Target4 - 7445.95 Target5 - 7470.50 Target6 - 7495.00 Target7 - 7526.00 Target8 - 7557.05 S/L 7368.95-(aggr) /7339.95-(Cons)
OR
Buy Closer to or C.O Above 7308.90 Target1 - 7368.95-7372.95 Target2 - 7389.70  Target3 7417.80 Target4 - 7433.00  Target5 - 7445.95 Target6 - 7470.50 Target7 - 7495.00 Target8 - 7526.00 Target9 - 7557.05 S/L 7308.90 or Day's Low
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Sell Below or Closer to 7368.95 Target1 - 7352.30  Target2 - 7324.10  Target3 - 7308.90 Target4 - 7295.95 Target5 - 7271.42 Target6 - 7246.90 Target7 - 7215.90 Target8 - 7184.90 S/L 7372.95-(aggr) /7401.95-(Cons)
OR
Sell Closer to  or C.O Below 7432.98 Target1 - 7372.95-7368.95 Target2 - 7352.30  Target3 - 7324.10  Target4 - 7308.90 Target5 - 7295.95 Target6 - 7271.42 Target7 - 7246.90 Target8 - 7215.90 Target9 - 7184.90 S/L 7433.00 or Day's High  
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Banknifty Future
15670-15728                                                                          Sell All
15563-15612                                                                          Sell Area
15444-15493                                                                          Strong Resistance / Sell Zone
15395                                                                                     Bulls can take charge above and holding
15281-15360                                                                          Stiff Resistance / Sell Below / Buy 
                                                                                               Above
15208-15238                                                                          Support Zone / Weak Below 
15089-15117                                                                          Buy Zone
14909-14941                                                                          Buy All
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Buy Above or Closer to 15280.70 Target1 - 15295.20  Target2 15323.40 Target3 - 15351.50  Target4 - 15498.80 Target5 - 15609.95 Target6 - 15721.10 Target7 - 15832.20 Target8 - 15943.35 S/L 15272.40-(aggr) /15165.40-(Cons)
OR
Buy Closer to or C.O Above 15054.30 Target1 - 15272.40-15280.70 Target2 - 15295.20  Target3 15323.40 Target4 - 15351.50  Target5 - 15498.80 Target6 - 15609.95 Target7 - 15721.10 Target8 - 15832.20 Target9 - 15943.35 S/L 15054.30 or Day's Low
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Sell Below or Closer to 15272.40 Target1 - 15257.80  Target2 - 15229.70  Target3 - 15201.55 Target4 - 15054.30 Target5 - 14943.15 Target6 - 14832.00 Target7 - 14720.90 Target8 - 14609.75 S/L 15280.70-(aggr) /15387.70-(Cons)
OR
Sell Closer to  or C.O Below 15498.80 Target1 - 15280.70-15272.40 Target2 - 15257.80  Target3 - 15229.70  Target4 - 15201.55 Target5 - 15054.30 Target6 - 14943.15 Target7 - 14832.00 Target8 - 14720.90 Target9 - 14609.75 S/L 15498.80 or Day's High  
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Note : 

1. If Gap Up or Down and the Index Opens between Target Level One and Target Level Two then remain Long or Short as par situation with Buy Above or Sell Below Level as Stop Loss
2. Normal Profit Booking Rule 50% at first target, 25% at second target and rest at third target or continue to hold keeping the first target as stop loss
3. Only on trend days all targets may be met but try to book 50% after a 90-100 point move in Nifty
4. On Range days it is often found that the trading happens between Target1 of Buy to Target1 of Sell Level 

Update

Calls for the day updated in Stocks Blog.