F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 4th June, 2014

Update on Nifty Future

7411 will be key for today / tomorrow for Nifty Future.

Update

An NR4/NR7/NR14 day happening today .

* NR means Narrow Range day, the next day or the following day after and NR day usually see a range expansion i.e. large move.

Update

Keep caution with longs. Trade intraday only.

Update

Buy on dips clear and now Nifty is building base around 7400. End of Day close below 7411 Nifty Future may sign some weakness.

Update on Nifty Future

1st Sell Target (50% profit Booking)  Achieved.

Update on Nifty Future

Shorts have 7452.85-(Cons) as stop loss for the day with Target1 - 7402.70  Target2 - 7374.50 for the day.

Nifty Spot Hourly Chart

If e-leg is a triangle it would finish below 7504 else if it moves up above it it may be a diametric in progress. Any retracement to 7300-7350 is a big buying opportunity

Update on Nifty Future

7402.7(Target1 Sell)  -7440.1(Target1 - Buy),  Prices have achieved the values with +/- 5/6 points deviation. More fall or rise beyond this range. 7411 Key. Trade light.

Update on Nifty Future

Important Levels
Week T2          7411 (Weak Below)
PP1                   7395 (Support)
Month T1        7372 (strong Support)
Week T1         7345 (Last Support)

Update

Today remain very cautious with longs.

Pre-Market Levels For 4th 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(7324-7343-7377-7424-7454-7476)
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Buy Above or Closer to 7423.40 Target1 - 7440.10  Target2 7468.25 Target3 - 7484.30  Target4 - 7496.40 Target5 - 7521.80 Target6 - 7547.20 Target7 - 7578.60 Target8 - 7610.07 S/L 7419.40-(aggr) /7389.95-(Cons)
OR
Buy Closer to or C.O Above 7358.50 Target1 - 7419.40-7423.40 Target2 - 7440.10  Target3 7468.25 Target4 - 7484.30  Target5 - 7496.40 Target6 - 7521.80 Target7 - 7547.20 Target8 - 7578.60 Target9 - 7610.07 S/L 7358.50 or Day's Low
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Sell Below or Closer to 7419.40 Target1 - 7402.70  Target2 - 7374.50  Target3 - 7358.50 Target4 - 7346.40 Target5 - 7321.01 Target6 - 7295.60 Target7 - 7264.20 Target8 - 7232.75 S/L 7423.40-(aggr) /7452.85-(Cons)
OR
Sell Closer to  or C.O Below 7484.30 Target1 - 7423.40-7419.40 Target2 - 7402.70  Target3 - 7374.50  Target4 - 7358.50 Target5 - 7346.40 Target6 - 7321.01 Target7 - 7295.60 Target8 - 7264.20 Target9 - 7232.75 S/L 7484.30 or Day's High  
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Banknifty Future(14756-14774-14833-15017-15055-15122-15279-15324-15541)
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Buy Above or Closer to 15217.30 Target1 - 15231.90  Target2 15260.05 Target3 - 15288.20  Target4 - 15435.65 Target5 - 15546.90 Target6 - 15658.13 Target7 - 15769.36 Target8 - 15880.60 S/L 15209.10-(aggr) /15101.95-(Cons)
OR
Buy Closer to or C.O Above 14990.75 Target1 - 15209.10-15217.30 Target2 - 15231.90  Target3 15260.05 Target4 - 15288.20  Target5 - 15435.65 Target6 - 15546.90 Target7 - 15658.13 Target8 - 15769.36 Target9 - 15880.60 S/L 14990.75 or Day's Low
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Sell Below or Closer to 15209.10 Target1 - 15194.50  Target2 - 15166.40  Target3 - 15138.20 Target4 - 14990.75 Target5 - 14879.50 Target6 - 14768.25 Target7 - 14657.05 Target8 - 14545.80 S/L 15217.30-(aggr) /15324.45-(Cons)
OR
Sell Closer to  or C.O Below 15435.65 Target1 - 15217.30-15209.10 Target2 - 15194.50  Target3 - 15166.40  Target4 - 15138.20 Target5 - 14990.75 Target6 - 14879.50 Target7 - 14768.25 Target8 - 14657.05 Target9 - 14545.80 S/L 15435.65 or Day's High  
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Update

Stocks Blog Updated with Calls for the day (4th June, 2014).