F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 11th June, 2014

Update

Nifty kept in balance, simple buy low and sell high, buy in dips trend. Options decay etc. getting taken care of. Ideally triangle is the preferred count till now.  So, after the completion of this upmove (may be at a higher high), one more sharp fall may happen(like the other two). 

Update

Day's High Crucial for Nifty. 

Update

High Speed both side moves usually a nature of triangles. 7579.3 crucial for Nifty Spot.

Update on Nifty Future

Today it is clear sell below 7632 and clear buy above 7650 for Nifty Future. Above 7650 only longs.

Update

Expect lot of volatility.

Update on Banknifty Future

Below 15345 only real weakness of Banknifty may come and it may fall towards 15227. 15345-15395 significant support zone.

Update on Nifty Future

Today it is clear sell below 7632 and clear buy above 7650 for Nifty Future.

Pre-Market Levels For 12th 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 (7563-7581/88-7605/10-7632/34-7650-7663/66)
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Buy Above or Closer to 7639.15 Target1 - 7655.80  Target2 7684.00 Target3 - 7688.90  Target4 - 7712.15 Target5 - 7726.40 Target6 - 7740.65 Target7 - 7766.50 Target8 - 7792.40 S/L 7635.15-(aggr) /7611.25-(Cons)
OR
Buy Closer to or C.O Above 7585.40 Target1 - 7635.15-7639.15 Target2 - 7655.80  Target3 7684.00 Target4 - 7688.90  Target5 - 7712.15 Target6 - 7726.40 Target7 - 7740.65 Target8 - 7766.50 Target9 - 7792.40 S/L 7585.40 or Day's Low
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Sell Below or Closer to 7635.15 Target1 - 7618.40  Target2 - 7590.30  Target3 - 7585.40 Target4 - 7562.15 Target5 - 7547.90 Target6 - 7533.65 Target7 - 7507.75 Target8 - 7481.90 S/L 7639.15-(aggr) /7663.00-(Cons)
OR
Sell Closer to  or C.O Below 7688.90 Target1 - 7639.15-7635.15 Target2 - 7618.40  Target3 - 7590.30  Target4 - 7585.40 Target5 - 7562.15 Target6 - 7547.90 Target7 - 7533.65 Target8 - 7507.75 Target9 - 7481.90 S/L 7688.90 or Day's High  
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Banknifty Future(15314-15410-15476/82-15548/58-15574-15620-15641/63)
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Buy Above or Closer to 15478.85 Target1 - 15493.50  Target2 15521.65 Target3 - 15549.80  Target4 - 15639.25 Target5 - 15721.50 Target6 - 15803.75 Target7 - 15886.00 Target8 - 15968.20 S/L 15470.75-(aggr) /15392.55-(Cons)
OR
Buy Closer to or C.O Above 15310.35 Target1 - 15470.75-15478.85 Target2 - 15493.50  Target3 15521.65 Target4 - 15549.80  Target5 - 15639.25 Target6 - 15721.50 Target7 - 15803.75 Target8 - 15886.00 Target9 - 15968.20 S/L 15310.35 or Day's Low
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Sell Below or Closer to 15470.75 Target1 - 15456.10  Target2 - 15427.90  Target3 - 15399.80 Target4 - 15310.35 Target5 - 15228.10 Target6 - 15145.85 Target7 - 15063.60 Target8 - 14981.40 S/L 15478.85-(aggr) /15557.05-(Cons)
OR
Sell Closer to  or C.O Below 15639.25 Target1 - 15478.85-15470.75 Target2 - 15456.10  Target3 - 15427.90  Target4 - 15399.80 Target5 - 15310.35 Target6 - 15228.10 Target7 - 15145.85 Target8 - 15063.60 Target9 - 14981.40 S/L 15639.25 or Day's High  
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Nifty Spot Hourly Chart EOD 11th June, 2014

If 7579.3 is broken the the contracting triangle assumption will be out and a flat correction will come in with the move as b-leg inside e-leg of the 2nd corrective.
The retracement levels are :
7607 - 23.6%
7560 - 38.3%
7522 - 50%
7484 - 61.8%

Flat 
c=a gives 7597 (done)
c=1.618 x a gives about 7522

7522 is a genuine buying or support level for Nifty Spot if price breaks 7579.3.

Update

Stocks Blog Update with Levels for the Day.