F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 16th June, 2014

Update

Nifty Future is facing resistance near 7570 since yesterday and remains the critical level to overcome.

Update

As anticipated Nifty has obliged by moving up.

Update on Nifty Future

Nifty likely to go up and make a higher high for the day by EOD as par present structure.

Update

Bulls not yet in control. Nifty Future Below 7542 will remain weak.

Update

15163.5 Plus more bullishness in Banknifty Future.

Update

7520 will be key for intraday Nifty Spot Trading.

Update on Nifty Spot

Nifty Spot it out of downtrending channel after completing b-leg of e-leg of 2nd corrective as Elongated Flat. So, with the day's low as Stop Loss, one can go long easily positionally for c-leg up of e-leg of diametric from here.

Update on Nifty Future

7565-7575 range may provide some resistance.

Update

Target3 (7513 Done), weakness only below 7513(Sustaining). Shorts should book complete Profit here.

Update

Sell call reached target1 7541.3(50% profit Booking) already and low made upto now is 7528.10. As long as Nifty Future Trading below 7542 it is in bear zone above 7562 bull Zone.

Update

15212.5 Crucial for Banknifty Future by EOD / intraday.

Pre-Market Levels For 16th 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 Weak below 7542 and strong above 7561.  7589 is the vital level or Key Number.
Nifty Future (7515-7526-7542/49-7561-7581-7605/13-7640-7653/57)
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Buy Above or Closer to 7562.00 Target1 - 7578.70  Target2 7606.70 Target3 - 7606.90  Target4 - 7635.00 Target5 - 7644.20 Target6 - 7653.40 Target7 - 7676.75 Target8 - 7700.10 S/L 7558.00-(aggr) /7536.65-(Cons)
OR
Buy Closer to or C.O Above 7513.30 Target1 - 7558.00-7562.00 Target2 - 7578.70  Target3 7606.70 Target4 - 7606.90  Target5 - 7635.00 Target6 - 7644.20 Target7 - 7653.40 Target8 - 7676.75 Target9 - 7700.10 S/L 7513.30 or Day's Low
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Sell Below or Closer to 7558.00 Target1 - 7541.30  Target2 - 7513.30  Target3 - 7513.15 Target4 - 7485.00 Target5 - 7475.80 Target6 - 7466.60 Target7 - 7443.25 Target8 - 7419.90 S/L 7562.00-(aggr) /7583.35-(Cons)
OR
Sell Closer to  or C.O Below 7606.70 Target1 - 7562.00-7558.00 Target2 - 7541.30  Target3 - 7513.30  Target4 - 7513.15 Target5 - 7485.00 Target6 - 7475.80 Target7 - 7466.60 Target8 - 7443.25 Target9 - 7419.90 S/L 7606.70 or Day's High
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Banknifty Future(15000-15130-15314/34-15416/22-15465-15488/99-15518/23)
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Buy Above or Closer to 15167.50 Target1 - 15182.20  Target2 15210.35 Target3 - 15238.50  Target4 - 15320.00 Target5 - 15398.30 Target6 - 15476.55 Target7 - 15554.80 Target8 - 15633.05 S/L 15159.50-(aggr) /15085.25-(Cons)
OR
Buy Closer to or C.O Above 15007.00 Target1 - 15159.50-15167.50 Target2 - 15182.20  Target3 15210.35 Target4 - 15238.50  Target5 - 15320.00 Target6 - 15398.30 Target7 - 15476.55 Target8 - 15554.80 Target9 - 15633.05 S/L 15007.00 or Day's Low
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Sell Below or Closer to 15159.50 Target1 - 15144.80  Target2 - 15116.70  Target3 - 15088.50 Target4 - 15007.00 Target5 - 14928.70 Target6 - 14850.45 Target7 - 14772.20 Target8 - 14693.95 S/L 15167.50-(aggr) /15241.75-(Cons)
OR
Sell Closer to  or C.O Below 15320.00 Target1 - 15167.50-15159.50 Target2 - 15144.80  Target3 - 15116.70  Target4 - 15088.50 Target5 - 15007.00 Target6 - 14928.70 Target7 - 14850.45 Target8 - 14772.20 Target9 - 14693.95 S/L 15320.00 or Day's High
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Update

Stocks and Commodities Blog Updated with Calls for the day.