Tuesday, July 1, 2014

Murrey Math and Options data based position - EOD 1st July, 2014


Update on Nifty Spot

7647 first Target met. See Charts posted earlier.

Update

Commodities Blog updated with Levels.

Update on Nifty Future

Whether this will be a Target1 (Buy - 7653.1) to Target 1 (Sell  - 7615) day or not needs to be seen but buying and selling in these places in 90% of non trend days are useful. The Sell S/L and SAR is above day high(7657.5) and Buy S/L will be the day's low or 7615 as and when it gets activated.

Pre-Market Levels For 1st July, 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 7611 and Strong above 7640.  7570-7582 and 7600-7614 Main Supports and  7640-7657 and 7661-7681 Main Resistances.   7633 is Key. Day SAR is at 7589.98.
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Buy Above or Closer to 7636.35 Target1 - 7653.10  Target2 7681.20 Target3 - 7681.30  Target4 - 7709.35 Target5 - 7718.85 S/L 7632.35-(aggr) /7610.85-(Cons)
OR
Buy Closer to or C.O Above 7587.35 Target1 - 7632.35-7636.35 Target2 - 7653.10  Target3 7681.20 Target4 - 7681.30  Target5 - 7709.35  S/L 7587.35 or Day's Low
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Sell Below or Closer to 7632.35 Target1 - 7615.70  Target2 - 7587.50  Target3 - 7587.35 Target4 - 7559.35 Target5 - 7549.85  S/L 7636.35-(aggr) /7657.85-(Cons)
OR
Sell Closer to  or C.O Below 7681.35 Target1 - 7636.35-7632.35 Target2 - 7615.70  Target3 - 7587.50  Target4 - 7587.35 Target5 - 7559.35 S/L 7681.35 or Day's High  
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Banknifty Future
Weak below 15315 and Strong above 15378.  15191-15223 and 15260-15272   Main Supports and  15439-15494 and 15563-15625 Main Resistances.  15364 is Key. Day SAR is at 15304.5.
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Buy Above or Closer to 15370.65 Target1 - 15385.30  Target2 15413.45 Target3 - 15441.60  Target4 - 15519.95 Target5 - 15596.60 Target6 - 15673.30 Target7 - 15749.95 Target8 - 15826.65 S/L 15362.55-(aggr) /15289.90-(Cons)
OR
Buy Closer to or C.O Above 15213.25 Target1 - 15362.55-15370.65 Target2 - 15385.30  Target3 15413.45 Target4 - 15441.60  Target5 - 15519.95 Target6 - 15596.60 Target7 - 15673.30 Target8 - 15749.95 Target9 - 15826.65 S/L 15213.25 or Day's Low
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Sell Below or Closer to 15362.55 Target1 - 15347.90  Target2 - 15319.70  Target3 - 15291.60 Target4 - 15213.25 Target5 - 15136.60 Target6 - 15059.90 Target7 - 14983.25 Target8 - 14906.55 S/L 15370.65-(aggr) /15443.25-(Cons)
OR
Sell Closer to  or C.O Below 15519.95 Target1 - 15370.65-15362.55 Target2 - 15347.90  Target3 - 15319.70  Target4 - 15291.60 Target5 - 15213.25 Target6 - 15136.60 Target7 - 15059.90 Target8 - 14983.25 Target9 - 14906.55 S/L 15519.95 or Day's High  
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Update

Stocks Blog updated with levels.