Murrey Math and Options data based position - EOD 2nd July, 2014

Update on Nifty Spot

Nifty is taking out the stiff resistance level i.e. 7500 very well and this will give support later on.

Update on Nifty Spot

Nifty has obliged with 7723, see the beauty of NR4. 

Update Price and /or time Target for Nifty Spot

 21 Hours (3 days) to 45 Hours (6 and 1/2 days) left,  holding 7691 Target 7821. 

Update on Nifty Spot and Future

Yesterday was NR4 day and based on that Nifty Spot should do atleast 7723 by EOD today.
                 Value     Target
 Buy > 7,652 7,723 
 Sell < 7,616 7,545

Holding above 7678 Nifty Future should get to 7747 similarly.

Update

Above 7707.4 bulls have nothing to worry.

Update

Commodities Blog Updated with Levels for the day.

Pre-Market Levels For 2nd July, 2014 Working

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

7690-7721 is enormous resistance for Nifty Spot and unless cleared by gap up it may trouble a lot.
Nifty Future
Weak below 7636 and Strong above 7670.  7606-7615 Main Supports and  7672-7684 (May Support, if Gap up)  and 7734-7752 Main Resistances.   7681 is Key. Day SAR is at 7573.
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Buy Above or Closer to 7664.65 Target1 - 7681.30  Target2 7707.40 Target3 - 7709.50  Target4 - 7737.65 Target5 - 7744.90 Target6 - 7752.20 Target7 - 7774.60 Target8 - 7796.95 S/L 7660.65-(aggr) /7640.25-(Cons)
OR
Buy Closer to or C.O Above 7617.90 Target1 - 7660.65-7664.65 Target2 - 7681.30  Target3 7707.40 Target4 - 7709.50  Target5 - 7737.65 Target6 - 7744.90 Target7 - 7752.20 Target8 - 7774.60 Target9 - 7796.95 S/L 7617.90 or Day's Low 
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Sell Below or Closer to 7660.65 Target1 - 7643.90  Target2 - 7617.90  Target3 - 7615.80 Target4 - 7587.65 Target5 - 7580.40 Target6 - 7573.10 Target7 - 7550.70 Target8 - 7528.35 S/L 7664.65-(aggr) /7685.05-(Cons)
OR
Sell Closer to  or C.O Below 7707.40 Target1 - 7664.65-7660.65 Target2 - 7643.90  Target3 - 7617.90  Target4 - 7615.80 Target5 - 7587.65 Target6 - 7580.40 Target7 - 7573.10 Target8 - 7550.70 Target9 - 7528.35 S/L 7707.40 or Day's High  
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Banknifty Future
Weak below 15378 and Strong above 15445.  15297-15316  Main Supports and  15494 and 15563-15612 Main Resistances.  15371 is Key. Day SAR is at 15245.
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Buy Above or Closer to 15435.70 Target1 - 15450.40  Target2 15478.50 Target3 - 15506.70  Target4 - 15578.20 Target5 - 15651.45 Target6 - 15724.70 Target7 - 15797.95 Target8 - 15871.25 S/L 15427.60-(aggr) /15358.40-(Cons)
OR
Buy Closer to or C.O Above 15285.10 Target1 - 15427.60-15435.70 Target2 - 15450.40  Target3 15478.50 Target4 - 15506.70  Target5 - 15578.20 Target6 - 15651.45 Target7 - 15724.70 Target8 - 15797.95 Target9 - 15871.25 S/L 15285.10 or Day's Low
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Sell Below or Closer to 15427.60 Target1 - 15413.00  Target2 - 15384.80  Target3 - 15356.65 Target4 - 15285.10 Target5 - 15211.85 Target6 - 15138.60 Target7 - 15065.35 Target8 - 14992.05 S/L 15435.70-(aggr) /15504.90-(Cons)
OR
Sell Closer to  or C.O Below 15578.20 Target1 - 15435.70-15427.60 Target2 - 15413.00  Target3 - 15384.80  Target4 - 15356.65 Target5 - 15285.10 Target6 - 15211.85 Target7 - 15138.60 Target8 - 15065.35 Target9 - 14992.05 S/L 15578.20 or Day's High  
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Nifty Spot Hourly Chart

e-leg is in progress of the 2nd corrective diametric. Levels are on the chart.

Update

Stocks Blog Updated with Levels for the Day.