F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 9th July, 2014

Update

Pullback is due for g-leg up, which should come soon.

Update

Going long at these levels keeping the Budget day in Mind, keep 7600 as S/L may give good risk reward.  Post budget if strength is there it may turn to the Bulls side.

Pre-Market Levels For 9th 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 if cleared well, will become big support for the Month and vice versa.
Nifty Future
Weak below 7615 and Strong above 7627.  7574-7595 Main Support and  7648-7655 and 7694-7711 Main Resistances.   7772 is Day Shocker.  Day SAR is at 7641.
-------------------------------------------------------------------------------------------------------------------------
Buy Above or Closer to 7650.75 Target1 - 7667.50  Target2 7691.90 Target3 - 7695.60  Target4 - 7723.75 Target5 - 7729.40 Target6 - 7735.05 Target7 - 7756.65 Target8 - 7778.25 S/L 7646.75-(aggr) /7627.15-(Cons)
OR
Buy Closer to or C.O Above 7605.60 Target1 - 7646.75-7650.75 Target2 - 7667.50  Target3 7691.90 Target4 - 7695.60  Target5 - 7723.75 Target6 - 7729.40 Target7 - 7735.05 Target8 - 7756.65 Target9 - 7778.25 S/L 7605.60 or Day's Low  
-------------------------------------------------------------------------------------------------------------------------
Sell Below or Closer to 7646.75 Target1 - 7630.10  Target2 - 7605.60  Target3 - 7601.90 Target4 - 7573.75 Target5 - 7568.10 Target6 - 7562.45 Target7 - 7540.85 Target8 - 7519.25 S/L 7650.75-(aggr) /7670.35-(Cons)
OR
Sell Closer to  or C.O Below 7691.90 Target1 - 7650.75-7646.75 Target2 - 7630.10  Target3 - 7605.60  Target4 - 7601.90 Target5 - 7573.75 Target6 - 7568.10 Target7 - 7562.45 Target8 - 7540.85 Target9 - 7519.25 S/L 7691.90 or Day's High  
-------------------------------------------------------------------------------------------------------------------------

Banknifty Future
Weak below 15025 and Strong above 15049.  14910-14971  Main Support and  15172-15261  Main Resistances.  15398 is Day Shocker. Day SAR is at 15348.
-------------------------------------------------------------------------------------------------------------------------
Buy Above or Closer to 15095.25 Target1 - 15110.00  Target2 15138.15 Target3 - 15166.30  Target4 - 15223.05 Target5 - 15288.90 Target6 - 15354.80 Target7 - 15420.65 Target8 - 15486.55 S/L 15087.35-(aggr) /15025.45-(Cons)
OR
Buy Closer to or C.O Above 14959.55 Target1 - 15087.35-15095.25 Target2 - 15110.00  Target3 15138.15 Target4 - 15166.30  Target5 - 15223.05 Target6 - 15288.90 Target7 - 15354.80 Target8 - 15420.65 Target9 - 15486.55 S/L 14959.55 or Day's Low  
-------------------------------------------------------------------------------------------------------------------------
Sell Below or Closer to 15087.35 Target1 - 15072.60  Target2 - 15044.40  Target3 - 15016.30 Target4 - 14959.55 Target5 - 14893.70 Target6 - 14827.80 Target7 - 14761.95 Target8 - 14696.05 S/L 15095.25-(aggr) /15157.15-(Cons)
OR
Sell Closer to  or C.O Below 15223.05 Target1 - 15095.25-15087.35 Target2 - 15072.60  Target3 - 15044.40  Target4 - 15016.30 Target5 - 14959.55 Target6 - 14893.70 Target7 - 14827.80 Target8 - 14761.95 Target9 - 14696.05 S/L 15223.05 or Day's High  
--------------------------------------------------------------------------------------------------------------------

Update

Commodities Blog Updated.

Update on Nifty Spot Hourly Chart

Nifty has resumed the f-leg of the 2nd corrective 7580 and 7515 are the supports for the day. The g-leg (can end as a failure too) is left here after.  Generally the g-leg and f-leg's are taken up very quickly with great speed. Thereafter the major F-leg will complete. Situation is getting bearish for a couple of months.

Update

Stocks Blog updated.