F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 21st July, 2014

Nifty Future Update

Day trading has been from Sell Near or Close to Level (7723.40 ) to Buy near and Close to Level (7671.35). 
* Within +/- 5/6 points range

Pre-Market Levels For 21st July, 2014 Working

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

7690-7740 is enormous resistance for Nifty Spot and if cleared well, will become big support for the Month and vice versa.
Nifty Future
Weak below 7666-7675 and Strong above it.  7620 and 7645-7656 Main Support and  7690-7700 and 7750  Main Resistances.   7714 is Day Shocker.  Day SAR is at 7631.  7567 (Sustaining Below) is Final S/L for Longs.
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Buy Above or Closer to 7671.35 Target1 - 7688.10  Target2 7716.20 Target3 - 7723.40  Target4 - 7744.35 Target5 - 7760.90 Target6 - 7777.45 Target7 - 7804.45 Target8 - 7831.45 S/L 7667.35-(aggr) /7642.33-(Cons)
OR
Buy Closer to or C.O Above 7615.30 - 7622.50  Target1 - 7650.70  Target2 - 7667.35-7671.35 Target3 - 7688.10  Target4 7716.20 Target5 - 7723.40  Target6 - 7744.35 Target7 - 7760.90 Target8 - 7777.45 Target9 - 7804.45 Target10 - 7831.45 S/L 7615.30 or Day's Low 
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Sell Below or Closer to 7667.35 Target1 - 7650.70  Target2 - 7622.50  Target3 - 7615.30 Target4 - 7594.35 Target5 - 7577.80 Target6 - 7561.25 Target7 - 7534.25 Target8 - 7507.25 S/L 7671.35-(aggr) /7696.37-(Cons)
OR
Sell Closer to  or C.O Below 7723.40 Target1 - 7671.35-7667.35 Target2 - 7650.70  Target3 - 7622.50  Target4 - 7615.30 Target5 - 7594.35 Target6 - 7577.80 Target7 - 7561.25 Target8 - 7534.25 Target9 - 7507.25 S/L 7723.40 or Day's High 
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Banknifty Future
Weak below 15409-15427 and Strong above it.  15214-15260 and 15385 main support and  15429-15493 and 15683-15722  Main Resistances.  15651 is Day Shocker. Day SAR is at 15065. 15147 (Sustaining Below) is Final S/L for Longs.
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Buy Above or Closer to 15419.80 Target1 - 15434.50  Target2 15462.65 Target3 - 15490.80  Target4 - 15588.20 Target5 - 15674.40 Target6 - 15760.60 Target7 - 15846.80 Target8 - 15933.00 S/L 15411.80-(aggr) /15329.60-(Cons)
OR
Buy Closer to or C.O Above 15243.40 - 15368.90  Target1 - 15397.10  Target2 - 15411.80-15419.80 Target3 - 15434.50  Target4 15462.65 Target5 - 15490.80  Target6 - 15588.20 Target7 - 15674.40 Target8 - 15760.60 Target9 - 15846.80 Target10 - 15933.00 S/L 15243.40 or Day's Low 
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Sell Below or Closer to 15411.80 Target1 - 15397.10  Target2 - 15368.90  Target3 - 15340.80 Target4 - 15243.40 Target5 - 15157.20 Target6 - 15071.00 Target7 - 14984.80 Target8 - 14898.60 S/L 15419.80-(aggr) /15502.00-(Cons)
OR
Sell Closer to  or C.O Below 15588.20 Target1 - 15419.80-15411.80 Target2 - 15397.10  Target3 - 15368.90  Target4 - 15340.80 Target5 - 15243.40 Target6 - 15157.20 Target7 - 15071.00 Target8 - 14984.80 Target9 - 14898.60 S/L 15588.20 or Day's High  
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Nifty Spot 4 Hour Chart EOD 18th July, 2014

Nifty Spot is either still in f-leg in the form of an extracting triangle or would be completing g-leg up.  Time will give the answer. Either case we would be due for some correction this week. watch out for change in bias or if Nifty spot starts trading below 7685.