F&O Cues

F&O Cues Updated.

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

Update on Nifty Spot

If nifty fails to make a higher high and breaks  8155 (EOD close below and sustains below) from here we may be looking at 4th wave continuation and we have to go with charts posted earlier.

Update on Nifty Spot

8155 Nifty Spot Big Support of the Week. If broken on closing basis or sustained below then only some worry.

Pre-Market Levels For 9th Sep, 2014 for Intraday Working

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

Nifty Future (Bias - Positive)
Weak below 8169 and Strong above 8188.  Main Support 8146-8155 and 8168-8176 and  Main Resistances 8208-8214 and 8226-8236.   8208 is Day Shocker.  Day SAR is at 8033.  8101 (Sustaining Below)/ EOD close Below is First S/L for Longs.
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Buy Above or Closer to 8195.10 Target1 - 8211.80  Target2 8223.55 Target3 - 8239.90  Target4 - 8254.00 Target5 - 8261.05 Target6 - 8268.10 Target7 - 8269.25 Target8 - 8284.50 S/L 8191.10-(aggr) /8177.85-(Cons)
OR
Buy Closer to or C.O Above 8162.65 - 8162.60  Target1 - 8174.40  Target2 - 8191.10-8195.10 Target3 - 8211.80  Target4 8223.55 Target5 - 8239.90  Target6 - 8254.00 Target7 - 8261.05 Target8 - 8268.10 Target9 - 8269.25 Target10 - 8284.50 S/L 8162.65 or Day's Low 
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Sell Below or Closer to 8191.10 Target1 - 8174.40  Target2 - 8162.60  Target3 - 8146.25 Target4 - 8132.20 Target5 - 8125.15 Target6 - 8118.10 Target7 - 8116.95 Target8 - 8101.70 S/L 8195.10-(aggr) /8208.35-(Cons)
OR
Sell Closer to  or C.O Below 8223.55 - 8239.90  Target1 - 8211.80  Target2 - 8195.10-8191.10 Target3 - 8174.40  Target4 - 8162.60  Target5 - 8146.25 Target6 - 8132.20 Target7 - 8125.15 Target8 - 8118.10 Target9 - 8116.95 Target10 - 8101.70 S/L 8239.90  or Day's High  
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Banknifty Future (Bias - Positive)
Weak below 16220 and Strong above 16257.  Main Support 16067-16151 and 16193-16227 and   Main Resistance 16274-16321 and 16334-16366.  16240 is Day Shocker. Day SAR is at 15678.  16074 (Sustaining below)/ EOD close below is First S/L for Longs.
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Buy Above or Closer to 16271.75 Target1 - 16286.50  Target2 16314.60 Target3 - 16342.80  Target4 - 16372.85 Target5 - 16425.35 Target6 - 16477.90 Target7 - 16530.45 Target8 - 16583.00 S/L 16263.75-(aggr) /16215.20-(Cons)
OR
Buy Closer to or C.O Above 16162.65 - 16220.90  Target1 - 16249.10  Target2 - 16263.75-16271.75 Target3 - 16286.50  Target4 16314.60 Target5 - 16342.80  Target6 - 16372.85 Target7 - 16425.35 Target8 - 16477.90 Target9 - 16530.45 Target10 - 16583.00 S/L 16162.65 or Day's Low 
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Sell Below or Closer to 16263.75 Target1 - 16249.10  Target2 - 16220.90  Target3 - 16192.75 Target4 - 16162.65 Target5 - 16110.15 Target6 - 16057.60 Target7 - 16005.05 Target8 - 15952.50 S/L 16271.75-(aggr) /16320.30-(Cons)
OR
Sell Closer to  or C.O Below 16372.85 - 16342.80  Target1 - 16286.50  Target2 - 16271.75-16263.75 Target3 - 16249.10  Target4 - 16220.90  Target5 - 16192.75 Target6 - 16162.65 Target7 - 16110.15 Target8 - 16057.60 Target9 - 16005.05 Target10 - 15952.50 S/L 16372.85  or Day's High  
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Nifty Spot Hourly Chart EOD 8th Sep, 2014

Now the g-leg up has converted into a probable diametric (Unless we revisit towards 8100) and we are in the e-leg of this diametric. This upmove, which is just 1 day old may continue for another 5 days minimum.