F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 8th Oct, 2014

Update on Nifty Spot

7841 is the big key Number for Nifty Spot. Eod close below or trading below this number will keep the bears interested. Holding this number would be key for the upcoming rally.

Update

Nifty has seen good supporting activity today. Day end data should reflect the same.

Update on Nifty Future

7884 holds the key for today / tomorrow / this week / this month etc.

Nifty Future Data Levels for 8th Oct, 2014

Nifty Future (Bias - Negative)
WEAK below 7838 and STRONG above 7858.  Main Support 7828-7839 and 7858-7877 and  Main Resistances 7887-7892 and 7913-7927.   7941 is Day Shocker.  Day SAR is at 8030.  7979 (Sustaining Above)/ EOD close below is First S/L for Shorts.
-- 7851- 7858-7864 - 7942 ++ 

Banknifty Future (Bias - Negative)
WEAK below 15159 and STRONG above 15197.  Main Support 15007-15069 and 15121-15200 and   Main Resistance 15273-15323 and 15347-15407.  15256 is Day Shocker. Day SAR is at 15782.  15516 (Sustaining Above)/ EOD close Above is First S/L for Shorts.
-- 15019 - 15184-15209 - 15358 - 15373 - 15446-15449 - 15472 ++

Nifty Spot EOD Chart 7th October, 2014

2nd corrective has ended at 8180.2 with it g-leg as an extracting triangle. Now present downmove may be an x-wave or a Major downmove as the larger diametric G-leg, which time will tell. Nifty Spot is approaching a significant support zone between 7784-7822 and buying may be attempted in this range positionally for a probable retracement of the last downmove or for a new upmove may also start from here.