F&O Cues

F&O Cues Updated.

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

Modified Nifty Spot Hourly chart posted intraday 9th October, 2014

Nifty Spot should cross 8031 with 2 days to confirm commencement of pending g-leg up for the 7 legged diametric whereas the f-leg has completed as a Zigzag at 7815.75.

Bullish Crab in Nifty Spot

Nifty Spot has formed a bullish crab in the hourly chart and it may complete the upmove at any of the points as below. Faster retracement of  7970.65 is one more confirmation :

8160.90  -  T1
8374.20   -   T2
8506.05 -   T3
8588.90  -    T4
8719.35  -    T5
8900.00  -    T6

Continue to hold longs positionally monitoring the Positive Bias (starting today, See Education for clarity) 

Update on Nifty Future

7958-7961 will resist, crossing which new high for the day possible.

Update on Nifty Future

7944 is the critical number for the day.

Update on Nifty Future

Sustaining above 7970 Nifty Future may do 8000-8020 today itself.

Update on Nifty Future

If 7900 holds after morning gap up one shouldn't worry for the day.

Nifty Future Data Levels for 9th Oct, 2014

Nifty Future (Bias - Negative)
WEAK below 7833 and STRONG above 7870.  Main Support 7855-7870 and 7877-7891 and  Main Resistances 7913-7933 and 7945-7959.   7899 is Day Shocker.  Day SAR is at 8016.  7958 (Sustaining Above)/ EOD close below is First S/L for shorts.
-- 7803 - 7848-7854 - 7870(key) - 7937 - 8006 - 8033 ++ 

Banknifty Future (Bias - Negative)
WEAK below 15329 and STRONG above 15402.  Main Support 15253-15326 and 15368-15401 and   Main Resistance 15472-15513 and 15529-15598.  15276 is Day Shocker. Day SAR is at 15735.  15500 (Sustaining Above)/ EOD close Above is First S/L for Shorts.
-- 15269 - 15358-15401 - 15530(key) - 15668- 15720 - 15979 ++