F&O Cues

F&O Cues Updated.

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

Update on Nifty Future

8443 must be recovered by Nifty Future as soon as possible else the danger of travelling to
8382 / 8262 remains. This week is vital and this zone is vital to see supporting activity in 8340-8380 range. Hourly oscillators oversold and daily is likely to get oversold in a couple of days.

Update on Nifty Future

Next big support or buying level for Nifty Future is at 8340-8380.

Update on Nifty Spot

Below 8375 Nifty Spot will weaken further 8353.15 was the last rally commencement point and it needs to be seen that a complete retracement of the same happens or not.  Though timewise the retracement will be slower than the up-move. Charts will have to be reworked to accommodate these changes in price movement.

Update on Nifty Spot

Double top target for Nifty spot is around 8385 and longs may be initiated +/-10 points near this value or sustaining above 8500.

Nifty Future Data Levels for 9th Dec, 2014

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Negative) - Nothing to worry as long as 8439 holds EOD for Nifty Future

-- 8439 / 8457-8465 / 8475-8485 / 8492-8506 / 8511-8520 / 8540-8552 / 8566-8576++ 

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Banknifty Future (Bias - Negative) - Nothing to worry as long as 18508 holds EOD for Banknifty Future

--18481-18510 /  18539-18589 / 18624-18690 / 18750-18820 / 18886 ++

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