Nifty Spot EOD Chart as on 28th Feb, 2015

The month close has been very good. The chart has been revised. The 3rd corrective diametric c-leg's  a-leg was completed in 11 days, b-leg completed on 26th Feb, 2015 (as Double Failure Flat, ended with a terminal impulse) in 18 days and now the c-leg up as opened and has completed 2 days as of now.

Nifty Future Data Levels for 28th Feb, 2015

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Positive)
-- 8907 - 8945 - 8984 - 9022 - 9061 - 9099 - 9166 - 9234 - 9302 - 9370 ++
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Banknifty Future (Bias -  Positive)
-- 18926 - 19009 - 19092 - 19175 - 19259 - 19342 - 19425 - 19508 - 19591 - 19674 - 19820 - 19967 - 20113 - 20260 ++
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Update on Nifty Future

Nifty Future bullish above 8881 and weak below 8765.

Update on Nifty Spot

If yesterday's low(8669.45) holds we may be having an x-wave up and thereafter the next leg of fall would start.  If the rise is more then count gets revised a bit.

Nifty Future Data Levels for 27th Feb, 2015

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Negative)
-- 8659 - 8686 - 8714 - 8741 - 8768 - 8795 - 8822 - 8850 - 8877 ++
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Banknifty Future (Bias - Negative)
-- 18416 - 18474 - 18532 - 18590 - 18648 - 18706 - 18764 - 18822 - 18880 - 18938 - 18996 - 19054 
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Nifty Future Data Levels for 26th Feb, 2015

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Negative)
-- 8650 - 8683 - 8716 - 8750 - 8783 - 8816 - 8849 ++  
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Banknifty Future (Bias - Negative)
-- 18345 - 18416 - 18487 - 18558 - 18629 - 18700 - 18771 - 18842 - 18913 - 18985 - 19056 - 19127 - 19198 ++
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Nifty Spot EOD Chart 25th Feb, 2014

Nifty has indeed formed a complex pattern. Whereas the b-leg of the probable diametric ended with a limiting contracting triangle and left the option for prices to travel back to it apex area at about 8150-8250 zone and it has also ended the e-leg of the probable diametric with an ending triangle leaving scope for maximum retracement upto 8560 level!!  Now the labellings may have to be corrected down the line other than the triangles but the scope for prices is wide open as there is a significant event round the corner.

F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 25th Feb, 2015

Update on Nifty Spot

Sustaining above 8800 would be very bullish and chances of a pre-budget and post budget rally will be high. The chart count posted earlier may have to be revised and the low made yesterday could be the end of b-leg of the major c-leg of the diametric and the c-leg up has started.  The updated chart will follow as soon as prices confirm.  But trade with highest caution as anything can happen!!

Nifty Future Data Levels for 25th Feb, 2015

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Negative)
- 8723 - 8747 - 8770 - 8793 - 8816 - 8839 - 8863 - 8886 ++ 
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Banknifty Future (Bias - Negative)
-- 18780 - 18830 - 18880 - 18930 - 18980 - 19030 - 19080 - 19129-19200 - 19270 ++ 
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F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 24th Feb, 2015

Nifty Future Data Levels for 24th Feb, 2015

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Negative)
- 8690-8707 - 8720-8733 - 8746-8755 - 8760-8772 - 8790-8800 - 8811-8817 ++ 
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Banknifty Future (Bias - Negative)
-- 18682-18748 - 18777-18805 - 18834-18863 - 18910-18963  -  19028 -  19090-19160 ++   
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Nifty Spot EOD as on 23rd Feb, 2014

The f-leg of the diametric is on it seems after the e-leg completion as a triangle is the likely probability. Let us see the price and time correction. and whether Nifty is able to defend close below yesterday's low.

F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 23rd Feb, 2015

Update on Nifty and Banknifty Futures

Nifty Future Weak below 8851 and Bank Nifty Future Weak below 19109.

Nifty Future Data Levels for 23rd Feb, 2015

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Positive)
-- 8851-8862 -  8869-8875 - 8878-8889 - 8906-8920 - 8931-8938 - 8956 - 8980 ++
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Banknifty Future (Bias - Positive)
-- 19114-19137 - 19153-19183 - 19230-19290 - 19321-19388 - 19433-19524 - 19583-19681  ++
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F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 20th Feb, 2015

Nifty Future Data Levels for 20th Feb, 2015

Nifty Future (Bias - Positive)

-- 8881-  8901-8909 - 8928-8937 - 8954 - 8969-8978 ++
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Banknifty Future (Bias - Positive)

-- 19158-19183 - 19208-19284 - 19321-19342 - 19386-19405 - 19488-19511 - 19552-19616  ++
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F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 19th Feb, 2015

Nifty Future Data Levels for 19th Feb, 2015

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Positive)

-- 8858-8869 - 8883 - 8898 - 8916-8926 - 8931-8941 - 8948-8958  -  8969 ++
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Banknifty Future (Bias - Positive)
-- 19277-19325 - 19392-19432 - (19461-19531) - 19600-19641 - 19709-19765 ++
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F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 18th Feb, 2015

Nifty Future Data Levels for 18th Feb, 2015

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Positive)
- 8808-8814 -  8824-8832  -  8847-8854  -  8860-8870  - 8877-8888  - 8890-8894 - 8908 ++
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Banknifty Future (Bias - Positive)
-- 18914-18992 - 19045 - 19101-19168 -  19183-19252 - 19321-19382 - 19416-19437 - 19491-19577 ++
---------------------------------------------------------------------------

F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 16th Feb, 2015

Nifty Future Data Levels for 16th Feb, 2015

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Positive)
-- 8771 - 8789 - 8807 - (8825) - 8845 - 8865-8871 - 8884 - 8993-8903 ++ 
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Banknifty Future (Bias - Positive)
-- 19065 - 19145 - 19184 - 19264 - 19304 - 19384 - (19423) - 19524-19564 - 19600-19640 ++
---------------------------------------------------------------------------

F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 13th Feb, 2015

Nifty Future Data Levels for 13th Feb, 2015

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Positive)

-- 8701 - (8727) - 8752 - 8777 - 8803 - 8828 ++

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Banknifty Future (Bias - Positive)

-- 19009 - 19064 - (19120) - 19176 - 19231 - 19287 - 19343 - 19398 - 19454 - 19509 - 19565 ++
---------------------------------------------------------------------------

F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 12th Feb, 2015

Nifty Future Data Levels for 12th Feb, 2015

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Negative)

-- 8578.8 -  8600 -  (8642) - 8684 - 8705 - 8726 - 8769 ++
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Banknifty Future (Bias - Negative)

-- 18892 - 18985 -  19078 - (19124) - 19170 - 19263 - 19448 ++
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Nifty Spot EOD Chart as on 11th Feb, 2015

Present upmove is either and x wave after the first corrective of d-leg or e-leg has already started.  With the upcoming budget the 2nd scenario is more likely.  For confirmation we need a breakout above the falling channel and close above mondays gap down area.

F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 11th Feb, 2015

Update on Nifty Spot

Nifty hesitating to crossover the previous tops in the range 8620-8630 and once crossed this will become support once again.

Update on Nifty

Market might have bottomed yesterday and Nifty may oscillate in a range for sometime before moving up for e-leg of the diametric.

Nifty EOD Chart as on 10th Feb, 2015

Nifty may have not yet completed the d-leg as yet. The first set of a-b-c was over followed by and x-wave? and now last part could be an ending triangle. So, expect range bound moves and high volatility for next couple of days till a close happens above 8647.

Nifty Future Data Levels for 11th Feb, 2015

TRADE the Levels, Charts Can Adjust.


Nifty Future (Bias - Negative)

-- 8516 -  8558 -  8579 - 8600  -  (8642) - 8684 - 8705 - 8726 ++
---------------------------------------------------------------------------------------------------------------

Banknifty Future (Bias - Negative)

-- 18462 - 18645 -  18737  -  (18829) - 18913/20 - 19104 - 19197 - 19380 ++
---------------------------------------------------------------------------

F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 10th Feb, 2015

Update on Nifty Future

Bias hasn't turned up yet, only Nifty Future closing is coming good EOD as it is sustaining above 8603!

Update on Nifty

Within the day about 400 point move has happened in Nifty.

Update on Nifty Spot

Yesterday it was mentioned that very strong support exits between 8450-8500 for Nifty Spot and the same has now been proven twice for the day.

Update on Nifty Future

8603 will determine the week for Nifty Future.

Update on Nifty Spot

Rise still within falling channel and bias is still very much negative. As predicted yesterday we got the well deserved bounce due to oversold market!

Update on Nifty Future

8603 vital for the week.

Update on Nifty Spot

Above 8615 fatser retracement for the day for Nifty Spot.

Update on Nifty Future

8603 plus Nifty Future becomes bullish.

Update on Nifty Spot

Bias is running -ve till now and if Nifty is able to close above the previous day high then this leg of downleg gets over and thereafter a retracement leg opens.

Update on Nifty Spot

By principle of neowave Nifty Spot may retrace to either 8320-8380 range or extend the retracement to 8180-8200. Kejriwal factor is negative for the market. Trade with caution market highly oversold so bounces will come from time to time!

Nifty Future Data Levels for 10th Feb, 2015

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Negative)
-- 8465-8487 -  8496-8511 -  8522-8538 - 8546-8557  -  8587-8593 - 8603-8613 - 8621 ++
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Banknifty Future (Bias - Negative)
-- 18091-18159 - 18226-18306 -  18355-18377  -  18422-18496 - 18522-18573 - 18600-18656 - 18709-18794 ++
---------------------------------------------------------------------------

F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 9th Feb, 2015

Update on Nifty Spot

61.8% retracement completed. whether it gaps down again or otherwise,  there may be some pullback attempts tomorrow.  The options data indicates there will be very strong support near 8450-8500 Nifty Spot.   Retracement to apex point of the limiting triangle would mean even deeper fall though! 

Nifty Future Data Levels for 9th Feb, 2015

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Negative)

-- 8587-8604 -  8613-8625 -  8650-8658 - 8675-8689  -  8697-8708 ++

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Banknifty Future (Bias - Negative)
-- 18487-18525 - 18565-18633 -  18699-18752  -  18771-18839 ++
---------------------------------------------------------------------------

F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 6th Feb, 2015

Update on Nifty Future

Buy low sell High needs to continue for some more time it seems. Incredible volatility!!  The lower end mentioned target of 8706 already achieved!

Update on Nifty Future

Nifty Future bet may be for 8796 or 8706 today and middle point being 8751.

Nifty Future Data Levels for 6th Feb, 2015

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Negative)
-- 8657 -  8670-8682 -  8694-8711 - 8718-8728  -  8737-8751  -  8762  -  8787-8802 ++ 
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Banknifty Future (Bias - Negative)
-- 18838-18894 - 18920-18976 -  19045-19110  -  19183-19218 - 19252-19321 -  19358-19429 ++
---------------------------------------------------------------------------------------------------------------

F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 5th Feb, 2015

Update on Nifty Future

8850 break was warning!

Update on Nifty Future

8694-8720 is minimum target for Nifty Future.

Update on Nifty Future

Now for tomorrow 8851 will hold the key.

Update on Nifty Future

One can bet for either 8822 or 8731. Middle line is 8776.

Update on Nifty Future

Strong Resistance for Nifty Future is from 8790-8820.  More strength above 8820 only.

Update on Nifty Future

today's key level is 7763 for Nifty Future.

Nifty Future Data Levels for 5th Feb, 2015

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Negative)
-- 8720-8736 - 8743 - 8755-8763 - 8780-8795 - 8804-8812 - 8819 - 8830-8840 ++ 
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Banknifty Future (Bias - Negative)
-- 19079-19157 - 19183 - 19220-19252 -  19275-19321  -  19347-19379 - 19428-19476 ++
---------------------------------------------------------------------------

Update on Nifty Future

If Nifty Future closes above 8850 today Market is likely to have hit a short term bottom!!

Update on Nifty

The Open Interest data is not suggesting much bigger fall though but trading may be difficult and volatile this month.  Option trader should take special care.

Update on Nifty

Market is at risk point of a deeper correction. As par the chart posted yesterday by Neowave principle prices may go back to the Apex point of a limiting triangle as well. So, caution with trades. Chart labels will change a bit if such a thing happens.

Update on Nifty Future

8851 is the crucial level for the day.

Nifty Future Data Levels for 4th Feb, 2015

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Negative)
-- 8833-8843 - 8851-8863 - 8868-8875 - 8881-8886 - 8904-8909 - 8926 ++ 
---------------------------------------------------------------------------------------------------------------

Banknifty Future (Bias - Negative)
-- 19424-19461 - 19516-19531 - 19575-19698 -  19812-19917  -  19953-20029 ++
---------------------------------------------------------------------------

F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 3rd Feb, 2015

Nifty Hourly Chart Intraday 3rd Feb, 2015

Nifty Spot is now on c-leg of the 3rd leg of upmove. Of c-leg a-leg was over at recent high and now b-leg is going on correcting the a-leg.

Update on Nifty Future

8851 plus  safety for Nifty Future returns.

Update on Nifty Future

8800 is acting as a strong support.

Update on Nifty Spot

EOD close below 8751 will indicate some weakness in Nifty Spot.

Update

A good trader would make merry of this kind of volatility.

Update on Nifty Spot

8751 not breaking is good news for Nifty Spot.

Update

8851 is the key level for the day for Nifty Future and 19874 for Banknifty Future.

Update on Nifty Spot

Nifty Spot to remain weak unless it closes above 8841 EOD.

Nifty Future Data Levels for 3rd Feb, 2015

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Negative)

-- 8863-8874 - 8883-8893 - 8904-8913 - 8917-8925 - 8931-8948 - 8961-8968 ++ 
---------------------------------------------------------------------------------------------------------------

Banknifty Future (Bias - Negative)

-- 19924-19987 - 20023-20116 -  20141-20204  -  20238-20293 - 20336-20347 - 20434-20451 ++
---------------------------------------------------------------------------

F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 2nd Feb, 2015

Update on Nifty Future

Sustaining above 8890 Further Bull attack.

Update on Nifty Future

From here 8851 should hold EOD basis for Nifty Future.

Update on Nifty Future

8851-8862 Key resistance for Nifty Future. Strength above 8823.

Update on Nifty Future

Unless and until Nifty Future breaks below 8798 one need not be too worried from here.

Update on Nifty Spot

Nifty Spot must hold on to 8773 to survive any onslaught during this week.

Update on Nifty Future

Holding above 8851 bullishness returns.

Update on Nifty Future

Below 8835 Weakness continues.

Nifty Future Data Levels for 2nd Feb, 2015

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Negative)
-- 8837-8849  -  8862-8871  -  8883 -  8903-8913 - 8922-8931 - 8961-8966 ++
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Banknifty Future (Bias - Negative)
- 19923-19967 - 19982-20023 - 20150-20209 - 20229-20386 - 20416-20462 - 20487-20547++ 
---------------------------------------------------------------------------