Update on Nifty Spot

Bias Down. 8308 and 8185 key for closing above or below for trend change or followup.

Nifty and Banknifty Future Key Level(s) for 30th April, 2015

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Negative)

Weak Below / Strong Above 8243. 

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Banknifty Future (Bias -  Positive)

Weak Below / Strong Above 18342
--------------------------------------------------------------------------------------------------------

F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 29th Apr, 2015

Update on Nifty

Weak below 8220 Nifty Spot.

Update on Nifty Spot

Close above 8308 needed for keeping the positive hopes alive by change of bias. We could be looking at a very complex structure and which hasn't been confirmed yet!

Nifty and Banknifty Future Key Level(s) for 29th April, 2015

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Negative)

Weak Below / Strong Above 8285. 
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Banknifty Future (Bias -  Positive)


Weak Below / Strong Above 18200. 
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Update

Some pause signalled.

Critical Levels for Intraday

The Bull / Bear levels are above and below these levels. So trade accordingly :

8234 Nifty Future / 8226 Nifty Spot
17941 Banknifty Future / 17922 Banknifty Spot.

Nifty and Banknifty Future Key Level(s) for 28th April, 2015

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Negative)

Weak Below / Strong Above 8197. 
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Banknifty Future (Bias -  Negative)

Weak Below / Strong Above 17830. 
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F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 27th Apr, 2015

Update on Nifty and Banknifty Future

17968 for Banknifty Future and 8285 for Nifty Future is the Bull / Bear line.

Update

Rally has given desired number of points already. 

Update on Nifty Future

Watch if Nifty Future Closes above 8300 today, the longs may be carried forward then.

Update on Nifty Future

Longs may be initiated here at Nifty Future @8230 for 50-60 points rally or more.

Update on Nifty Future

Strength Above 8321 for Nifty Future.

Update on OI data for Nifty Spot

Heavy call builtup near 8400  which suggests serious resistance there and 8300 is a serious support for bulls.

Update on Nifty and Banknifty Future

For Nifty Future a rally is likely if it stays above 8301.
For Banknifty future the rally is going to happen staying above 18047.

Update on NIfty and Banknifty Spot

If Friday's low holds Nifty Spot may Rally to achieve 8361.80 - 8389.15 - 8504.95
If Friday's low holds Banknifty Spot may Rally to achieve 18114.25 - 18236.30 - 18323.15 - 18314/18388.70 - 18433.80 - 18794.5

The prices may halt / turn after achieving any one or all of the Targets.

Nifty and Banknifty Future Key Level(s) for 27th April, 2015

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Neutral)

Weak Below / Strong Above 8351. 
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Banknifty Future (Bias -  Neutral)

Weak Below / Strong Above 18047. 
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F&O Cues

F&O Cues Updated.

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

Update on Nifty and Banknifty Future

Intra-day strength above 8351 for Nifty Future and above 18091 for Banknifty Future.

Update on Nifty

Now 8400-8450 will be huge resistance for Nifty Spot. Sell on rallies continues as bias is down.

Nifty and Banknifty Future Key Level(s) for 24th April, 2015

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Neutral)

Weak Below / Strong Above 8421.  
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Banknifty Future (Bias -  Neutral)

Weak Below / Strong Above 18270. 
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Update on Nifty Spot

Structure looks unsure till date. A close above 8450 and sustenance will tilt things on the bull's side and a close below 8360 and sustenance will tilt things on the bear's side.  As of now highly volatile moves expected both sides. Dips towards 8350 may be used to buy and rise towards 8500 may be used to sell.  Keep trading till the range breaks!  All are Nifty Spot values

F&O Cues

F&O Cues Updated.

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

Update

No change of bias yet!

Update

Bias change is the confirmation and all trades in the direction becomes safe thereafter till next bias change!

Update

Can't rule out yesterday like recovery holding the day low.

Update on Nifty

Caution as Nifty has weakened since morning jackup!

Update on Nifty Future

8460-8470 Good support for Nifty Future.

Update on Nifty and Banknifty Spot

Close above 8450 Nifty Spot will confirm bias change today and same number for Banknifty spot is 18298.

Nifty and Banknifty Future Key Level(s) for 23rd April, 2015

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Neutral)

Weak Below / Strong Above 8508.  
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Banknifty Future (Bias -  Neutral)

Weak Below / Strong Above 18365. 
------------------------------------------------------------------------------------------------------

F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 22nd Apr, 2015

Update

A five up almost done from day's low and now market has turned to buy on dips. So, buy at tomorrow's pullback.

Update

Downtrend has certainly paused!

Update

Shorts may be little careful here.

Update

Profit booking and reentering again at some rally is the trade for bear moves.

Update

Weakness is very apparent. Sell on Rallies till now bias is negative.

Update on Nifty Spot and Future

Trade positive   above 8399 Nifty Spot and 8425 Nifty Future and
Trade Negative below 8399 Nifty Spot and 8425 Nifty Future!

Nifty and Banknifty Future Key Level(s) for 22nd April, 2015

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Negative)

Weak Below / Strong Above 8417. 
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Banknifty Future (Bias -  Negative)

Weak Below / Strong Above 18161. 
--------------------------------------------------------------------------------------------------------

Update on Nifty Spot

Bias is still down nothing is suggesting longs here. Oversold bounces are coming. No speculative longs are justified here till bias changes.

Update on Nifty Spot

Bull - bear fight on and we have to observe the close. Perhaps today bulls are winning if prices close somewhere here CMP 8436 Nifty Spot. May be some pullback is due!

Update on Nifty Spot

Below 8384 Nifty Spot earlier low (8269) will be immediately under threat. Last support this is.

Update on Nifty

Some good bounce got sold off ! Bias is still negative.

Update on Nifty Future

8517-8523 is the main resistance for Nifty Future today.

Update on Nifty Spot

If nifty is able to bottom out for a bias change in the range of 8384-8436 the earlier posted chart showing b of e-leg is still valid and Nifty may bounce for c-leg up of e-leg of 3rd corrective from these levels. However, if the last low of 8269 is retraced fully the chart would change. So, shorts watchout the range!! Nifty may hit a short term bottom soon (Need confirmation!).

Nifty and Banknifty Future Key Level(s) for 21st April, 2015

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Negative)

Weak Below / Strong Above 8464.  
-------------------------------------------------------------------------------------------------------

Banknifty Future (Bias -  Negative)

Weak Below / Strong Above 18214. 
------------------------------------------------------------------------------------------------------

F&O Cues

F&O Cues Updated.

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

Update on Banknfity Spot

Banknifty Count needs to be modified.  will come up with it soon.  Now we need to sell on rallies till bias changes.

Update on Nifty Spot

Nifty looking very bearish and levels are falling easily.  50% retracement done for the last rally already today.  There is an alternate structure which suggests an extracting triangle and immediate first target  may be around 8000 level.  A low below 8269 to be done within next 7 days!!

Update on Nifty Spot

Nifty has come to strong support zone part booking of shorts better here CMP 8480.55. No longs yet suggested till bias changes.

Update on Nifty Spot

Huge support at 8500 Nifty. Hourly is getting oversold. 

Update on Nifty Spot

Bias has turned down clearly and the present situation is sell on rallies till bias(See Education) changes.  The present correction has been considered as the b-leg of e-leg up of third corrective upmove. Unless a new low below 8269 is created within next 8 days, the b-leg down count remains.

Nifty and Banknifty Future Key Level(s) for 20th April, 2015

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Negative)

Weak Below / Strong Above 8598.  

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Banknifty Future (Bias -  Negative)

Weak Below / Strong Above 18330.

--------------------------------------------------------------------------------------------------------

F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 17th Apr, 2015

Update on Nifty Spot

b-leg down confirmed after the 10 day a-leg up and may retrace even upto 61.8 - 80% of a-leg. So now the trend is sell on rallies till bias changes to positive. The bull market corrections are normally of 2-3 days and hence monday and thereafter we need to keep an eye on trend reversal, if any.

The retracement targets
38.2% -  8625
50%    -  8557
61.8% -  8489
80%    -  8384

Update

Sorry guys big Net problem since yesterday!!

Update

Nifty has a confirmed lower low and lower high today. Tomorrow is the trend confirmation day.  

Update on Nifty Future

Nifty Future Bounced exactly from huge support zone and now strength above 8717.

Update on Nifty Future

8670-8674 Huge support (below it very weak)  for Nifty Future strength above 8717.

Update on Nifty Future

Some quick trading moves did come with profit booking opportunities.   TCS result in the 2nd half.  Caution if sustains below 8711.

Update

Some buying attempts may be made here itself. Nifty Spot on strong support zone.

Update on Nifty and Banknifty Future

8675-8695 is the buying zone for Nifty Future. 18400-18500 buying zone for Banknifty future.

Update

Nifty Future above Weak below level (8758)  and Banknifty  Future below weak below level (18744).

Update on Nifty Spot

Buy on dips. 8680-8720 huge support. 

Nifty and Banknifty Future Key Level(s) for 16th April, 2015

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Neutral)

Weak Below / Strong Above 8758. 
---------------------------------------------------------------------------------------------------------

Banknifty Future (Bias -  Neutral)

Weak Below / Strong Above 18744.
--------------------------------------------------------------------------------------------------------

F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 15th Apr, 2015

Update

8680-8725 Big support as seen earlier.  So holding this a rally may resume (after x-wave down for unfinished a-leg up)  / unfold( as b of b-leg down)  at some time tomorrow / Day after.

Update

Now longs are not suggested here. Hope longs exited below :

Weak Below / Strong Above 8842 For Nifty Future.


Weak Below / Strong Above 18824 for Banknifty Future.

Update on Nifty Spot

Close below 8762 may confirm change of bias and may indicate the completion of a-leg up of e-leg and the commencement of b-leg / x-leg of an unfinished a-leg of e-leg. The swift downmove will be the a-leg of b-leg down or an x-wave with a-leg up of e-leg. We need EOD price confirmation.

Update on Nifty Future

After 8888, 8900-8910 resistance for the day for Nifty Future.

Update on Nifty and Banknifty

Buy on dips and positive momentum continuing.

Nifty Spot Hourly Chart as on EOD 10th April, 2015

        We are in the a-leg of e-leg up of the third corrective diametric.

Nifty and Banknifty Future Key Level(s) for 15th April, 2015

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Positive)

Weak Below / Strong Above 8842.  
---------------------------------------------------------------------------------------------------------

Banknifty Future (Bias -  Positive)

Weak Below / Strong Above 18824. 

------------------------------------------------------------------------------------------------------

F&O Cues

F&O Cues Updated.

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

Update

Caution with longs sharp dip may come.  Routine falls, all sharp falls needs to be bought unless bias changes.

Update on Nifty Future

8876 Nifty Future is the biggest resistance for the day.

Update

All is well now!

Update

Some intraday weakness visible.

Update

Watch levels to trade.

Update on Nifty and Banknifty Future for the day

8808 plus Strength in Nifty Future and 18857 plus Strength in Banknifty Future. 
8779 minus Weakness in Nifty Future and 18796 minus Weakness in Banknifty Future. 

Update on Nifty and Banknifty Spot

No worries on either Indexes yet. Watch bias keep buying on Dips. For the Week Nifty Spot Bullish Above 8789 and Banknifty Spot Bullish Above 18899.

Nifty Future Data Levels for 13th April, 2015

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Positive)

Weak Below / Strong Above 8822.  
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Banknifty Future (Bias -  Positive)

Weak Below / Strong Above 18849. 
--------------------------------------------------------------------------------------------------------

F&O Cues

F&O Cues Updated.

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

Last point for the day

Nifty, Banknifty consolidated the gains ahead of IIP data. Tuesday is holiday next week. Trend is firmly up without any worry as of now.

Update

Bias up Buy on Dips must.

Update on Nifty and Banknifty Spot

Though Series Target is quite high for both Nifty and Banknifty some caution needed for Next 2-3 days. Watch bias. Positional Longs safe with S/L near 8700.

Weekend targets
Nifty Spot should test           8804(Min)-8824-8843(Max) Zone today
Banknifty Spot should test  19047-19088(Min) today

Nifty and Banknifty Future Key Level(s) for 10th April, 2015

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Positive)

Weak Below / Strong Above 8799.  
---------------------------------------------------------------------------------------------------------


Banknifty Future (Bias -  Positive)

Weak Below / Strong Above 18981. 
--------------------------------------------------------------------------------------------------------

F&O Cues

F&O Cues Updated.

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

Update

Just remain long and especially in Banknifty returns may be more rewarding in the short term. Watch the Bias.

Update on nifty and Banknifty

Banknifty outperforming and Nifty and Banknifty both offered a good buying opportunity.

Update on Nifty Future

Nifty Future may be sold sustaining below 8820 for some correction. When bias (see education) is positive a 60-100 point dips are good enough to square off shorts and even getting back to longs.

Update on Nifty Spot

A 5 wave move from 8269.15 is likely to complete now for today Selling at the Higher Side of the range will be useful for some correction. Positive Bias has been maintained.

Nifty Future Data Levels for 9th April, 2015

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Positive)

Weak Below / Strong Above 8782.
---------------------------------------------------------------------------------------------------------


Banknifty Future (Bias -  Neutral)

Weak Below 18464 / Strong Above 18544. 
--------------------------------------------------------------------------------------------------------

F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 8th Apr, 2015

Update on Nifty Spot

Exit all Longs ahead of IIP data tomorrow at this juncture.

Update on Nifty Spot

8700 holding one should get back to longs.

Update on Nifty Spot

Profit Booking here and to buy in 30-60 point dips once again is advisable CMP 8725. Nifty Testing 50 DMA at around 8721 on daily Chart and may offer some resistance for the day.

Update on Nifty

Trend is firmly up. Buy on all sharp intraday dips. 

Nifty Future Data Levels for 8th April, 2015

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Positive)

Weak Below / Strong Above 8765. 
-------------------------------------------------------------------------------------------------------

Banknifty Future (Bias -  Positive)

Weak Below / Strong Above 18767. 
--------------------------------------------------------------------------------------------------------

F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 7th Apr, 2015

Update on Nifty Spot

Nifty is really entertaining intraday basis. EOD close with all options open and positive bias intact!

Update on Nifty Spot

For positional traders buy on dips remains. All dips towards 8550-8600 Nifty Spot must be bought.

Update on Nifty Spot

With all probabilities x-wave up got over today and an ending triangle has started. We are observing the a-leg down of the triangle now. Very premature to say but will update the chart.

Update on Nifty Spot

8550-8580 Firm bottom for Nifty Spot. Caution for next 2 days.

Update

Caution with Longs.

Update

Cool Panic Buying opportunity given by market.

Update on Nifty and Banknifty Future

8710 Plus long only for Nifty Future and 18700 Plus long only for Banknifty Future.

Update on Nifty Spot

Buy in dips remains as long as bias is up. Nifty needs to do 8788-8794 in next 2 days as well. Buy the intraday panic.

Update on Nifty Spot

Hourly is very overbought. Suggest caution and booking of longs and waiting it out.

Nifty Future Data Levels for 7th April, 2015

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Positive)

Weak Below / Strong Above 8710. 
-------------------------------------------------------------------------------------------------------

Banknifty Future (Bias -  Positive)

Weak Below / Strong Above 18787. 
--------------------------------------------------------------------------------------------------------

F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 1st Apr, 2015

Update on Nifty Spot

Nifty Spot needs to test 8788.20 plus by next two days to confirm the e-leg up commencement.

Update on Nifty Spot

8632 on Nifty Spot Crucial for the uptrend.

Nifty Future Data Levels for 6th April, 2015

Nifty Future (Bias - Positive)

Weak Below / Strong Above 8652. 
-------------------------------------------------------------------------------------------------------

Banknifty Future (Bias -  Positive)

Weak Below / Strong Above 18787.

--------------------------------------------------------------------------------------------------------

F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 1st Apr, 2015

Update on Nifty Spot

8650-8850 needs to be watched in the coming week.  The major resistance for the month comes near 8800-9000. 

Update on Banknifty Spot

19350-19400 needs to be watched in the coming week.  The major resistance for the month comes near 20200-20600. 

Update

One can buy here for Gap up on monday, better in futures.

Update on Nifty Future

if 8566 is taken out with volume 8600 plus should come for Nifty Future.

Update on Nifty and Banknifty Spot

8454.15 for Nifty Spot and 18158.6  on Banknifty Spot are the bias change levels. All is well if the Indexes manages to hold above that.  From the Truncated week end perspective 8469/70 is crucial for Nifty Spot to hold on and the similar level for Banknifty Spot is 18299.

Nifty Future Data Levels for 1st April, 2015

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Positive)

-- 8475-8487 -   8505-8511 -  8520-8529  -   8553-8566 -  8580-8593 -  8603  -  8634 ++
---------------------------------------------------------------------------------------------------------------

Banknifty Future (Bias -  Positive)
-- 18167 - 18250-18314 - 18385-18453 - 18507-18570 - 18605-18671 - 18766 ++
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