Update on Nifty Spot

Strength above 8329 Nifty Spot and later above 8365.

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

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Negative)

Weak Below / Strong Above 8292.  

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Banknifty Future (Bias -  Negative)

Weak Below / Strong Above 18403.

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

TRADE the Levels, Charts Can Adjust.


Nifty Future (Bias - Negative)

Weak Below / Strong Above 8340.  

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Banknifty Future (Bias -  Positive)

Weak Below / Strong Above 18524.
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Pre-Market Levels For 28th May, 2015 for Intraday Working

TRADE the Levels, Charts Can Adjust.
For Nifty +/- 5/6 Points and for Banknifty +/-10-12 Points, is allowed deviation


Nifty Future (Bias - Negative)

Trade This [-- 8287-8314 (Must touch)  -  8350-8377 (Must Touch)  ++]

Weak Below / Strong Above 8340.  8340 is Day Shocker.  Day SAR is at 8292.  8357 (Sustaining Above)/ EOD close Above is First S/L for Shorts.
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Buy Above or Closer to 8333.75 Target1 - 8350.50  Target2 8378.60 Target3 - 8391.60  Target4 - 8406.75 Target5 - 8429.15 Target6 - 8451.50 Target7 - 8481.45 Target8 - 8511.40 S/L 8329.75-(aggr) /8301.80-(Cons)
OR
Buy Closer to or C.O Above 8271.85 - 8284.90  Target1 - 8313.10  Target2 - 8329.75-8333.75 Target3 - 8350.50  Target4 8378.60 Target5 - 8391.60  Target6 - 8406.75 Target7 - 8429.15 Target8 - 8451.50 Target9 - 8481.45 Target10 - 8511.40 S/L 8271.85 or Day's Low
OR
Buy Closer to 8212.00 - 8234.35 Range  Target1 - 8256.75 Target2 - 8271.85 - 8284.90  Target3 - 8313.10  Target4 - 8329.75-8333.75 Target5 - 8350.50  Target6 8378.60 Target7 - 8391.60  Target8 - 8406.75 Target9 - 8429.15 Target10 - 8451.50 Target9 - 8481.45 Target10 - 8511.40 S/L 8197.00 Or Day Low
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Sell Below or Closer to 8329.75 Target1 - 8313.10  Target2 - 8284.90  Target3 - 8271.85 Target4 - 8256.75 Target5 - 8234.35 Target6 - 8212.00 Target7 - 8182.05 Target8 - 8152.10 S/L 8333.75-(aggr) /8361.70-(Cons)
OR
Sell Closer to  or C.O Below 8391.65 - 8391.60  Target1 - 8350.50  Target2 - 8333.75-8329.75 Target3 - 8313.10  Target4 - 8284.90  Target5 - 8271.85 Target6 - 8256.75 Target7 - 8234.35 Target8 - 8212.00 Target9 - 8182.05 Target10 - 8152.10 S/L 8391.65 or Day's High
OR
Sell Closer to 8429.15 - 8451.50 Range  Target1 - 8406.75 Target2 - 8378.60 - 8391.60  Target3 - 8350.50  Target4 - 8333.75-8329.75 Target5 - 8313.10  Target6 - 8284.90  Target7 - 8271.85 Target8 - 8256.75 Target9 - 8234.35 Target10 - 8212.00 Target11 - 8182.05 Target12 - 8152.10 S/L 8466.50 or Day's High  
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Banknifty Future (Bias -  Positive)

Trade This  [-- 18420-18439 (Must touch) - 18588-18607(Must Touch) ++] 

Weak Below / Strong Above 18524. 18311 is Day Shocker. Day SAR is at 18123.  18367 (Sustaining Above)/ EOD close below is First S/L forLongs.
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Buy Above or Closer to 18518.05 Target1 - 18532.30  Target2 18560.45 Target3 - 18588.60  Target4 - 18699.60 Target5 - 18792.60 Target6 - 18885.60 Target7 - 18978.60 Target8 - 19071.60 S/L 18509.15-(aggr) /18420.60-(Cons)
OR
Buy Closer to or C.O Above 18327.60 - 18466.70  Target1 - 18494.90  Target2 - 18509.15-18518.05 Target3 - 18532.30  Target4 18560.45 Target5 - 18588.60  Target6 - 18699.60 Target7 - 18792.60 Target8 - 18885.60 Target9 - 18978.60 Target10 - 19071.60 S/L 18327.60 or Day's Low
OR
Buy Closer to 18141.60 - 18234.60 Range  Target1 - 18327.60 Target2 - 18438.60 - 18466.70  Target3 - 18494.90  Target4 - 18509.15-18518.05 Target5 - 18532.30  Target6 18560.45 Target7 - 18588.60  Target8 - 18699.60 Target9 - 18792.60 Target10 - 18885.60 Target9 - 18978.60 Target10 - 19071.60 S/L 18095.10 Or Day Low
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Sell Below or Closer to 18509.15 Target1 - 18494.90  Target2 - 18466.70  Target3 - 18438.60 Target4 - 18327.60 Target5 - 18234.60 Target6 - 18141.60 Target7 - 18048.60 Target8 - 17955.60 S/L 18518.05-(aggr) /18606.60-(Cons)
OR
Sell Closer to  or C.O Below 18699.60 - 18588.60  Target1 - 18532.30  Target2 - 18518.05-18509.15 Target3 - 18494.90  Target4 - 18466.70  Target5 - 18438.60 Target6 - 18327.60 Target7 - 18234.60 Target8 - 18141.60 Target9 - 18048.60 Target10 - 17955.60 S/L 18699.60 or Day's High
OR
Sell Closer to 18792.60 - 18885.60 Range  Target1 - 18699.60 Target2 - 18560.45 - 18588.60  Target3 - 18532.30  Target4 - 18518.05-18509.15 Target5 - 18494.90  Target6 - 18466.70  Target7 - 18438.60 Target8 - 18327.60 Target9 - 18234.60 Target10 - 18141.60 Target11 - 18048.60 Target12 - 17955.60 S/L 18932.10 or Day's High  
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F&O Cues

F&O Cues Updated.

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

Update on Nifty and Banknifty Future

Intraday Strength Above
8340 for Nifty Future
13381 for Banknifty Future.

Update on Nifty Spot

8250-8270 must hold for larger rally to materialize else things may turn bearish.

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

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Negative)

Weak Below / Strong Above 8296.  

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Banknifty Future (Bias -  Negative)

Weak Below / Strong Above 18282. 
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F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 26th May, 2015

Intraday Update on Nifty and Banknifty Future

8350 Plus strength in Nifty Future
18286 Plus strength in Bank Nifty Future.

Nifty Spot 4 Hour Chart EOD 25th May, 2015

We are now in the b-leg down of the current 12 day old uptrend  that started from 7997.15. The 8300 zone is strong support on EOD basis for Nifty Spot and dips towards that should be bought. Nifty may remain sidewise for a while before moving up again for the c-leg. Worry will be there if Nifty keeps sustaining below 8300.

Nifty and Banknifty Future Key Level(s) for 26th May, 2015

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Negative)

Weak Below / Strong Above 8374.

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Banknifty Future (Bias -  Negative)

Weak Below / Strong Above 18329. 
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F&O Cues

F&O Cues Updated.

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

Nifty and Banknifty Future Key Level(s) for 25th May, 2015

TRADE the Levels, Charts Can Adjust.


Nifty Future (Bias - Positive)


Weak Below / Strong Above 8451.  

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Banknifty Future (Bias -  Positive)


Weak Below / Strong Above 18371.
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Nifty and Banknifty Future Key Level(s) for 22nd May, 2015

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Positive)

Weak Below / Strong Above 8378. 
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Banknifty Future (Bias -  Positive)

Weak Below / Strong Above 18486. 
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Update on Nifty Spot

Bias should remain positive and no correction should last for more than 2/3 days for continuation of the uptrend. 8365-8394 Support Area.

Nifty and Banknifty Future Key Level(s) for 18th May, 2015

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Positive)

Weak Below / Strong Above 8264. 
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Banknifty Future (Bias -  Positive)

Weak Below / Strong Above 18168. 

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

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Negative)

Weak Below / Strong Above 8279. 
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Banknifty Future (Bias -  Negative)

Weak Below / Strong Above 18176. 
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Update

Off  Day. Office Shifting! Also will not be in India from Monday(18th April, 2015) - Wednesday(20th April, 2015)!!

Update on Nifty Spot

Exit shorts if you are carrying, market may bottom by tomorrow. In 8050-8100 range exit all shorts and build longs for the month with s/l if  prices sustain below 8000.  Or one can just exit shorts and wait it out for confirmation tomorrow.

Update on Nifty Spot

Intraday bullish above 8290 for Nifty Spot, if Nifty crosses 8333 by 10 AM tomorrow then the g-leg down would be considered over.

Nifty Spot Hourly Chart EOD 12th May, 2015

Many possibilities exist. g-leg down had to retrace a minimum of 38.2% of f-leg of the diametric, which it has done. Now, the g-leg  can go down maximum upto 7770-7800 range as par the present structure. The bias change or faster retracement from here only can confirm that g-leg down is over. Staying cautious and selling on rallies is a better idea till then.

Nifty and Banknifty Future Key Level(s) for 13th May, 2015

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Negative)

Weak Below / Strong Above 8164. 

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Banknifty Future (Bias -  Negative)

Weak Below / Strong Above 17672.

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Update on Nifty Spot

8094 and 8064 last two key retracement levels. strength above 8150 for Nifty Spot.

Update on Nifty Spot

Needless to say that the g-leg down has opened for the diametric and minimum retracement of f-leg of 38.2% has been achieved. Accumulation must start near 8150- 8200 Nifty Spot levels.

Nifty and Banknifty Future Key Level(s) for 12th May, 2015

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Positive)

Weak Below / Strong Above 8345.  
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Banknifty Future (Bias -  Positive)

Weak Below / Strong Above 18214. 
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F&O Cues

F&O Cues Updated.

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

Update on Nifty Spot

Faster retracement of 8355.65 being keenly observed. 18 Hours vis a vis 10th hour running at the moment. So within next 8 hours if 8355.65 get crossed then we get the confirmation of one structure being over. We also get to know whether the current rally is the f-leg up of the downward corrective or not.

Nifty and Banknifty Future Key Level(s) for 11th May, 2015

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Positive)

Weak Below / Strong Above 8286.  
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Banknifty Future (Bias -  Positive)

Weak Below / Strong Above 18031. 
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F&O Cues

F&O Cues Updated.

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

Update on Nifty / Banknifty

Since Nifty is in the bottoming out process 8500 CE on June, 2015 and 19000 CE June, 2015 of Banknifty may be accumulated for good returns.

Nifty Hourly Chart EOD 7th May, 2015

There is a probable diametric structure in Play and sustaining above 8134 Nifty Spot Crucial for 8212 - 8248 and 8283(Max) before it comes down again for a correction. The structure is valid unless 8356 is crossed in 2 days. But it is near about / almost completing(completed?) a short time positional bottom.

Nifty and Banknifty Future Key Level(s) for 8th May, 2015

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Positive)


Weak Below / Strong Above 8131.  

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Banknifty Future (Bias -  Positive)


Weak Below / Strong Above 17623. 
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Murrey Math and Options data based position - EOD 7th May, 2015

Update on Nifty Spot

Nifty sustaining the 7995-8050 zone can lead to strong rebound in Nifty.

Nifty Spot Hourly Chart EOD 6th May, 2015

Nifty Spot 1st target is 7995(Approx.) and 2nd Target is 7774 (Approx.) in next 7 days (including today) as par the irregular c-failure flat pattern that has emerged.  Now 7995-8050 last strong Support Zone to be watched out. 

Nifty and Banknifty Future Key Level(s) for 7th May, 2015

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Negative)

Weak Below / Strong Above 8077.  

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Banknifty Future (Bias -  Positive)

Weak Below / Strong Above 17750. 
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F&O Cues

F&O Cues Updated.

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

Update on Nifty

GST has become a worry for FII's too!  Though structure was bearish ( irregular c-failure flat)  but OI data wasn't suggesting this much weakness. Staying below 8119 Nifty Spot has next support near 7990-8000 only.

Nifty and Banknifty Future Key Level(s) for 6th May, 2015

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Positive)

Weak Below / Strong Above 8330. 
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Banknifty Future (Bias -  Positive)

Weak Below / Strong Above 18483. 
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F&O Cues

F&O Cues Updated.

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

Update

Good recovery and now 8400-8425 big resistance.

Update on Nifty Future

Nifty Future bearish for the day as long as it remains below 8374-8394 range.

Nifty and Banknifty Future Key Level(s) for 5th May, 2015

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Positive)

Weak Below / Strong Above 8394.  

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Banknifty Future (Bias -  Positive)

Weak Below / Strong Above 18652. 

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Update on Nifty Spot

Nicely recovered after the fall. May attempt bit more today / tomorrow.

Update on Nifty

8340 providing strong resistance for Nifty Future and 8300-8310 for Nifty Spot. Some pullback may come from these levels. Stay alert for tomorrow.

Update on Nifty

Whether Nifty has bottomed out or not will be answered soon this month and chances are high that yes it might have!!  So, positional investing may start  right away with 10:90 Risk : Return.  Charts have so many possibilities so posting a chart is delayed till prices confirm.