Nifty and Banknifty Future Key Level(s) for 31st Aug, 2015

TRADE the Levels, Charts Can Adjust.

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Nifty Future (Bias -Positive)

Weak Below / Strong Above 8049.  

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Banknifty Future (Bias -  Positive)

Weak Below / Strong Above 17514.  

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Nifty Spot Daily Chart EOD 27th Aug, 2015

Clearly we are into b-leg of the 2nd corrective after x-wave completion as an symmetrical triangle at around 8500. The sharp and violent fall upto 7667.25 was a-leg and now b-leg up is continuing and it has made a high of 8061.95 till now. The 50% and 61.8% retracement marks are at around 8080 and 8180 levels. These two are the critical retracement markets which would determine the crucial structure of the 2nd corrective. We have to wait and watch here and the bias has turned up yesterday. 61.8% retracement is necessary to prove the fall was not an impulse.

Update on Nifty Future

8074 is the crucial level to watch for Nifty Future.

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

TRADE the Levels, Charts Can Adjust.

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Nifty Future (Bias -Positive)

Weak Below 8049 / Strong Above 8156.  

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Banknifty Future (Bias -  Positive)

Weak Below / Strong Above 17514.  

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Update on Nifty Spot

An inverted head and shoulder formation is visible on 15 min and above chart gain force above 7925/30 spot.

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

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias -Negative)



Weak Below / Strong Above 7908.  

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Banknifty Future (Bias -  Negative)

Weak Below / Strong Above 17141. 
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Nifty and Banknifty Future Key Level(s) for 26th Aug, 2015

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias -Negative)

Weak Below / Strong Above 7851.  

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Banknifty Future (Bias -  Negative)

Weak Below / Strong Above 17141. 

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

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias -Negative)

Weak Below / Strong Above 7738.  

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Banknifty Future (Bias -  Negative)

Weak Below / Strong Above 16664. 

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Update on Nifty Daily Chart EOD dated 24th August, 2015

Nifty has completed an x-wave and have started with second leg of correction. The a-leg down of the 2nd leg of correction may conclude on 25th morning (Tuesday).  Nifty is likely to pullback for b-leg up thereafter. 7723.85 is the place of strong support. If this doesn't hold risk for 7500 is high.

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

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias -Negative)

Weak Below 8113 / Strong Above 8141.

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Banknifty Future (Bias -  Negative)

Weak Below / Strong Above 17636. 

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

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias -Negative)

Weak Below / Strong Above 8327. 

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Banknifty Future (Bias -  Negative)

Weak Below / Strong Above 18213. 

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

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias -Positive)

Weak Below / Strong Above 8460.  

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Banknifty Future (Bias -  Positive)


Weak Below / Strong Above 18644.

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F&O Cues

F&O Cues Updated.

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

Nifty and Banknifty Future Key Level(s) for 19th Aug, 2015

TRADE the Levels, Charts Can Adjust.

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Nifty Future (Bias -Positive)

Weak Below / Strong Above 8488.  

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Banknifty Future (Bias -  Positive)

Weak Below / Strong Above 18803. 

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F&O Cues

F&O Cues Updated.

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

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

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

Nifty Future (Bias -Positive)

Weak Below / Strong Above 8493.  

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Banknifty Future (Bias -  Positive)

Weak Below / Strong Above 18808. 

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Update on Nifty Future

8534 / 8557 are the important resistances for Nifty Future.

Update on Nifty Future

If 8467 holds during pullbacks more highes.

Nifty and Banknifty Future Key Level(s) for 14th Aug, 2015

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Negative)

Weak Below / Strong Above 8426.  

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Banknifty Future (Bias -  Negative)

Weak Below / Strong Above 18340. 

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F&O Cues

F&O Cues Updated.

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

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

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Negative)

Weak Below / Strong Above 8373.  
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Banknifty Future (Bias -  Negative)


Weak Below / Strong Above 18231. 

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Update

Use the rally to book profit in longs.

Pre-Market Levels For 12th August, 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 [-- 8446-8473 (Must touch) - 8509-8536(Must Touch) ++]

Weak Below / Strong Above 8446.  8542 is Day Shocker.  Day SAR is at 8499.  8541 Sustaining Above)/ EOD close Above is First S/L for Shorts.
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Buy Above or Closer to 8492.80 Target1 - 8509.50  Target2 8537.50 Target3 - 8537.60  Target4 - 8565.80 Target5 - 8575.00 Target6 - 8584.25 Target7 - 8607.60 Target8 - 8630.95 S/L 8488.80-(aggr) /8467.45-(Cons)
OR
Buy Closer to or C.O Above 8444.10 - 8444.10  Target1 - 8472.10  Target2 - 8488.80-8492.80 Target3 - 8509.50  Target4 8537.50 Target5 - 8537.60  Target6 - 8565.80 Target7 - 8575.00 Target8 - 8584.25 Target9 - 8607.60 Target10 - 8630.95 S/L 8444.10 or Day's Low
OR
Buy Closer to 8397.35 - 8406.60 Range  Target1 - 8415.80 Target2 - 8443.95 - 8444.10  Target3 - 8472.10  Target4 - 8488.80-8492.80 Target5 - 8509.50  Target6 8537.50 Target7 - 8537.60  Target8 - 8565.80 Target9 - 8575.00 Target10 - 8584.25 Target9 - 8607.60 Target10 - 8630.95 S/L 8385.70 Or Day Low
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Sell Below or Closer to 8488.80 Target1 - 8472.10  Target2 - 8444.10  Target3 - 8443.95 Target4 - 8415.80 Target5 - 8406.60 Target6 - 8397.35 Target7 - 8374.00 Target8 - 8350.65 S/L 8492.80-(aggr) /8514.15-(Cons)
OR
Sell Closer to  or C.O Below 8537.50 - 8537.60  Target1 - 8509.50  Target2 - 8492.80-8488.80 Target3 - 8472.10  Target4 - 8444.10  Target5 - 8443.95 Target6 - 8415.80 Target7 - 8406.60 Target8 - 8397.35 Target9 - 8374.00 Target10 - 8350.65 S/L 8537.50 or Day's High 
OR
Sell Closer to 8575.00 - 8584.25 Range  Target1 - 8565.80 Target2 - 8537.50 - 8537.60  Target3 - 8509.50  Target4 - 8492.80-8488.80 Target5 - 8472.10  Target6 - 8444.10  Target7 - 8443.95 Target8 - 8415.80 Target9 - 8406.60 Target10 - 8397.35 Target11 - 8374.00 Target12 - 8350.65 S/L 8595.90 or Day's High  
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Banknifty Future (Bias -  Negative)

Trade This  [ -- 18547-18613 (Must touch) - 18762-18784(Must Touch) ++]

Weak Below / Strong Above 18590. 18849 is Day Shocker. Day SAR is at 18693.  18871 Sustaining Above)/ EOD close Above is First S/L for Shorts.
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Buy Above or Closer to 18691.45 Target1 - 18705.80  Target2 18733.90 Target3 - 18762.10  Target4 - 18829.85 Target5 - 18901.20 Target6 - 18972.60 Target7 - 19044.00 Target8 - 19115.40 S/L 18682.65-(aggr) /18615.65-(Cons)
OR
Buy Closer to or C.O Above 18544.30 - 18640.20  Target1 - 18668.40  Target2 - 18682.65-18691.45 Target3 - 18705.80  Target4 18733.90 Target5 - 18762.10  Target6 - 18829.85 Target7 - 18901.20 Target8 - 18972.60 Target9 - 19044.00 Target10 - 19115.40 S/L 18544.30 or Day's Low OR
Buy Closer to 18401.50 - 18472.90 Range  Target1 - 18544.30 Target2 - 18612.05 - 18640.20  Target3 - 18668.40  Target4 - 18682.65-18691.45 Target5 - 18705.80  Target6 18733.90 Target7 - 18762.10  Target8 - 18829.85 Target9 - 18901.20 Target10 - 18972.60 Target9 - 19044.00 Target10 - 19115.40 S/L 18365.80 Or Day Low
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Sell Below or Closer to 18682.65 Target1 - 18668.40  Target2 - 18640.20  Target3 - 18612.05 Target4 - 18544.30 Target5 - 18472.90 Target6 - 18401.50 Target7 - 18330.10 Target8 - 18258.70 S/L 18691.45-(aggr) /18758.45-(Cons)
OR
Sell Closer to  or C.O Below 18829.85 - 18762.10  Target1 - 18705.80  Target2 - 18691.45-18682.65 Target3 - 18668.40  Target4 - 18640.20  Target5 - 18612.05 Target6 - 18544.30 Target7 - 18472.90 Target8 - 18401.50 Target9 - 18330.10 Target10 - 18258.70 S/L 18829.85 or Day's High
OR
Sell Closer to 18901.20 - 18972.60 Range  Target1 - 18829.85 Target2 - 18733.90 - 18762.10  Target3 - 18705.80  Target4 - 18691.45-18682.65 Target5 - 18668.40  Target6 - 18640.20  Target7 - 18612.05 Target8 - 18544.30 Target9 - 18472.90 Target10 - 18401.50 Target11 - 18330.10 Target12 - 18258.70 S/L 19008.30 or Day's High  
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Update on Nifty and Banknifty

Buying should be attempted on Gap down for gap fill up or more cmp 8410.

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

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Negative)

Weak Below / Strong Above 8446.  

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Banknifty Future (Bias -  Negative)

Weak Below / Strong Above 18590. 

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F&O Cues

F&O Cues Updated.

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

Update on Nifty Spot

8497 plus close on Nifty spot will remove weakness and Nifty may attempt so.

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

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Negative)

Weak Below / Strong Above 8558. 

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Banknifty Future (Bias -  Negative)


Weak Below / Strong Above 18987. 

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Update on Nifty Future

Nifty Future stronger above 8636.

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

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Positive)

Weak Below / Strong Above 8574.  

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Banknifty Future (Bias -  Positive)

Weak Below / Strong Above 19010. 

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Update on Nifty and Banknifty

Maintain caution till monday atleast, on long positions. 

Trade with caution today being Friday the weekly trend may assert.  Banknifty may either go to 18831 or  19252-19413 today.

Nifty future bullish above 8611 and Banknifty Future 19055 only for today

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

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Positive)

Weak Below / Strong Above 8574.  

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Banknifty Future (Bias -  Positive)

Weak Below / Strong Above 19002. 

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EOD Update on Nifty and Banknifty Spot

Both Nifty and Banknifty Spot are at important resistance lines and under overbought conditions. Let us see how price behaves here impacting the charts.

F&O Cues

F&O Cues Updated.

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

Update on Nifty and Banknifty Future

Nifty and Banknifty both looking Overbought with negative divergences in oscillators. Staying out of longs or attempting to short here may give dividends. Nifty Future safe only above 8611 and Banknfity Future above 19203 for tomorrow.

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

TRADE the Levels, Charts Can Adjust.
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Nifty Future (Bias - Positive)

Weak Below / Strong Above 8552.  

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Banknifty Future (Bias -  Positive)


Weak Below / Strong Above 19055. 

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F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 4th August, 2015

Update on Nifty and Banknifty Future

Above 8534 Nifty Future and 18898 Banknifty Future Bulls will hold fort.

Nifty and Banknifty Future Key Level(s) for 4th Aug, 2015

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Positive)


Weak Below 8544 / Strong Above 8574. 

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Banknifty Future (Bias -  Positive)


Weak Below 18846 / Strong Above 18976. 

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Update on Banknifty Spot

Banknifty got resisted today at the mentioned 0-b line of diametric as expected near 19000-19100.

Nifty and Banknifty Future Key Level(s) for 3rd Aug, 2015

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Positive)


Weak Below 8540 / Strong Above 8574. 

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Banknifty Future (Bias -  Positive)

Weak Below 18771 / Strong Above 18843. 

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Banknifty Spot Chart EOD 31st July, 2015

Banknifty Probably has completed b-leg (92 days) of larger corrective at 17174.70 as a bow-tie diametric after the a-leg as neutral triangle(111 days). Last hurdle is 0-b Line resistance of the diametric, which is around 19000-19100 Levels.  Expecting a move up-to 23400 at least within next 6 Months.