Nifty Chart EOD 29th Sep, 2015

Nifty correction  as a-leg of the entire correction or the correction itself is getting completed as an extracting triangle or a diametric. Let us see what it is!  Breakout above b-d line will be  the confirmation that the correction is over. In 6 days including today Nifty has to attempt 8055 plus  for faster retracement of the last leg. Which will confirm the correction over or larger a-leg of correction over. In both cases Nifty has to move up. Else a diametric second leg of corrective is still going on and will take some more time to get over.

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

TRADE the Levels, Charts Can Adjust.
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Nifty Future (Bias -Negative) -  Key Number for the day 7881

Weak Below / Strong Above 7859.  

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Banknifty Future (Bias -  Negative) - Key Number for the day 17400

Weak Below / Strong Above 17390.  

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

TRADE the Levels, Charts Can Adjust.
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Nifty Future (Bias -Negative) -  Key Number for the day 7754

Weak Below / Strong Above 7770.  
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Banknifty Future (Bias -  Negative) - Key Number for the day 16990

Weak Below / Strong Above 17090.  

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Nifty Spot Daily Chart as on EOD 24th Sep, 2015

Nifty probably forming a bullish extracting triangle for completion of the corrective phase.  The break of b-d line will confirm the bullish upmove.

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

TRADE the Levels, Charts Can Adjust.

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Nifty Future (Bias -Negative) -  Key Number for the day 7843

Weak Below / Strong Above 7869.  

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Banknifty Future (Bias -  Negative) - Key Number for the day 17326

Weak Below / Strong Above 17359. 

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Update on Nifty Spot

7838 Nifty Spot will decide the fate of expiry today!!

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

TRADE the Levels, Charts Can Adjust.
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Nifty Future (Bias -Negative) -  Key Number for the day 7838

Weak Below / Strong Above 7869.  

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Banknifty Future (Bias -  Negative) - Key Number for the day 17235

Weak Below / Strong Above 17359.  

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Nifty Spot Daily Chart as on EOD 22nd Sep, 2014

d-leg ended and swiftly Nifty has moved down for the e-leg of the diametric. Let us watch out for the next 2 days.

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

TRADE the Levels, Charts Can Adjust.

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Nifty Future (Bias -Negative) -  Key Number for the day 7768

Weak Below / Strong Above 7728.  

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Banknifty Future (Bias -  Negative) - Key Number for the day 16939

Weak Below / Strong Above 16863. 

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

TRADE the Levels, Charts Can Adjust.
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Nifty Future (Bias -Positive) -  Key Number for the day 8014

Weak Below / Strong Above 7951.  

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Banknifty Future (Bias -  Positive) - Key Number for the day 17611

Weak Below / Strong Above 17514.  

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

TRADE the Levels, Charts Can Adjust.
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Nifty Future (Bias -Positive) -  Key Number for the day 7980

Weak Below / Strong Above 7970. 

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Banknifty Future (Bias -  Positive) - Key Number for the day 17401

Weak Below / Strong Above 17422.  

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

TRADE the Levels, Charts Can Adjust.

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Nifty Future (Bias -Positive) -  Key Number for the day 7956

Weak Below / Strong Above 7963.  
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Banknifty Future (Bias -  Positive) - Key Number for the day 17089

Weak Below / Strong Above 17096.  

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Nifty Spot Hourly Chart as on Opening Hour 16th Sep, 2015

Ahead of FED the chart looks like this. Day end carrying longs is risky unless Nifty Spot closes comfortably above 7894 and Hourly Oscillators aren't overbought.

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

TRADE the Levels, Charts Can Adjust.
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Nifty Future (Bias -Positive) -  Key Number for the day 7891

Weak Below / Strong Above 7913.  

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Banknifty Future (Bias -  Positive) - Key Number for the day 16936

Weak Below / Strong Above 16936.  
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Murrey Math and Options data based position - EOD 15th Sep, 2015

Pre-Market Levels For 15th Sep, 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 -Positive) -  Key Number for the day 7830

Trade This  [ - 7830-7857 - (Must touch) - 7893-7920(Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 7879.  7921 is Day Shocker.  Day SAR is at 7842.  7808 (Sustaining Below)/ EOD close Below is First S/L for Longs.
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Buy Above or Closer to 7877.20 Target1 - 7893.90  Target2 7922.05 Target3 - 7950.20  Target4 - 7955.03 Target5 - 7994.94 Target6 - 8034.86 Target7 - 8074.77 Target8 - 8114.69 S/L 7873.20-(aggr) /7835.29-(Cons)
OR
Buy Closer to or C.O Above 7795.37 - 7828.40  Target1 - 7856.50  Target2 - 7873.20-7877.20 Target3 - 7893.90  Target4 7922.05 Target5 - 7950.20  Target6 - 7955.03 Target7 - 7994.94 Target8 - 8034.86 Target9 - 8074.77 Target10 - 8114.69 S/L 7795.37 or Day's Low
OR
Buy Closer to 7715.54 - 7755.46 Range  Target1 - 7795.37 Target2 - 7800.20 - 7828.40  Target3 - 7856.50  Target4 - 7873.20-7877.20 Target5 - 7893.90  Target6 7922.05 Target7 - 7950.20  Target8 - 7955.03 Target9 - 7994.94 Target10 - 8034.86 Target9 - 8074.77 Target10 - 8114.69 S/L 7695.59 Or Day Low
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Sell Below or Closer to 7873.20 Target1 - 7856.50  Target2 - 7828.40  Target3 - 7800.20 Target4 - 7795.37 Target5 - 7755.46 Target6 - 7715.54 Target7 - 7675.63 Target8 - 7635.71 S/L 7877.20-(aggr) /7915.11-(Cons)
OR
Sell Closer to  or C.O Below 7955.03 - 7950.20  Target1 - 7893.90  Target2 - 7877.20-7873.20 Target3 - 7856.50  Target4 - 7828.40  Target5 - 7800.20 Target6 - 7795.37 Target7 - 7755.46 Target8 - 7715.54 Target9 - 7675.63 Target10 - 7635.71 S/L 7955.03 or Day's High
OR
Sell Closer to 7994.94 - 8034.86 Range  Target1 - 7955.03 Target2 - 7922.05 - 7950.20  Target3 - 7893.90  Target4 - 7877.20-7873.20 Target5 - 7856.50  Target6 - 7828.40  Target7 - 7800.20 Target8 - 7795.37 Target9 - 7755.46 Target10 - 7715.54 Target11 - 7675.63 Target12 - 7635.71 S/L 8054.81 or Day's High  
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Banknifty Future (Bias -  Positive) - Key Number for the day 16806

Trade This  [ - 16823-16846 - (Must touch) - 16995-17017 (Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 16936.  17047 is Day Shocker.  Day SAR is at 16727.  16646 (Sustaining Below)/ EOD close Below is First S/L for Longs.
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Buy Above or Closer to 16924.35 Target1 - 16938.80  Target2 16966.90 Target3 - 16995.10  Target4 - 17157.41 Target5 - 17276.09 Target6 - 17394.77 Target7 - 17513.45 Target8 - 17632.13 S/L 16915.75-(aggr) /16801.37-(Cons)
OR
Buy Closer to or C.O Above 16682.69 - 16873.20  Target1 - 16901.40  Target2 - 16915.75-16924.35 Target3 - 16938.80  Target4 16966.90 Target5 - 16995.10  Target6 - 17157.41 Target7 - 17276.09 Target8 - 17394.77 Target9 - 17513.45 Target10 - 17632.13 S/L 16682.69 or Day's Low
OR
Buy Closer to 16445.33 - 16564.01 Range  Target1 - 16682.69 Target2 - 16845.05 - 16873.20  Target3 - 16901.40  Target4 - 16915.75-16924.35 Target5 - 16938.80  Target6 16966.90 Target7 - 16995.10  Target8 - 17157.41 Target9 - 17276.09 Target10 - 17394.77 Target9 - 17513.45 Target10 - 17632.13 S/L 16385.99 Or Day Low
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Sell Below or Closer to 16915.75 Target1 - 16901.40  Target2 - 16873.20  Target3 - 16845.05 Target4 - 16682.69 Target5 - 16564.01 Target6 - 16445.33 Target7 - 16326.65 Target8 - 16207.97 S/L 16924.35-(aggr) /17038.73-(Cons)
OR
Sell Closer to  or C.O Below 17157.41 - 16995.10  Target1 - 16938.80  Target2 - 16924.35-16915.75 Target3 - 16901.40  Target4 - 16873.20  Target5 - 16845.05 Target6 - 16682.69 Target7 - 16564.01 Target8 - 16445.33 Target9 - 16326.65 Target10 - 16207.97 S/L 17157.41 or Day's High
OR
Sell Closer to 17276.09 - 17394.77 Range  Target1 - 17157.41 Target2 - 16966.90 - 16995.10  Target3 - 16938.80  Target4 - 16924.35-16915.75 Target5 - 16901.40  Target6 - 16873.20  Target7 - 16845.05 Target8 - 16682.69 Target9 - 16564.01 Target10 - 16445.33 Target11 - 16326.65 Target12 - 16207.97 S/L 17454.11 or Day's High  
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Nifty Spot Daily Chart as on 14th Sep, 2015

We are probably having rally as the d-leg up of the diametric  moment. 7881 and 7966 are the key resistance. 7966 is the equality with the b-leg for the d-leg and if this move goes beyond 7966 or not would determine whether the shape of the diametric is a bow-tie or a diamond.

Update

Nifty and Banknifty overbought in Hourly. So, it could be a hard work  to hold the current levels.

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

TRADE the Levels, Charts Can Adjust.

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Nifty Future (Bias -Positive) -  Key Number for the day 7830

Weak Below / Strong Above 7879.  
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Banknifty Future (Bias -  Positive) - Key Number for the day 16806

Weak Below / Strong Above 16936.  
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Nifty and Banknifty Future Key Level(s) for 14th Sep, 2015

TRADE the Levels, Charts Can Adjust.

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Nifty Future (Bias -Positive) -  Key Number for the day 7787

Weak Below / Strong Above 7809.  

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Banknifty Future (Bias -  Positive) - Key Number for the day 16624

Weak Below / Strong Above 16727.  

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F&O Cues

F&O Cues Updated.

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

Update on Nifty Spot

Close /below or above 7775 Nifty Spot that will determine weekly trend today.

Update on Nifty Spot

7850 plus closing only confirms some positional longs for Nifty Spot. 7883 is the next big resistance and still Nifty is in the d-leg up (unless 8043.6 is crossed in 4 days) of the expected diametric as posted earlier.

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

TRADE the Levels, Charts Can Adjust.
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Nifty Future (Bias -Positive) -  Key Number for the day 7851

Weak Below / Strong Above 7809.  
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Banknifty Future (Bias -  Positive) - Key Number for the day 16721

Weak Below / Strong Above 16570.  
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F&O Cues

F&O Cues Updated.

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

Nifty Spot Hourly Chart as on 10th Sep, 2015 3 P.M

Probably an inverted H&S is forming on Nifty Spot hourly chart with breakout above 7850, so long as 7700 (round about) is holding, no worries. The chart would have to match with count too! If this breakout happens Nifty Spot can have another 300 points rally.

Update on Nifty and Banknifty Future

7727 Plus positive for Nifty Future and 16213 plus positive for Banknifty Future.

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

TRADE the Levels, Charts Can Adjust.

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Nifty Future (Bias -Positive) -  Key Number for the day 7745

Weak Below / Strong Above 7758.  

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Banknifty Future (Bias -  Positive) - Key Number for the day 16461

Weak Below / Strong Above 16441.  

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F&O Cues

F&O Cues Updated.

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

Update for Nifty Spot

Min Target and Min Hours done for d-leg. What is next ? Let us see tomorrow's price action!

Update on Nifty and Banknifty Future

7819 and 16688 crucial for Nifty and Banknifty Future for the day.

Nifty Spot Hourly Chart EOD 8th Sep, 2015

The 2nd corrective probably forming a diametric and we are up for the d-leg formation of the diametric. The key resistances are 7806 / 7883 / 7967 and Nifty should turn for it's e-leg from any one of these points. Above 8092 the count is out of contention. The leg should last for 12 - 20 Hours or more.

Nifty and Banknifty Future Key Level(s) for 9th Sep, 2015

TRADE the Levels, Charts Can Adjust.

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Nifty Future (Bias -Negative) -  Key Number for the day 7809

Weak Below / Strong Above 7779. 

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Banknifty Future (Bias -  Negative) - Key Number for the day 16570

Weak Below / Strong Above 16530.  

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F&O Cues

F&O Cues Updated.

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

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

TRADE the Levels, Charts Can Adjust.

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Nifty Future (Bias -Negative) -  Key Number for the day 7629

Weak Below / Strong Above 7593.  

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Banknifty Future (Bias -  Negative) - Key Number for the day 15939

Weak Below / Strong Above 15898.  

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F&O Cues

F&O Cues Updated.

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

Update on Nifty and Banknifty Future

Intraday 7664 for Nifty Future and  16146 for Banknifty Future will determine strength / Weakness.

Nifty EOD 4th Sep, 2015

The first round of correction after the x-wave may have got over at friday's (4th Sep, 2015) low and holding 7626.85.  Price went close to channel support and last rally was 424.30 Points. We have to watch for retracement levels from here if Nifty Stops making new lows. Today it should not close below 7626.85.

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

TRADE the Levels, Charts Can Adjust.

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Nifty Future (Bias -Negative)

Weak Below / Strong Above 7586.   Key Number for the day 7613.

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Banknifty Future (Bias -  Negative)

Weak Below / Strong Above 15940.  Key Number for the day 16038.

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Update on Nifty and Banknifty Future

7632 and 16122 are the critical numbers for the day.

Update on Nifty Spot

Strength above 7700 from here in Nifty Spot.

Nifty Spot Daily Chart As on 3rd Sep, 2014

This week's 3-4 day fall could not retrace the last week's 3 days rally fully. Only 92% has been retraced in more than 100% time. So, the activity is marked as b-leg of "b". Yesterday's rise could be c-leg of "b" and today's fall may be the commencement of larger "c"-leg down. Now confirmation of "c"-leg  down would be initally to break below 7795 channel bottom and followed by a close below 7699!!  Else we may have to revisit count.

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

TRADE the Levels, Charts Can Adjust.

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Nifty Future (Bias -Negative)

Weak Below / Strong Above 7830.  

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Banknifty Future (Bias -  Negative)

Weak Below / Strong Above 16521.  

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

TRADE the Levels, Charts Can Adjust.

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Nifty Future (Bias -Negative)

Weak Below / Strong Above 7767.  

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Banknifty Future (Bias -  Negative)

Weak Below / Strong Above 16340.  

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Nifty and Banknifty Future Key Level(s) for 2nd Sep, 2015

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias -Negative)

Weak Below / Strong Above 7790. 

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Banknifty Future (Bias - Negative)

Weak Below / Strong Above 16587.  
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