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

Update on Nifty Spot

March, 2015 the wild moves month. Again a pause on bearishness with a bias change.  

Update on Nifty Spot

Close below 8690 weak and below 8664 weaker for Nifty Spot.

Update on Nifty Nad Banknifty Future

8711 + Nifty Future may go up further to 8750-8780

19183 + Banknifty Future can go upto 19500-19600

Update on Nifty Spot

Nifty Bouncing from yesterday's double bottom at 8612, in the near term that is the crucial number for the bulls.  Trend is firmly down and so it is sell on rallies until we see otherwise.  A close above 8664 will change the near term bias to positive. Lebelling of Nifty chart will be made with some more price confirmation.

Nifty Future Data Levels for 17th Mar, 2015

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Negative)
- 8609-8621 - 8642 - 8667-8675 - (8711) - 8729-8740 ++

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Banknifty Future (Bias -  Negative)
- 18597 - 18703 - 18874-18918 - 18990 - 19066 - 19134 - (19217) - 19277 - 19349 - 19421 ++
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