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.

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