Friday, April 24, 2015

Update on Nifty and Banknifty Future

Intra-day strength above 8351 for Nifty Future and above 18091 for Banknifty Future.

Update on Nifty

Now 8400-8450 will be huge resistance for Nifty Spot. Sell on rallies continues as bias is down.

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

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Neutral)

Weak Below / Strong Above 8421.  
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Banknifty Future (Bias -  Neutral)

Weak Below / Strong Above 18270. 
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Update on Nifty Spot

Structure looks unsure till date. A close above 8450 and sustenance will tilt things on the bull's side and a close below 8360 and sustenance will tilt things on the bear's side.  As of now highly volatile moves expected both sides. Dips towards 8350 may be used to buy and rise towards 8500 may be used to sell.  Keep trading till the range breaks!  All are Nifty Spot values

F&O Cues

F&O Cues Updated.

Murrey Math and Options data based position - EOD 23rd Apr, 2015