05-06-2013 NIFTY VIEW

05-06-2013 NIFTY VIEW

TECHNICAL ANALYSIS 
follow up:-

NIFTY HIGH 5952 - LOW 5896 CLOSE 5932 AVG 5924.as per yesterday blog as i expected in morning if mrk open below 5920 & cross high after 1 hour then mrk will be in up move but swing was not so high as i expected mrk not able to cross 5963. MONDAY & TUESDAY 5943 TILL 5925 WAS SUPPORT  ZONE FOR FII, BUT TODAY I FEEL FRESH SHORT ADDED FROM 5925 TILL 5952 SO IT BECAME HURDLES.   

 

DATA REFERENCE:-

AS ON 05-06-2013 FII OI IS 257000 AS ON 04-06-2013 FII OPEN INTEREST IS  25900.

TODAY INTERESTING THING IS THAT FII OI IS NOT CHANGE BUT WHEN WE REF BUY & SELL DIFF IS WE OBSERVED NET SELL      - 20,000 CONTACT OF INDEX ADD.   

conclusion :-NOW IF MRK OPEN FLATE 5935 GO SHORT & SL 5963 TRG WILL BE 5884 & 5878 OR IF MRK OPEN GAP DOWN AROUND 5908 THEN ALSO GO SHORT WITH SL OF 5933 OR IF MRK OPEN WITH HUGE GAP DOWN LIKE 5890 THEN KEEP WATCH ON VOLUME IF VOL IS MORE THEN 20 LAC WITHIN 15 MIN THEN GO SHORT & KEEP 6025 AS SL & TRG WILL BE 5843  (ALWAYS DO STOP LOSS) 

NIFTY MONTH TO MONTH SWING IS 6 %  (6119-5921)MRK MOVE 3.25% TILL DATE