10-06-2013 NIFTY VIEW FOR MONDAY

nifty view 07-06-2013

07-06-2013 NIFTY VIEW

TECHNICAL ANALYSIS 
follow up:-

Friday NIFTY was HIGH 5990 - LOW 5883 CLOSE 5895 AVG 5935. month avg is 5959 & this week avg is 5939.again our stop loss hit but i am  still bearish on market.market is in trading range from 5920 till 5885 is support range & from 5945 till 5970 is resistance  if mrket open with gap up around 5935 & mrk not able to cross first 30 min avg then we can say -ve & visa-versa for bull (I WILL BE BEARISH TILL 6025 FOR MONTHLY BASIS ) 

$ TO INR IS NEAR 57 IF $ INR CROSS 57.20 WITH AVG & NIFTY CUT 5875 THEN WE WILL SEE NEW DOWN RANGE .IN $ TERM 1 RS WILL IMPACT 100 NIFTY  

DATA 

AS ON 06-06-2013 FII OI IS 230624 AS ON 05-06-2013 FII OPEN INTEREST was 230000 

fii net short add 17000 in index contract on friday  

in cash segment 150 cr net pur by fii

conclusion :- go short if mrk open with gap up around 5935 till 5955 trg 5850 or 5842 & more.                  (ALWAYS EXECUTE YOUR  STOP LOSS) 

NIFTY MONTH TO MONTH SWING IS 6 %  (6119-5878)