12-06-2013 NIFTY VIEW FOR WEDNESDAY

12-06-2013 NIFTY VIEW FOR WEDNESDAY 

11-06-2013 

TECHNICAL ANALYSIS 
follow up:-

MONDAY NIFTY WAS HIGH 5878 - LOW 5793 ltp 5797 AVG 5827.8  month avg is 5931.THIS WEEK AVG IS 5866.

Today high 5877 is last week BOTTOM FROM WHERE MRK WAS GOING UP,Today market close near 5.5% FROM TOP OF 6119.

AT THIS POINT I WILL NOT SHORT ON MARKET .BUT MODERATE BEARISH ON MARKET.NIFTY FALL BEFORE TIME & 5750 IS GOOD SUPPORT & 1ST RESISTANCE IS 5826 & THEN 2ND RESISTANCE  THIS WEEK AVG (IE 5866) Today Indian vix is jump by 8 % I FEEL NOW THIS WEEK WILL BE IN TRADING RANGE 5750 & 5868

TODAY INR MADE NEW ALL TIME HIGH 59.135 IN FUT. I FEEL RUPEE WILL ENTRENCH TILL 57.92.  

DATA 

AS ON 10-06-2013 FII OI was 228000 AS ON 11-06-2013 FII OPEN INTEREST  is 272000 TODAY NET 63000 CONTRACT SHORT IN SYSTEM & NOW LONG & SHORT ARE EQUAL MAJOR SHORT GENERATE IS TODAY  

  

in cash segment 800 cr net sell by fii

conclusion :- 

NOW I WILL  LOOK FOR BUYING OPPORTUNITY IF NIFTY OPEN GAP DOWN @ 5785 OR 5775 I WILL GO LONG WITH SL OF 5748 & IF MRK OPEN WITH GAP UP AROUND 5815 THEN I WILL SHORT TILL 5825 & SL 5833.AND IN OPTION I WILL DO SHORT 5900 CALL & 5700 PUT FOR THIS WEEK  

(ALWAYS EXECUTE YOUR  STOP LOSS) 

FROM 6119 TO 5793 IS 5.5%.

WHAT WE EXPECT IN MONTH IS DONE WITHIN 7 DAYS OF WORKING.  WE MAY SEE MORE FALL BEFORE THAT WE CAN SEE 1 UP MOVE AS RETRENCHMENT UP TO 5868 THEN WE WILL REVIEW NEXT TARGET    

NIFTY MONTH TO MONTH SWING IS 6 %  (6119-5793)