nifty view 07-06-2013

07-06-2013 NIFTY VIEW

TECHNICAL ANALYSIS 
follow up:-

NIFTY HIGH 5968 - LOW 5878 CLOSE 5933 AVG 5920.today our stop loss hit @ 5925.today pharma index is - ve & bank index & reality & finance in positive. mon - tue avg was 5963 & wed & thrs avg is 5924 so we can consider from 5924 till 5963  area is fresh short area.

 
DATA 

AS ON 06-06-2013 FII OI IS 230624 AS ON 05-06-2013 FII OPEN INTEREST was 257000.

fii net long wind up 26300 & net short add 12000 in index contract 

after long time  fii net sell in cash segment also.

conclusion :- go short if mrk open with gap down around 5910 sl 5943 trg 5850 or 5842 & more or if mrk open with flat @ 5933 then sl is 5963 trg will be 5884 & 5868. index wise pharma & auto is week go short any script in pharma  &  auto   (ALWAYS DO STOP LOSS) 

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