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Sunday, June 30, 2013

NIFTY VIEW FOR 01-07-2013

NIFTY VIEW FOR 01-07-2013


28-06-2013 


TECHNICAL ANALYSIS 

follow up:-
 NIFTY  HIGH 5852 - LOW 5761 ltp 5832 AVG 5804.75, June month avg is 5785,last two days avg is 5732.in three days nifty swing up very fast from 5572 to 5852 .we have seen power of short covering.
after expiry nifty open with gap up & in one hour chart  not a single time came down     

DATA 
AS ON 26-06-2013 FII OI was 576  AS ON 27-06-2013 FII OPEN INTEREST  is 255, entire short expiry on  27 June & net result was long position is higher then short & on Friday more long added in system,28-06-2013 oi is 316 fresh 58000 long added to system this is very important that fii long adding aggressively.  

cash segment 1184 cr net long. 
conclusion :-
go long in market i feel go aggressively long in market with stop loss of 5784 
keep reference point in mind 
my reading says nifty will not able to cut down 5785,if in 3 DAYS nifty not came down & keeping in narrow range, then we will be see strong up move.

but in any case nifty violet 5785 then do not participate aggressively.
  
instated of time out price better go buying with put
 
go long in stock (buy stock & buy put & leave it to expiry    

(ALWAYS EXECUTE YOUR  STOP LOSS) 

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