NIFTY VIEW FOR 13-06-2013

 NIFTY VIEW FOR 13-06-2013

12-06-2013 

TECHNICAL ANALYSIS 
follow up:-

NIFTY HIGH 5808 - LOW 5747 ltp 5777 AVG 5779  month avg is 5913.THIS WEEK AVG IS 5837.

TODAY MRK OPEN WITH GAP DOWN & TRADE IN RANGE FROM 5750 TILL 5808 CLOSE & AVG IS SAME. FII TOADY ALSO NET SELL IN CASH & FO BUT  WIND UP IN OPTION.TOMORROW WE MAY SEE MIX SWING.B'COS OF FITCH RATING IS POSITIVE. FII  WILL GO FOR   SHORT COVERING   

AS PER OUR YESTERDAY BIOG NIFTY & $ BOTH MADE PERFECT BOTTOM IE 5750 & 57.92 

DATA   

AS ON 11-06-2013 FII OI was 272000 AS ON 12-06-2013 FII OPEN INTEREST  is 315000 TODAY NET 28000 CONTRACT SHORT GENERATED IN SYSTEM.  NOW  SHORT IS HIGHER THEN LONG    

  

in cash segment 1000 cr SOLD by fii

conclusion :- 

GAP UP IS CHANCE.IF MRK CREATE VOLUME IN FIRST 15 MIN MORE THEN 30 LAC THEN WAIT FOR MARKET TO GO UP TILL 5817 & 5825 THEN GO SHORT & FOR BUYING RANGE IF MARKET OPEN FLAT & IS FIRST 30 MIN CROSS HIS HIGH THEN GO LONG.

I FEEL TOMORROW WE CAN AVOID TRADING ALSO. 

OPTION STRATEGY GO SHORT 5800 CALL PUT IN CURRENT MONTH & BUY NEXT MONTH 5600 PUT & 5900 CALL (ITS HEDGE BOTH SIDE)   

(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)