NIFTY VIEW FOR 18-06-2013

                                                             MONDAY, June 17, 2013

 

                    NIFTY VIEW FOR 18-06-2013

TECHNICAL ANALYSIS 
follow up:-

NIFTY HIGH 5852 - LOW 5770 ltp 5848 AVG 5815 .LAST TWO DAY AVG IS 5765.FRIDAY AVG IS 5715 & TODAY AVG 5815 100 POINT ABOVE FROM FRIDAY (50 % RETRENCHMENT IS 5906)

TODAY MRK OPEN WITH GAP up  & CAME DOWN WHEN RBI ANNOUNCE CREDIT POLICY. AS SOON AS CR POLICY OVER.MAJOR BANKING SECTOR START MOVING UP.FII TOADY ALSO NET SELL IN CASH & FO.   

DATA   

AS ON 14-06-2013 FII OI was 354000 AS ON 17-06-2013 FII OPEN INTEREST  is 39800 TODAY ALSO NET 10000 CONTRACT SHORT GENERATED IN SYSTEM. OVERALL GROSS OPEN INTEREST  ADD BY 44000 NOW EVEN MORE  SHORT IS HIGHER THEN LONG    

  

in cash segment NET 165 CR SOLD by fii

conclusion :- 

GAP UP IS CHANCE FOR POSITIONAL SELLING IN MARKET.IF OPEN @ 5868 SELL TILL 5888,STILL  GOING UP THEN WE WILL ANALYSIS AGAIN @ 5923 (5923 IS NOT A STOP LOSS WE MAY SELL @ THIS PRICE)    THIS MONTH AVG IS 5878

OPTION STRATEGY STILL CONTINUE

OPTION STRATEGY GO SHORT 5800 CALL PUT IN CURRENT MONTH & BUY NEXT MONTH 5700 PUT & 5900 CALL (ITS HEDGE BOTH SIDE)

                             OR   

GO SHORT 5800 CALL PUT  IN CURRENT MONTH & BUY NEXT MONTH 5600 PUT  & 6000  (ITS HEDGE BOTH SIDE)

(ALWAYS EXECUTE YOUR  STOP LOSS) 

FROM 6119 TO 5693 IS 7%.(50 % RETRENCHMENT IS 5906)

NIFTY MONTH TO MONTH SWING IS 7 %  (6119-5693)