NIFTY VIEW FOR 20-06-2013

NIFTY VIEW FOR 20-06-2013

TECHNICAL ANALYSIS 
follow up:-

NIFTY HIGH 5829 - LOW 5776 LTP 5832 AVG 5802.IN THE MARKET ROLL OVER IS GOING ON DUE TO THAT MARKET IS IN RANGE BOUND,TODAY EVENT @ USA DUE TO THAT WE MAY SEE SWING TOMORROW OVER ALL MARKET IS -VE IF ANY CASE SHORT COVERING WILL COME THEN WE MAY SEE 5906 OR 5925 OTHER WISE MARKET IS NOT ABLE TO CROSS 5845  (from 6119 to 5693, 50 % RETRENCHMENT IS 5906) NEXT TWO DAYS MARKET RANGE IS 5785 TILL 5868  (LAST TWO DAYS MARK TAKING SUPP AROUND 5815 & SELLING COMING AROUND 5848 

THIS FULL WEEK FII IS NET SELLER IN CASH, AVG OF 500 EACH DAY.SELL IS COMING DUE TO $ IS STRONG .FII TOADY ALSO NET SELL IN CASH & FO.   

DATA   

AS ON 18-06-2013 FII OI was 421000 AS ON 19-06-2013 FII OPEN INTEREST  is 436000 TODAY ALSO NET 10000 CONTRACT SHORT GENERATED IN SYSTEM. OVERALL GROSS OPEN INTEREST  ADD BY 25000 TODAY ALSO INDEX BASE SELL CAME.     

  

in cash segment NET 500 CR SOLD by fii

conclusion :- 

CHANCE FOR POSITIONAL SELLING IN MARKET IS OPPORTUNITY. 

WE ARE IN THE MONEY IN OPTION STRATEGY 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)