NIFTY VIEW FOR 21-06-2013
TECHNICAL ANALYSIS
follow up:-
follow up:-
NIFTY OPEN WITH GAP DOWN & CONSTANTLY ADDING SHORT.FIRST 15 MIN 35 LAC CONTACT TRADED & THAT AVG WAS 5705 NOW THIS IS IMPORTANT POINT FOR REFERENCE. NIFTY HIGH 5750 - LOW 5640 LTP 5640 AVG 5681.(5750 IS FLICK TRADE)
TODAY FII SOLD 2000 CR IN CASH.SELL IS COMING DUE TO $ IS STRONG.FROM HERE RS MAY TOUCH 60.35 OR 60.50 & WE CAN CONSIDER TEMPORARY TOP.
NIFTY START SELLING FROM 6136 TILL 5695 NET 441 POINT FROM THERE WENT UP TILL 5868 (5868-5695= 173) (WE REF 5868 POINT VERY STRONGLY THAT FII ADD 60000 CONT @ 11 JUNE @ THIS AVG PRICE)
FROM 5868 4% is 5636 & 6% is 5516. we can consider as temp bottom near this price
FROM 5868 4% is 5636 & 6% is 5516. we can consider as temp bottom near this price
DATA
AS ON 19-06-2013 FII OI was 436000 AS ON 20-06-2013 FII
OPEN INTEREST is 494000 TODAY ALSO NET 37000 CONTRACT SHORT GENERATED IN SYSTEM. OVERALL GROSS OPEN INTEREST ADD BY 58000 TODAY ALSO INDEX BASE SELL CAME.BUT CREATE LONG POSITION @ STOCK FUT.(THIS CAN BE SHORT COVING)
in cash segment NET 2000 CR SOLD by fii
conclusion :-
now we must look for trading range from 5575 & 5725 (5776 is next selling avg of fii in index)roll over will keep market in range next move will be open after roll over
(ALWAYS EXECUTE YOUR STOP LOSS)
No comments:
Post a Comment