NIFTY VIEW FOR 23-06-2013
TECHNICAL ANALYSIS
follow up:-
follow up:-
INTERNATIONAL EVENT IS OVER NOW WE ARE NEAR ROLL OVER & EXPIRY.NIFTY FALL 5 WEEK STRAIT & PAST WE HAVE SEEN THAT AFTER 5 WEEK MARKET WILL BE IN SIDE WAYS OR UP MOVE ATLEST 0.25% TILL 0.38%.ON FRIDAY NIFTY OPEN WITH GAP DOWN & WENT UP TILL PREVIOUS DAY AVG 5681 & AGAIN FALL DOWN NOW MARKET WILL BE IN RANGE FROM 5585 TO 5736(THURSDAY 1ST 15MIN AVG WAS 5705 NOW THIS IS IMPORTANT POINT FOR REFERENCE). NIFTY HIGH 5681 - LOW 5614 LTP 5655 AVG 5649.NOT MUCH ACTIVITY IN F&O BY FII
TODAY FII SOLD 1700 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.
FROM 5868 4% is 5636 . we can consider as temp bottom near this price. WE CAN SEE SHORT COVERING IN STOCK FUTURE
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)
DATA:-
AS ON 20-06-2013 FII OI was 494000 AS ON 21-06-2013 FII
OPEN INTEREST is 494000 .NO CHANG IN OPEN INTREST
BUT IN STOCK FUTURE SHORT WIND UP DONE BY FII, WE WILL SEE MORE WIND UP IN STOCK
in cash segment NET 1700 CR SOLD by fii
conclusion :-
FOR WEEK,,, now we must look for trading range from 5585 TILL 5736. FOR MONDAY IF 5631 TO 5625 IS BOTTOM THEN WE CAN SEE 5736 & IF 5665 TO 5675 IS TOP THEN WE WILL SEE 5585
FOR POSITIONAL SELL WE WILL WAIT FOR 5776 THAT IS next selling avg (OF FII IN INDEAX)
roll over will keep market in range next move will be open after roll over
OPTION STRATEGY
SELL JULY 5600 PUT & BUY 5600 PUT AUG
SELL JULY 5700 CALL& BUY 5700 CALL AUG
WE MAY GAIN 20 /- IN 3 DAYS
(ALWAYS EXECUTE YOUR STOP LOSS)
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