TECHNICAL ANALYSIS
NIFTY HIGH 6008 LOW 5925 CLOSE 5959 AVG 5962.65 (TODAY OPEN 6020 & HIGH 6080 IS FLICK TRADE) today first ONE MINUTE NIFTY AVG WAS 5992,TODAY MARKET CLOSE AT PAR WITH AVG 5960 ACCEPTING NIFTY IN RANGE BOUND FOR TUESDAY,RANGE FOR TUE IS (IF MRK OPEN WITH GAP DONE & CROSS 1 ST ONE HOUR HIGH THEN MARKET WILL BE IN UP MOVE & LOWER SIDE SUPP IS 5933 & HIGHER SIDE HURDLES 5982. IF MRK OPEN WITH HIGH NEAR 5972 THEN ALSO HURDLE WILL BE 5988 OR 5992 & SUPP WILL BE 5942 & MARKET MAY BE IN RANGE BOUND.
CONCLUSION FII IS NOT ADDED SHORT AGGRESSIVELY BUY LONG POSITION IS REDUCING TEMPORARY MRK WILL KEEP IN RANGE, 5936 IS MULTI PAL SWING SUPPORT, WE MAY TAKE TISH AS TEMPORARY SUPPORT.
DATA REFERENCE
AS ON 03-06-2013 FII OPEN INTEREST IS 26700 as on 31 may IT WAS 293000
IT MEANS LONG POSITION OI CUT BY 26000.OVER ALL LONG IS WIND UP
NIFTY MONTH TO MONTH SWING IS 6 %
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