NIFTY VIEW FOR 03-07-2013

NIFTY VIEW FOR 03-07-2013

02-07-2013 

TECHNICAL ANALYSIS 

follow up:-
NIFTY  HIGH 5889 - LOW 5850 ltp 5862 AVG 5870,

June month avg is 5785,last three days avg is 5741.In three days nifty swing up very fast from 5572 to 5896.

Friday.last two day market is fii not participate any side not buying or selling so we will give wait age   to Friday activity avg was 5803  

DATA:-

AS ON 01-07-2013 FII OI was 255  AS ON 02-07-2013 FII OPEN INTEREST is 255,entire short expiry on  28 June fii net bought 60000 cont & avg was 5803, net result was long position is higher then short.important that fii long adding aggressively.

conclusion :-

go long in market around 5841(three days avg) till 5803(friday avg) sl is 5785(last month avg).i feel tomorrow will be last chance to get in for long (may be wrong if my stop loss hit @ 5785)....aggressively long in market with stop loss of 5785 

keep reference point in mind 

my reading says nifty will not able to cut down 5785,if in 3 DAYS nifty not came down & keeping in narrow range, then we will be see strong up move.

but in any case nifty violet 5785 then do not participate aggressively.

  

instated of time out price better go buying with put

 

go long in stock (buy stock & buy put & leave it to expiry    

(ALWAYS EXECUTE YOUR  STOP LOSS)