NIFTY VIEW FOR 04-07-2013
03-07-2013
AS WE ARE LONG IN STOCK & PUT DUE TO THIS WE LOSS LESS AS COMPARE TO MARKET FALL.
DATA:-
TECHNICAL ANALYSIS
follow up:-
NIFTY CUT OUR PRICE 5785 & NOW WE ARE NOT LONG ON SYSTEM MORNING WE WAIT TILL 11.30, FOR TAKING A CHANCE BUT AFTER THAT WE SURRENDER.AS WE ARE LONG IN STOCK & PUT DUE TO THIS WE LOSS LESS AS COMPARE TO MARKET FALL.
NIFTY open with gap down & remain keep down till last first 30 min avg is 5803 HIGH 5816 - LOW 5855 ltp 5878 AVG 5779.36,
FOR $ 59.7199 IS SUPPORT.IF WE CONSIDER AVG 4.5 % SWING OF MONTH THEN TRG IS 61.8875
June month avg is 5785,current month avg is 5825.today 30 min avg 5803 & month avg 5825 is resistance.
DATA:-
AS ON 02-07-2013 FII OI was 355 AS ON 03-07-2013 FII OPEN INTEREST is 361,today we have seen mixed approach. just 9000 cont add to system,& net sell is 24000 cont from this i assume as fii short 15000 & long wind up 9000
fii net bought 60000 cont on friday,avg was 5803, net result still long position is higher then short.
fii net bought 60000 cont on friday,avg was 5803, net result still long position is higher then short.
conclusion :-
no aggressive approach in market now market support zone is 5705 & selling zone is 5825 & we will wait for diversion OR more sell in system
(ALWAYS EXECUTE YOUR STOP LOSS)
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