NIFTY VIEW FOR 05-07-2013
04-07-2013
as we have seen that around 5785 getting support so we have to re work for long trade.
DATA:-
TECHNICAL ANALYSIS
follow up:-
today market open with gap & fill with sell of from 5847 till 5781 but again pull back till 5854 & close 5842.as we have seen that around 5785 getting support so we have to re work for long trade.
nifty high 5854 & low 5781 ltp 5845 & avg is 5819
observation is 5803 till 5785 is a strong support zone & sell off zone is 5845 till 5868
if $ 59.7199 IS SUPPORT.then WE CONSIDER AVG 4.5 % SWING OF MONTH THEN TRG IS 61.8875
June month avg is 5785,current month avg is 5823.fii net bought 60000 cont on friday,avg was 5803
DATA:-
AS ON 03-07-2013 FII OI was 361 AS ON 03-07-2013 FII OPEN INTEREST is 358,today we have seen mixed approach.not change in oi
net result still long position is higher then short.
net result still long position is higher then short.
conclusion :-
no aggressive approach in market now but market support zone is 5785 & selling zone is 5878.again we will buy near 5825 till 5803 & s/l will be 5780.(as we will buy stock & buy put) for intraday trading we will buy from 5825 till 5815 & for sell from 5858 till 5875
(ALWAYS EXECUTE YOUR STOP LOSS)
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