NIFTY VIEW FOR 15-07-2013

NIFTY VIEW FOR 15-07-2013

14-07-2013 

TECHNICAL ANALYSIS 

I AM WRITING AFTER WEEK BECAUSE THERE IS NO CHANGE  IN MY VIEW

follow up:-

LAST BLOG WE ARE BULLISH & STEEL BULLISH NOW WE MAY SEE ONE SMALL CORRECTION.

 

Friday  market open with gap GIVEN LITTLE CORRECTION THEN CLOSE NEAR HIGH OF THE DAY.

nifty high 6021 & low 5951 ltp 6018 & avg is 5978

observation is 5936 till 5885 is a strong support zone & SMALL sell off zone FROM 6025 till 6045 (BUT DO NOT REMAIN SHORT FOR LONG TIME) NEXT WEEK IS ROLL OVER TIME 

DATA:-

AS ON 11-07-2013 FII OI was 425  AS ON 12-07-2013 FII OPEN INTEREST is 446,FRIDAY we have seen first time short is taken back foot & long added more contract

on Thursday fii added fresh 51000 long position @ avg of 5936 till 5918  net result more long position added &  higher then short.

Conclusion :-

if you miss rally 

 

then we will do our 2nd fresh entry from 5936 till 5885.

aggressive person start adding from 5978.

we have started long from  5575 now we are @ 6018. 

we have not seen sell off till Friday by fii,so we are not change our bullish view.

(ALWAYS EXECUTE YOUR  STOP LOSS)