NIFTY VIEW FOR 16-07-2013
16-07-2013
observation is 5936 till 5885 is a strong support zone
TECHNICAL ANALYSIS
follow up:-
WE MAY SEE ONE SMALL CORRECTION.
today market open flat GIVEN LITTLE CORRECTION THEN CLOSE NEAR HIGH OF THE DAY.
nifty high 6045 & low 5984.55 ltp 6031 & avg is 6015
DATA:-
AS ON 12-07-2013 FII OI was 446 AS ON 15-07-2013 FII OPEN INTEREST is 469,net result is 23 oi add in this 7000 long & 16000 is short in cash market sell came -227 cr
on Thursday fii added fresh 51000 long position @ avg of 5936 till 5918 net result more long position added & higher then short.
Conclusion :-
today first day of week, beginning is -ve in cash, little in fo also
tomorrow trading rang is sell 6055 till 6063 & 1st buy 6015 6008 if mrk below 6000 mark then we may see pull back & if not able to cross 6036 then we will see next zone 5978 & so on.
if you miss rally
then we will do our 2nd fresh entry from 5936 till 5885.
aggressive person start adding from 5978.
we have not seen sell off till date by fii,so we are not change our bullish view.
(ALWAYS EXECUTE YOUR STOP LOSS)
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