NIFTY VIEW FOR 17-07-2013

NIFTY VIEW FOR 17-07-2013

17-07-2013 

TECHNICAL ANALYSIS 

follow up:-

AS WE ACCEPTED SMALL CORRECTION,CAME & AFTER GAP DOWN NIFTY NOT ABEL TO BREACH 5936.

 

today  market open 115 POINT GAP DOWN & IN FIRST 15 MIN 30 LAC NIFTY TRADE DONE @ AVG OF 5922,THEN AFTER MARKET CONSTANTLY GOING UP AFTER 10.30 MARKET NOT ABEL TO CUT 5936 

TODAY HIGH(6032) & LOW (5844) BOTH ARE FLICK TRADE 

nifty high 5979 & low 5918. ltp 5979 & avg is 5950

STILL MY observation is 5936 till 5885 is a strong support zone 

DATA:-

AS ON 15-07-2013 FII OI was 469  AS ON 16-07-2013 FII OPEN INTEREST is 464,net result is 5000 oi CUT 

in cash market sell came -350 cr

on Thursday fii added fresh 51000 long position @ avg of 5936 till 5918  net result more long position added & higher then short.net 1 lac cont long in index

Conclusion :-

AS WE ACCEPTED SMALL CORRECTION we got opportunity 

IN THIS GAP DOWN FII NOT PARTICIPATED IN SHORT OR LONG,in comparison of fall.  

tomorrow trading rang is sell 5985 till 6015 & buy zone is 5948 till 5936 

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

today we got this chance & tomorrow may be we will get chance.

we have not observed  sell off in derivative but in cash -350,so we are not change our bullish view.till next sell off in derivative 

(ALWAYS EXECUTE YOUR  STOP LOSS)