NIFTY VIEW FOR 19-07-2013

NIFTY VIEW FOR 19-07-2013

18-07-2013 

TECHNICAL ANALYSIS 

follow up:-

As we are waiting for correction its came & its good opportunity for positional buy,after gap down nifty not able to breach 5936.

today market was  kept in range from 5981 till 5998 after 2.30 pm  break out happen till 6066  

we are bullish but @ this junction fii & dii both are selling @ cash & fii is not participating in fo.

its roll over time, so new zone will lead by  short covering.

nifty high 6066 & low 5981. ltp 6052 & avg is 6014

DATA:-

AS ON 17-07-2013 FII OI was 479  AS ON 18-07-2013 FII OPEN INTEREST is 506,net result is 27000 oi added  

in cash market sell came - 175 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 :-

Now 6015 (today avg) till 5975 (this week avg) is strong range for bull market

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

Tomorrow trading rang is sell 6085 till 6099 & buy zone is 6025 till 6015

we will do our 3 nd fresh entry from 6015 till 5975.

we have not observed  sell off in derivative but in cash -175,so we are not change our bullish view.till next sell off in derivative 

(ALWAYS EXECUTE YOUR  STOP LOSS)