NIFTY VIEW FOR 31-07-2013

NIFTY VIEW FOR 31-07-2013

30-07-2013 

TECHNICAL ANALYSIS

FOLLOW UP:-   

we are long & lost money IN STOCK & gain in put long.  

after roll over first time fii net sell came for index -29000 cont

& avg is 5848, mrk avg is 5888.LAST MONTH AVG IS 5925 & 5775 IS A RANGE WHERE MARKET BOUNCE BACK @ JULY 1 ST WEEK & GONE UP TO 6100

here we will not sell wait for mrk to come @ 5848 we will wind up our long position & we will wait for more conf of selling

SO WE CAN TAKE CHANCE @ 5775 RANGE BY ENCASING PUT. & OPEN OUR POSITION  & SELL STOCK IN RALLY. 

DATA:- 

FII NET SOLD -29000 INDEX CONT & NET 405 IS OI NET RESULT IS LONG WIND UP @ FII DESK BUT THERE IS NO FRESH SELL IN SYSTEM 

conclusion:-

now we will WAIT FOR MARKET TO COME NEAR 5848 FOR EXIT.