NIFTY VIEW 19-08-2013

NIFTY VIEW 19-08-2013

TECHNICAL ANALYSIS 
NIFTY O 5716 H 5725 L 5493  C 5508 AVG 5583 (   MONTH  AVG 5696 ) 2ND LAST WEEK AVG 5618.

FROM (5745) 50 % RETRENCHMENT MARKET FALL LIKE 2009 .MARKET IS MORE NERVOUS THEN BEARISH. IN MARKET VOLUME  IS LESS & FALL IS MORE. 

IN JUNE MONTH  END MARKET  REVERSE FROM 5555 THAT TIME AVG WAS 5574 , IN AUG MARKET AGAIN TRY TO REVERSE FROM 5555 & SAME AVG 5574 BUT NOT ABLE TO SUSTAIN.IN THIS MONTH 5725 AVG WAS MULTIPLE TIME CAME.NOW IT WILL BE MAJOR HURDLES.   

DATA REFERENCE

AS ON 14-08-2013 FII OPEN INTEREST  & 16-08-2013 FII OPEN INTEREST IS 463

IT MEANS FRESH SHORT  POSITION ADD 35000. NOW SHORT IS MORE THEN LONG PUT IS MORE LONG & THEN CALL.     

CONCLUSION 

WE WILL TAKE BEARISH VIEW TO MARKET

FII ADDED NET SHORT CONSECUTIVE 3 DAYS & LAST FRIDAY 35000 (AVG IS 5583) & CREATE LONG IN PUT OPTION.

MARKET IS 6 % & 12 %.SWING ,FROM 6100 12 % IS 5376 & FROM 5760 6% IS 5414.

   

WE CAN GO ONCE AGAIN SHORT TILL 5583 WITH SL OF 5618(2ND WEEK AVG) 

IF MARKET WILL REACH 5414 OR 5375 IN NEXT 2 DAYS, THEN MARKET WILL TAKE SIDE WAYS FOR ROLL OVER 

IF NOT THEN VOLATILITY WILL IMPROVE FROM 5508 TO  5585 & 5400 RANGE.

WE  WILL SEE BOTH SIDE.IN SAME WEEK       

    

 IF NIFTY  BREACH 16 PE THEN WE HAVE TO RE WORK FOR NEW LEVELS

WE ARE @ 16.3 PE & NIFTY BREACH HIS 16 PE @ JUNE 2008 . WE MAY TAKE  THIS VIEW ACCORDINGLY.