NIFTY SEP O 5893 H 5923 L 5867 C 5883 AVG 5892
NIFTY OCT O 5925 H 5985 L 5918 C 5947 AVG 5949
TODAY NIFTY KEPT IN MAXIMUM RANGE FROM 5875 & 5909
FII DATA
FII DONE MAJOR LONG ROLL OVER INDEX IS LONG,,SHORT STOCK WIND UP & MAJOR LONG PUT WIND UP & ADD ON SHORT PUT TO SYSTEM.CALL SIDE LONG & SHORT BOTH ARE SAME. CASH ALSO NET BUY
CONCLUSION
VIEW IS BULLISH .
NIFTY WILL OPEN WITH GAP BECAUSE PREM IS HIGH
WE WILL TAKE NIFTY SPOT AS REF DATA
FOR TAKING POSITION IF SPOT NIFTY CROSS ABOVE 5925 THEN WE WILL START LONG
PERSONALLY I WILL NOT GO SHORT ...BUT FOR SHORT REF GO SHORT WITH SL OF 5925
TECHNICAL
THIS MONTH CANDLE PATTERN IS FULL REVERSAL OF LAST MONTH BEAR CANDLE
THIS IS HAPPEN IN 2010 & 2007 2012 ON MONTHLY BASIS
AFTER REVERSAL 3 RD MONTH CANDLE LOW MUST BE -1% OF CLOSE IE 5882 OR MAX HIGH OF AUG MONTH 5808 (REF... POINT MAY DIFFER BY DISCOUNT & PREM BASIS )
AUG O 5776 H 5808 L 5118 C 5471
SEP O 5480 H 6142 L 5318 C 5882