NIFTY VIEW 04-08-2013

NIFTY VIEW 04-08-2013

AS PER YESTERDAY BLOG WE HAVE SOLD IN MORNING & WE ACHIEVED  OUR TARGET 5427 WITHIN A DAY.(MARKET IS @ NEAR 50 % RETRENCHMENT AREA FROM 6100 TO 5100 IS 5600 WE CAN SHORT HERE WITH SL OF 5625  FOR ONE SMALL -VE TREND TILL 5427. MAY  THIS WILL COME WITHIN  IN ONE DAY TIME. )

FII NET SOLD INDEX BY 50000 CONT & LONG WIND UP BY 18000 OVER ALL NET SHORT BY 83000  O I FROM 386 TO 420 

MARKET BREAK  IMP LEVEL OF 5427. NIFTY LOSS HIS CONTROL AFTER 2 O'CLOCK 

BE FOR 2 O'CLOCK VOL WAS 60 LAC & POST 2 PM 2 CR  MAJOR SELL OFF CAME AFTER 2 PM & AVG WAS 5417 & TODAY AVG IS 5432. IN FUTURE BOTH AVG  WILL BE HURDLER,& MINOR SUPPORT WILL BE 5285 (THIS IS AVG OF FROM WHERE MARKET  BOUNCE BACK 5108 TILL 5427 IN TWO DAYS). 

OVER ALL MARKET IS IN BEAR PHASE 

NIFTY PE IS 15.5 ,,, WE HAVE OBSERVED THAT, IN PAST BELOW 16 PE MARKET WILL BE IN BEAR PHASE & NEXT FAIR VALUE WILL BE 13.5 OR 12 PE THIS WILL BE EXTREMELY BEST INVESTMENT ZONE. 

FOR INVESTOR SEAT ON CASH & WAIT FOR GOOD OPPORTUNITY.