nifty view for 27 sep 2013

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