8-10-2013 NIFTY

we work out our stop loss @ 5886 & we are long again  when market gone above today high 

(NOW FOR POSITIONAL LONG TRADE   IF OPEN WITH GAP WE HAVE TO BUY @ 5955  & IF WE GET ANOTHER CHANCE @ 5925  THEN OUR SL WILL BE 5886. )

TODAY NIFTY FALL FAST IN HIS FIRST PHASE THEN COVER ALL LOSS IN END OF DAY.CLOSE AS DOJI AGAIN 

WILL BE IN UP MOVE & AS SOON AS WE CROSS 6012 WILL BE IN CLEAR BULLISH MODE .

5925 IS VERY IMP LEVEL IN CASH WE ARE BELOW 5925 & IN FO ABOVE 5925 .AS FAR AS TRADE IS MATTER WE ARE BULLISH .


FII DATA 

 FII ROLL OVER WAS LONG & STILL THEY MAINTAIN LONG . NOW INDEX IS LONG BY 2 LAC NET 

FII NET BUY CASH & SOLD 10 THU CONT OF INDEX & SOLD PUT 

CONCLUSION:-

IF MARKET IS OPEN WITH GAP THEN 5935 WILL BE SUPPORT. IF MORE GAP LIKE 60 POINT THEN 5950 WILL BE SUPPORT

FOR 4.5% SWING  OF WEEK THEN WE CAN GO UP TO 6119 & FOR 3.5 % WILL BE 6060
MARKET ABOVE 5925 WILL BE ALWAYS IN BULLISH MODE