NIFTY FOR 28 OCT 2013

LAST WEEK VIEW 

CONCLUSION

SHORT TERMS    BEARISH

FOR POSITIONAL WE ARE SHORT WITH SL OF 6225 ...


FOR 28 OCT 2013 

AS WE HAVE IN LAST BLOG  WRITTEN FOR INTRA DAY IN SECOND HALF NIFTY MOVE ABOVE AVG WE WILL GO LONG FOR TRG 6192 & 6205 BUT NIFTY MOVE DOWN  FROM 6188 OUR STOP LOSS WORK & LOSS IN INTRA DAY ..BUT WE MAINTAIN OUR POSITIONAL  SHORT

NOW AS WE HAVE SEEN THAT MARKET NOT ABLE TO SUSTAIN HIGHER SIDE & FO NO DATA ALSO COMING IN NEGATIVE WE ARE IN  CORRECTION PHASE...

NIFTY HIGH 6188 LOW 6130 CLOSE BELOW 5141 AVG IS 6155 


FII DATA 

FII AGAIN SOLD NIFTY BY WAY OF OPTION (SYNTHETIC SHORT ) NEARLY 15000 CONT & ACTUAL SOLD 8000 IN FUTURE OVER ALL STOCK FUT ALSO SOLD . 

ONLY PLUS POINT IS NET OLD LONG THERE IS NOT MUCH WIND UP AT ALL SO WE CAN SAY CORRECTION 

CONCLUSION

OUR VIEW IS BEARISH 
 NOW OUR SL WILL BE 6175 & 1 ST SUPPORT  WILL BE 6111 & 2 & MOST CRUCIAL SUPPORT IS 6077  

WE WILL REVIEW OUR POSITION @ 6111 WITH TRADED QTY I HOPE WE WILL GET BREATH @ 6111 .