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Sunday, October 6, 2013

NIFTY VIEW 07-10-2013

FOLLOW UP 

IN LAST BLOG WE HAVE WRITTEN & WE ACT ACCORDING 
(NOW FOR LONG TRADE WE HAVE TO BUY @ 5925 & IF WE GET ANOTHER CHANCE @ 5892 THEN OUR SL WILL BE 5864. I THINK MRK MAY NOT BREAK  5900 ALSO)

OUR NET POSITION IS LONG @ 5930  AS WE GOT BUYING OPPORTUNITY AT LOWER LEVEL.

TODAY NIFTY PATTERN IS DOJI  

TODAY O 5945 H 6008 L 5926 C 5950 AVG 5966


THIS MONTH AVG IS 5886 AND THIS IS STOP LOSS FOR LONG .

AS FAR AS CONCERN WITH LAST TWO DAY TRADING THERE IS SPECIFIC SUPPLY FROM 5995 TILL 5965  AND BUYING FROM 5938 TILL 5912. (BUT OVER ALL FII IS NET BUYING AT INDEX)

FOR NEXT WEEK IF MARKET OPEN WITH UP BY 25 POINT & TAKE SUPPORT OF CLOSE 5950  OR LAST TWO DAYS AVG 5945 THEN WE WILL BE IN UP MOVE & AS SOON AS WE CROSS 6012 WILL BE 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 .

MARKET WILL BE IN TRADING ZONE & GRADUALLY IMPROVE LOVER  BASE LEVEL TO UP  SIDE (IE HIGHER LOWER & HIGHER HIGH)


FII DATA 

 FII ROLL OVER WAS LONG & STILL THEY MAINTAIN LONG . NOW INDEX IS LONG BY 2 LAC NET & NET SHORT IN STOCK FUR .
LAST TRADING SESSION FILL BUY IN ALL SEGMENT  CASH ,INDX FUT &  OPTION LONG BY PUT
CONCLUSION:-

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. I THINK MRK MAY NOT BREAK  5900 ALSO

FOR TRADING OPEN WITH GAP BUY AROUND 5955 & 5945 SL 5930. & IF OPEN WITH GAP DOWN OR -VE FLAT & FIRST 15 MIN AVG BELOW 5945 THEN SELL WITH SL OF 5970 WE MAY GET OPP FOR 5925 & 5912



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