NIFTY VIEW FOR 21-OCT-2013

LAST WEEK  VIEW REF IN YELLOW 

WE PLAY WITH TIME  PERIOD FOR THAT WE SOLD 6250  CE & 6050 PE & BOTH GAVE US GOOD RETURN 

CONCLUSION

WE ARE IN BULLISH VIEW & THIS WEEK  WE WILL TRADE WITH TIME PERIOD, BECAUSE NIFTY UPPER & LOWER LEVEL BOTH IS TRADING RANGE .

SUPPORT OF NIFTY  BUYING ZONE IS 

 6045(LAST THREE DAY AVG )…….  SELL ZONE 6242 (8% OF MONTH SWING)  

NIFTY VIEW FOR 21-10-2013 

LAST WEEK NIFTY MOVE IN RANGE FROM 6224 TILL 6050 & WEEK TO WEEK CLOSE 1.25% UP,WE ACCEPTED TO BE IN RANGE OF 0.50% BUT STILL WE ARE IN COMFORT ZONE 

ALL INDEX SMALL ,MID CAP LARGE CAP EVERY  INDEX PARTICIPATE & CLS IN GREEN.

THIS IS A SIGN OF BULLISH FLAVOR IN MARKET 

FOR NEXT WEEK & THEN AFTER EXPIRY

SENSEX WILL CROSS NEW HIGH FIRST  BECAUSE   SENSEX TO NIFTY  RATIO CHANGE BY 400 POINT HIGH OR NIFTY IS LESS BY 110 POINT VICE VERSE. 

 

NOW WE WILL TRADE WITH  CAUSES 

RESIGN WE ARE NEAR TO MONTH SWING 10% & @ FII DESK SHORT IS BELOW 75THU IT MEANS FRESH SHORT MAY COME @ MONTH HIGH SWING  IE 6296 TILL 6325. WE CAN SAY MARKET IS @ OVER BOUGHT    

FII DATA

FII NET TO NET BUYER @ CASH & INDEX & SELLING OPTION MEANS MARKET VOLATILITY IS COMING DOWN & FOCUSING @ CASH WITHOUT HEDGING....

FII INDEX NET OI  LONG BY 3.35 LAC ON 18 OCT CASH +1700 CR & INDEX LONG BUY 22THU  SHORT BY OPTION INDEX 

CONCLUSION :-

WE ARE BULLISH IN MARKET , 

NOW  ONLY CAUSES TRADE BECAUSE @ NEAR TO MONTH HIGH SWING OR WE WILL TRADE SHORT FOR SHORT TERM NEAR 6300 THIS IS SAFE AREA TO GO SHORT WITH SL 6350 

FOR NIFTY RANGE IS HIGHER SIDE 6296 & 6325 (FROM LAST MONTH HIGH TO HIGH  2% & 10% SWING FROM LOW 5750 )

& SUPPORT IS 6175 & 6143  LAST WEEK AVG

OVER ALL MARKET WILL BE IN BULLISH TILL CLS ABOVE 6119  (THIS IS A AVG OF LAST TIME FII BOUGHT 1 LAC INDEX BEFOR RBI POLICY ) WE HAVE WRITTEN THIS  ON 20 SEP BLOG