NIFTY VIEW FOR 24-OCT-2013

REF OF LAST BLOG IN YELLOW
WE ARE NOT ABLE TO SELL @ HIGHER SIDE BUT WE GOT BUYING OPPORTUNITY @ 6175  & 6145 . WE ARE IN THE MONEY FOR TIME BEING   


WE ARE @ 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

NIFTY VIEW FOR 24 OCT 2013

LAST TOW DAYS MARKET WAS IN CHOPPY RANGE & LAST BOTH DAYS AVG WAS 6215 

TODAY MARKET CORRECT WELL & BOUNCE BACK BUT CLOSING OF NIFTY WAS LIKE HANGING MANE PATTERN IN CHART 

TODAY AVG IS 6175 LAST TOW DAYS  AVG IS GOOD RESISTANCE FOR MARKET WE CAN SAY GO SHORT FROM TOMORROW OPEN  TILL 6215 SL WILL BE 6225 OUR FIRST TRG WILL BE 6130 & 6115 & 6075 

OTHER SIDE OF MARKET ...IF MARKET NOT ABEL TO GO BELOW 6145 & CROSS ABOVE 6225 THEN WE CAN SAY THIS WILL BE BOTTOM OR 6145 WILL BE STOP LOSS FOR NEW HIGH . BUT FII DATA SHOW SELLING @ INDEX 

FII DATA:-

TODAY FII LONG IN CASH ..SLOWLY DAILY BUYING IS COMING DOWN IN COMPARISON FROM LAST 2 OR 3 DAYS 

FII NOT SOLD ANY THING @ INDEX FUTURE BUT INDIRECTLY THEY SOLD BY CREATING SYNTHETIC SHORT POSITION.BY WAY OF BUYING PUT & SELLING CALL 

TODAY FII BOUGHT 80 THU PUT & SOLD 50 THU CALL. 

FII PLAY VERY SMART WAY BY CRATING THIS TYPE OF POSITION FII DO NOT SOLD ANYTHIG HIS FUTURE BUT BY SYNTHETIC SHORT THEY PROTECTED HIS LONG FOR EVENT COMING @ 29 RBI POLICY IF POLICY IN FAVORABLE  THEN THEY LEAVE POSITION @ EXPIRY OR IF NOT IN FAVOR  THEN THEY ALREADY SOLD HIS POSITION @ AVG OF 6215 BOTH SIDE THEY ARE @ WIN WIN SITUATION 

CONCLUSION:-

SHORT TERM BEARISH 

GO SHORT @ OPEN WITH TILL 6215 SL OF 6225

IF MARKET CROSS 6225 THEN WE WILL GO LONG WITH SL OF 6175