FOLLOW UP
IN LAST BLOG WE HAVE WRITTEN THAT WE WILL REVIEW OUR POSITION @ 6111. WE TAKEN LONG POSITION @ 6114 WITH SL OF 6106 WHICH WAS LOW AT THAT TIME
REFERENCE
TODAY NIFTY CONTINUSLY COMING DOWN NOT.. BUT VOL IS VERY LESS
O 6170 H 6181 L 6097 C 6107 AVG 6133 AND LAST WEEK AVG ALSO IS 6133
BUT TOMORROW IS VERY IMP EVENT RBI POLICY IF THERE IS NO CHANGE IN ANY THING OR IF EVENT WILL BE FIZZLE OUT THAN FULL MARKET WILL BE IN BUYING ZONE OR IF .25 CUT THAN AS PER ACCEPTATION MARKET WILL CUT SHORT IN BOTH CASH WE WILL CUT OUR SHORT
FII DATA
FII TODAY ACTIVITY NET BUY CASH AND @ INDEX NET LONG TODAY FEW CONTRACT IS LONG & SOLD CALL OPTION & STOCK FUTURE
BUT NET POSITION THEY ARELONG 3 LAC INDEX AGAINST THAT THEY SOLD OR HEDGE BY OPTION
CONCLUSION
WE WILL CUT OUR POSITION TOMORROW IF ANY GAP DOWN ITS OPPORTUNITY TILL 6070
AS PER ME 6070 IS VERY IMPORTANT LEVEL, FOR LEVEL WORKING FROM 5100 TILL 6200 & FROM 6200 TILL 5750 & AGAIN TOP 6260 .38 % IS 6070 APART FROM THAT IN MONTHLY RALLY WHEN JAN 2013 MARK TOP WAS 6130 FEB CANDLE TOP WAS 6070 & MARKET CONVERTED TO BEARISH AGAIN MARKET TOP @ MAY 6200 & JUN CANDLE TOP IS 6070 THIS IS FUTURE CANDLE IF U CONSIDER SPOT CANDLE THEN ITS 6040
SO I WILL CUT MY SHORT ANY WHERE BETWEEN 6110 TILL 6085 & I WILL GO FRESH LONG FROM 6070 TILL 6040
IN LAST BLOG WE HAVE WRITTEN THAT WE WILL REVIEW OUR POSITION @ 6111. WE TAKEN LONG POSITION @ 6114 WITH SL OF 6106 WHICH WAS LOW AT THAT TIME
REFERENCE
TODAY NIFTY CONTINUSLY COMING DOWN NOT.. BUT VOL IS VERY LESS
O 6170 H 6181 L 6097 C 6107 AVG 6133 AND LAST WEEK AVG ALSO IS 6133
BUT TOMORROW IS VERY IMP EVENT RBI POLICY IF THERE IS NO CHANGE IN ANY THING OR IF EVENT WILL BE FIZZLE OUT THAN FULL MARKET WILL BE IN BUYING ZONE OR IF .25 CUT THAN AS PER ACCEPTATION MARKET WILL CUT SHORT IN BOTH CASH WE WILL CUT OUR SHORT
FII DATA
FII TODAY ACTIVITY NET BUY CASH AND @ INDEX NET LONG TODAY FEW CONTRACT IS LONG & SOLD CALL OPTION & STOCK FUTURE
BUT NET POSITION THEY ARELONG 3 LAC INDEX AGAINST THAT THEY SOLD OR HEDGE BY OPTION
CONCLUSION
WE WILL CUT OUR POSITION TOMORROW IF ANY GAP DOWN ITS OPPORTUNITY TILL 6070
AS PER ME 6070 IS VERY IMPORTANT LEVEL, FOR LEVEL WORKING FROM 5100 TILL 6200 & FROM 6200 TILL 5750 & AGAIN TOP 6260 .38 % IS 6070 APART FROM THAT IN MONTHLY RALLY WHEN JAN 2013 MARK TOP WAS 6130 FEB CANDLE TOP WAS 6070 & MARKET CONVERTED TO BEARISH AGAIN MARKET TOP @ MAY 6200 & JUN CANDLE TOP IS 6070 THIS IS FUTURE CANDLE IF U CONSIDER SPOT CANDLE THEN ITS 6040
SO I WILL CUT MY SHORT ANY WHERE BETWEEN 6110 TILL 6085 & I WILL GO FRESH LONG FROM 6070 TILL 6040
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