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Wednesday, October 2, 2013

NIFTY VIEW FOR 3 OCT

30 SEP NIFTY O  5846 H 5855 L 5774  C 5791 AVG 5810

01 OCT NIFTY O 5806 H 5837 L 5754  C 5828 AVG 5807

IN LAST TWO DAY FROM 5820 TILL 5835 SOME SPECIFIC SELLING SEEN IN NIFTY ...

NIFTY FROM 5100 TILL 6150 & 5750 IS .38 % RETRENCHMENT .BUT FII IS NOT PARTICIPATION IN CASH MARKET & IN LAST TWO SESSION SMALL QTTY OF  LONG WIND UP IN INDEX.

PERSONALLY I AM STILL BULLISH BUT AS PER DATA WE WILL CONSIDER  AS SELL & WE WILL TAKE SHORT POSITION TOMORROW FROM 5835 TILL 5845 & SL WILL BE 5875
AFTER RALLY FROM 5100 TILL 6100 MARKET IS IN CONGESTION ZONE

LAST TWO SESSION  DOWN SIDE NIFTY SUPPORT IS 5765

FROM HIGH 5955 .IF WE CONSIDER 4 % SWING  5721 THEN 6 %  5602

FOR NEXT DAY TRADING IF MARKET TAKING SUPPORT IN FIRST HALF @ 5785 & CROSS IN 2ND   HALF ABOVE 5835 THEN MARKT WILL TAKE UP MOVE

OR IF NIFTY OPEN GAP DOWN AROUND 5805 & GO UP TILL 5825 & THEN CROSS 5790 THEN MARKET WILL TAKE DOWN MOVE (LAST THREE DAY AVG 80 POINT OF H & L )


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