NIFTY VIEW FOR 06-11-2013

HAPPY DIWALI & PROSPEROUS NEW YEAR TO ALL  MY READERS & MY FRIENDS 

LAST BLOG REF 
WE BOOKED PART PROFIT,  BAL WE WILL BOOK @ DIWALI OR IF NIFTY GO BELOW 6245(WHICH EVER IS FIRST)

WE HAVE BOOK PROFIT ON DIWALI @ 6352

NIFTY VIEW FOR 06-11-2013

O 6335 H 6356 L 6285 C 6296 AVG 6312

NOW WE DON'T HAVE ANY POSITION WE BOOKED ALL POSITION ON DIWALI

AS PER TODAY ACTIVITY @ MARKET FROM 1 NOV ON WARD NIFTY AVG IS 6335

NOW WE WILL GO SHORT TILL 6320 WITH SL OF 6335

MONTH OPENING FII REDUCED HIS CASH BUYING & TODAY INDEX ELL OF AFTER ROLL OVER MARKET PARTICIPATION IS -VE ALL HEAVY WAIGHT LIKE  INFY,TCS, SUN PHARMA DR REDY  ITC ICICI BANK HUL ALL ARE IN PROFIT BOOKING OR WE CAN SAY -VE


FII ACTIVITY :-

AFTER ROLL OVER FII GRADUALLY CHANGING HIS STAND .IN CASH LOW BUYING & SQ UP HIS ARBITRAGE POSITION CASH TO FUTURE. TODAY AFTER LONG TIME THEY ARE NET SELLER IN INDEX .

FII OI IS CUT BY 24000 INDEX ..

CONCLUSION:-
GO SHORT FROM TOMORROW OPEN   TILL 6320 SL 6335 (LAST 3 DAYS AVG )

OVER ALL FIRST SUPPORT IS 6256 & 2ND SUPPORT IS 6210( RBI POLICY )

THEN WE WILL REVIEW POSITION