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Wednesday, November 6, 2013

NIFTY VIEW FOR 07-11-2013

YESTERDAY FOLLOW UP

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 )

AS WE ARE ABLE TO SHORT @ 6294  & ACHIEVED FIRST TARGET .

NIFTY VIEW FOR 07-11-2013

RS IS WEAK NOW THIS  WILL BE TEMPORARY  -VE FACTOR FOR MARKET. TODAY AGAIN HEAVY WEIGHT  IS -VE MARKET IS MANAGING NIFTY PORTFOLIO,LIKE IT & PHARMA IS UP & METAL BANK CEMENT IS DOWN WE WILL KEEP DOING SHORT TILL FII PARTICIPATION IS -VE 5210 IS MAJOR SUPPORT LET SEE HOW WE ARE MANAGING .

FII ACTIVITY :-

TODAY ALSO FII SHORT INDEX 30THU CONT & CUT LONG OI THIS IS FIRST TIME SEEN AFTER 1 MONTH . CASH BUYING IS REDUCING & @  FO OPEN BUYING OF PUT OPTION .

CONCLUSION:-
GO SHORT FROM TOMORROW 6279 ,6296 &  6313  SL 6225 

OVER ALL FIRST SUPPORT  SUPPORT IS 6210 ( RBI POLICY )

THEN WE WILL REVIEW POSITION



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