NIFTY VIEW FOR 11-11-2013

LAST BLOG FOLLOW UP 

GO SHORT FROM TOMORROW 6279 ,6296 &  6313  SL 6325 

OVER ALL FIRST SUPPORT  SUPPORT IS 6210 ( RBI POLICY )

THEN WE WILL REVIEW POSITION

WE STARTED SHORT FROM 6279 6296 & 6313 & STOP LOSS  HIT @ 6325  (WE ARE OUT OF SYSTEM DUE TO STOP LOSS & NOT ABLE TO ENTER LOST OPPORTUNITY )

TODAY WE TAKEN POSITION @ 6180 (WITH OUT HOMEWORK )

NIFTY VIEW FOR 11-11-2013

NIFTY O 6127 H 6227 L 6165 C 6182  AVG  6196 

MARKET OPEN WITH GAP DOWN & MADE HIGH OF YESTERDAY CLOSE  & CONSTANTLY SELLING WITH AVG OF 6213 & AFTER 12.3 MARKET FALL 

MARKET WILL BE  NEAR TO NEUTRAL ZONE IF  1% MORE DOWN FALL  NEAR TO 6125, IT WILL BE FAIR PLACE  TO ENTER AGAIN.
5 DAY CONSTANT FALL WILL GIVE  BULL CANDLE .

FII ACTIVITY :-

TODAY ALSO FII SHORT INDEX 35800 CONT & LONG OI IS CUTTING & SHORT OI IS ADDING THIS IS 2 ND  TIME SEEN AFTER 1 MONTH. LONG TO SHORT RATION IS STEEL BETTER  4:1 .   IN OPTION  PUT IS BUYING & CALL SHORT, BUT CALL QTYY IS NOT BIG 

CONCLUSION:-

LAST LEG OF SELL OF, AS PER PARTICIPATION NEAR TO 6125 OR GAP DOWN ON MONDAY  WILL BE GOOD BUYING OPPORTUNITY.