RESISTANCE :- 5007.88, 5081.01, 5125.23
SUPPORT :- 4890.53, 4846.31, 4773.18
BREAK - EVEN POINT :- 4963.66
MARKET OUT LOOK :- POSITIVE IF MAINTAINS ABOVE 4963.66
NIFTY VIEW :- HUGE SELLING PRESSURE SAW YESTERDAY ON 17 NOV 2011. NIFTY SPOT BECAME DOWN MORE THAN -90 POINTS AND CLOSED AT 4934.75. NIFTY SPOT HAS BROKEN THE ALL WEEKLY MAJOR SUPPORTS AT 5105.56 - 5034.28 AND ALSO BROKE THE 3RD SUPPORT @ 4926.31 AND HAS MADE THE LOW @ 4919.45. NOW NIFTY SPOT HAS MONTHLY SUPPORT ON NOV SERIES BASIS @ 4903.63. IF IT BREAKS THEN IT WILL BE CLEAR SIGNAL FOR PANIC SITUATION IN THE MARKET AND CAN COME UP TO 4480.13, BUT IT IS EXPECTED THAT HUGE VOLATILE RANGE WILL BE THERE. SOME BOUNCE BACK IS EXPECTED UP TO 150 - 200 POINTS ON UP SIDE IN NIFTY SPOT FROM 4811 - 4870 NIFTY SPOT LEVELS. SO TRADE WITH STRICT STOP LOSSES AND BE ON HEDGE SIDE TO BE SAFE. FROM LAST THREE TRADING SESSION FIIs ARE SELLING IN NIFTY FUTURE.
ON 15 NOV 2011 :- FIIs SOLD IN NIFTY FUTURE RS. -924.48 CR @ 5068
ON 16 NOV 2011 :- FIIs SOLD IN NIFTY FUTURE RS. -827.57 CR @ 5030.45
ON 17 NOV 2011 :- FIIs SOLD IN NIFTY FUTURE RS. -1076.01 CR @ 4934.75
SO IN LAST THREE TRADING SESSION FROM 15 NOV 2011 TO 17 NOV 2011, FIIs SOLD NIFTY FUTURE RS. -2831.06 @ 5011.06 NIFTY SPOT LEVELS. IN THE MONTH OF NOV 2011 FIIs HAS SOLD NIFTY FUTURE IN MAXIMUM NO OF TRADING SESSION.
TOTAL BUY IN NIFTY FUTURE RS. 1627.82 CR. @ 5235.73 NIFTY SPOT LEVELS FROM 01 NOV 2011 TO 17 NOV 2011
TOTAL SELL IN NIFTY FUTURE RS. -5351.12 CR. @ 5140.06 NIFTY SPOT LEVELS FROM 01 NOV 2011 TO 17 NOV 2011
SO NET SELL IN NIFTY FUTURE RS. -3723.30 CR IN NIFTY FUTURE @ 5187.95 NIFTY SPOT LEVELS. SO FINALLY NIFTY SPOT IS NOT LOOKING ABOVE 5200 IN ANY CONDITION IN NOV 2011 SERIES.
BUT SOME SHORT COVERING IS EXPECTED, BECAUSE EVERY 150 - 200 POINTS DOWN FIIs SHORT COVER THEIR SELLING POSITION.
OPTION STRATEGY :-
Buy Nifty 4900PE Nov Expiry above 57 for targets of 74, 91 SL - 47
Buy Nifty 5000CE Nov Expiry above 59 for targets of 82, 123 SL - 52
CAUTION :- TRADE WITH STRICT STOP LOSS AND BE ON HEDGE SIDE TO BE SAFE.
SUPPORT :- 4890.53, 4846.31, 4773.18
BREAK - EVEN POINT :- 4963.66
MARKET OUT LOOK :- POSITIVE IF MAINTAINS ABOVE 4963.66
NIFTY VIEW :- HUGE SELLING PRESSURE SAW YESTERDAY ON 17 NOV 2011. NIFTY SPOT BECAME DOWN MORE THAN -90 POINTS AND CLOSED AT 4934.75. NIFTY SPOT HAS BROKEN THE ALL WEEKLY MAJOR SUPPORTS AT 5105.56 - 5034.28 AND ALSO BROKE THE 3RD SUPPORT @ 4926.31 AND HAS MADE THE LOW @ 4919.45. NOW NIFTY SPOT HAS MONTHLY SUPPORT ON NOV SERIES BASIS @ 4903.63. IF IT BREAKS THEN IT WILL BE CLEAR SIGNAL FOR PANIC SITUATION IN THE MARKET AND CAN COME UP TO 4480.13, BUT IT IS EXPECTED THAT HUGE VOLATILE RANGE WILL BE THERE. SOME BOUNCE BACK IS EXPECTED UP TO 150 - 200 POINTS ON UP SIDE IN NIFTY SPOT FROM 4811 - 4870 NIFTY SPOT LEVELS. SO TRADE WITH STRICT STOP LOSSES AND BE ON HEDGE SIDE TO BE SAFE. FROM LAST THREE TRADING SESSION FIIs ARE SELLING IN NIFTY FUTURE.
ON 15 NOV 2011 :- FIIs SOLD IN NIFTY FUTURE RS. -924.48 CR @ 5068
ON 16 NOV 2011 :- FIIs SOLD IN NIFTY FUTURE RS. -827.57 CR @ 5030.45
ON 17 NOV 2011 :- FIIs SOLD IN NIFTY FUTURE RS. -1076.01 CR @ 4934.75
SO IN LAST THREE TRADING SESSION FROM 15 NOV 2011 TO 17 NOV 2011, FIIs SOLD NIFTY FUTURE RS. -2831.06 @ 5011.06 NIFTY SPOT LEVELS. IN THE MONTH OF NOV 2011 FIIs HAS SOLD NIFTY FUTURE IN MAXIMUM NO OF TRADING SESSION.
TOTAL BUY IN NIFTY FUTURE RS. 1627.82 CR. @ 5235.73 NIFTY SPOT LEVELS FROM 01 NOV 2011 TO 17 NOV 2011
TOTAL SELL IN NIFTY FUTURE RS. -5351.12 CR. @ 5140.06 NIFTY SPOT LEVELS FROM 01 NOV 2011 TO 17 NOV 2011
SO NET SELL IN NIFTY FUTURE RS. -3723.30 CR IN NIFTY FUTURE @ 5187.95 NIFTY SPOT LEVELS. SO FINALLY NIFTY SPOT IS NOT LOOKING ABOVE 5200 IN ANY CONDITION IN NOV 2011 SERIES.
BUT SOME SHORT COVERING IS EXPECTED, BECAUSE EVERY 150 - 200 POINTS DOWN FIIs SHORT COVER THEIR SELLING POSITION.
OPTION STRATEGY :-
Buy Nifty 4900PE Nov Expiry above 57 for targets of 74, 91 SL - 47
Buy Nifty 5000CE Nov Expiry above 59 for targets of 82, 123 SL - 52
CAUTION :- TRADE WITH STRICT STOP LOSS AND BE ON HEDGE SIDE TO BE SAFE.
No comments:
Post a Comment