NIFTY SPOT CAN UP TO 5085 TO 5100 BE ALERT..... - - - - 10 FEB 2011

NIFTY SPOT DAY-MOVEMENT ON 09 FEB 2011

NIFTY SPOT 5 DAYS MOVEMENT FROM 03 FEB 2011 TO 09 FEB 2011

NIFTY SPOT 1 MONTH MOVEMENT FROM 07 JAN 2011 TO 09 FEB 2011

NIFTY SPOT 3 MONTHS MOVEMENT FROM 09 NOV 2010 TO 09 FEB 2011

NIFTY SPOT 6 MONTHS MOVEMENT FROM 09 AUG 2010 TO 09 FEB 2011

NIFTY SPOT 01 YEAR MOVEMENT FROM 09 FEB 2010 TO 09 FEB 2011

"All the ovals in the above charts indicate the volatile trend and bearish trend in NIFTY Spot. If we Study all the above charts very carefully specially NIFTY Spot 6 Months Chart and NIFTY Spot 1 Year Chart, its clearly indicates that we are now finally at starting point means to say last year we were at 5241 on 07 July 2010 and now on 09 Feb 2011 we are at 5253.  Last year we had started our journey for 6400 but we did not choose right way to go and finally became down from pick point. 

All the indication shows NIFTY Spot have broken 5275.62  that was the support on 1 year basis, so that the next major support will be 5066.02  on 2 year basis. So NIFTY Spot can go up to 5085 - 5100. But there is a possibility of bounce back  also."

If we see the FIIs Position the Index Futures including NIFTY Futures from 06 Jan 2011 to 09 Feb 2011. Read the Table very Very Carefully............

FIIs MOVEMENT IN INDEX FUTURES FROM 06 JAN 2011 to 09 Feb 2011
DATE	NET LONG POSITION	NET SHORT POSITION	NIFTY SPOT LEVELS
	(Rs. In Cr.)	(Rs. In Cr.)
6-Jan-11	130.62		6146.35
7-Jan-11		-1229.64	5904.6
10-Jan-11		-525.33	5762.85
11-Jan-11	475.22		5754.1
12-Jan-11		-217.16	5863.25
13-Jan-11		-35.42	5751.9
14-Jan-11	207.85		5654.55
17-Jan-11	606.13		5654.75
18-Jan-11	89.46		5724.05
19-Jan-11	195.52		5691.05
20-Jan-11		-813.89	5711.6
21-Jan-11		-992.59	5696.5
24-Jan-11		-260.99	5743.25
25-Jan-11	85.04		5687.4
27-Jan-11		-1171.8	5604.3
28-Jan-11		-320.59	5512.15
31-Jan-11		-479.66	5505.9
1-Feb-11	729.73		5417.2
2-Feb-11	963.24		5432
3-Feb-11		-421.43	5526.75
4-Feb-11		-406.88	5395.75
7-Feb-11	132.33		5396
8-Feb-11		-484.98	5312.55
9-Feb-11	843.1		5253.55
TOTAL	4458.24	-7360.36
OVER ALL NET SHORT POSITION		Rs. 2902.12 Cr @ 5637.79
		FROM 06 JAN TO 09 Feb 2011

"After studying this table its clearly states that Whenever FIIs are creating Short Position, they are covering their short position minimum 200 Points down.

following facts are there after analyzing the above table.........

On 07 Jan 2011 FIIs created Short Position worth Rs. -1229.64 cr and on that date the NIFTY Spot was 5904.60. But they covered this short position on part - part basis means to say Rs. 475.22 covered on 11 Jan 2011 on that date NIFTY Spot was 5754.10 and Rs. 813.95 covered on 14 Jan 2011 (Rs. 207.85) & 17 Jan 2011(Rs. 606.13) and on that dates NIFTY Spot was 5654.55.

So Rs. -1229.64 Cr Short @ 5904.60

and covered @ 5687.80

So FIIs Booked their profit of 216.8 Points (5904.60- 5687.80)

On Same Pattern Basis FIIs created further Short Position and Booked their profit with the minimum of 200 Points.

So the FIIs have Overall Net Short Position in Index Futures including NIFTY Futures is     Rs. -2902.12 Cr @ Average NIFTY Spot Level 5637.79."

"So it is hard to go above 5650 in this Feb Session. 

In Starting of Feb Session FIIs have created new short Position worth Rs. -1313.29 Cr. @ Average of NIFTY Spot 5411.63. But today on 09 Feb 2011 FIIs have covered their short position which had created on 03 Feb 2011 (Rs. - 421.43 Cr) and 04 Feb 2011 (Rs. -406.88 Cr) and that dates the NIFTY Spot was 5526.75 and 5395.75 "

So, The Short Position created on 03 Feb & 04 Feb Rs. -828.31 Cr @ Average NIFTY Spot 5461.25 covered @ 5253.55 on 09 Feb 2011 means to say again FIIs booked their profit of 207.70 Points. Now Short Position created on 08 Feb 2011 worth Rs. 484.98 @ 5312.55 have remained and expected to cover on minimum 200 Points downside ." 

So be alert NIFTY Spot can up to 5085 to 5100".

Note:- All the data has been taken from NSE.