Monday, October 20, 2008

FOR OCT 21


******Trading system for NIFTY
3d LMA- 3068, 3d HMA- 3303.
3d SMA- 3155, 8d SMA- 3326, 34d SMA- 3950.
~BIAS – neutral, MOMENTUM – negative, TREND – negative.
~STRATEGY-no new call generated. (Hold shorts with closing stop at 3303)
~stoploss for shorts at 3303.It is time to tighten your stop if you short as bias turned neutral today.
~stoploss for longs at 3068.
***Fund flow (October 17)
~FIIs net in Index fut. - 325 cr, FIIs net in Stock Fut. + 179cr
~FIIs in Cash Market - 868 cr, Mut Funds in Cash Market + 113 cr
***total fund flow – 901 cr today & nifty was down by 180 points.
*** So far net fund flow of - 9349 cr in October series. (Nifty is also down in October series).