Thursday, October 23, 2008

FOR OCT 24

******************TREND AND MOMENTUM CHART
******************* BIAS CHART


******Trading system for NIFTY
Ø 3d LMA- 3029, 3d HMA- 3192.
3d SMA- 3081, 8d SMA- 3195, 34d SMA- 3833.
Ø ~BIAS – negative, MOMENTUM – negative, TREND – negative.
Ø STRATEGY-
*New call- No new call generated.
*Open position- Hold shorts with closing stop at 3192.
Ø STOPLOSS-
*for shorts at 3192.
*for longs stopped out.
***Fund flow (October 22)
~FIIs net in Index fut. - 1057 cr, FIIs net in Stock Fut. - 4 cr
~FIIs in Cash Market - 273 cr, Mut Funds in Cash Market + 18 cr
***total fund flow – 1316 cr today & nifty down by 170 points.
*** So far net fund flow of - 8890 cr in October series. (Nifty is also down in October series).