Sunday, November 30, 2008

FOR DEC 1

*******Technicals
Nifty is in upmove of probable sideway trend.

******Trading system for NIFTY. (2755)
Ø 3d LMA- 2657, 3dHMA- 2777.
3d SMA- 2720, 8dSMA-2679, 34d SMA-2949.
Ø ~BIAS – neutral, MOMENTUM –positive, TREND – negative.
Ø STRATEGY-
*Positional—neutral.
Ø *SUPPORTS- 2720,2679,2657.
*RESISTANCE-2777,2949.
******Trading system for Reliance Ind. (1134)
Ø 3d LMA- 1070, 3dHMA- 1168.
3d SMA- 1115, 8dSMA-1118, 34d SMA-1266.
Ø ~BIAS – neutral, MOMENTUM – negative, TREND – negative.
Ø STRATEGY-
*Positional—neutral.
Ø *SUPPORTS- 1118,1115,1070.
*RESISTANCE-1168,1266.

Wednesday, November 26, 2008

FOR NOV 27

*******Technicals
Nifty is in upmove of probable sideway trend.

******Trading system for NIFTY. (2752)
Ø 3d LMA- 2638, 3dHMA- 2764.
3d SMA- 2705, 8dSMA-2685, 34d SMA-2974.
Ø ~BIAS – neutral, MOMENTUM –positive, TREND – negative.
Ø STRATEGY-
*Positional—neutral.
Ø *SUPPORTS- 2705,2685,2638.
*RESISTANCE-2764,2974.

******Trading system for Reliance Ind. (1139)
Ø 3d LMA- 1064, 3dHMA- 1171.
3d SMA- 1119, 8dSMA-1119, 34d SMA-1284.
Ø ~BIAS – neutral, MOMENTUM – neutral, TREND – negative.
Ø STRATEGY-
*Positional—neutral.
Ø *SUPPORTS- 1119,1119,1064.
*RESISTANCE-1171,1284.

******Trading system for NTPC. (164.5)
Ø 3d LMA- 150.8, 3dHMA- 160.4.
3d SMA- 157.3, 8dSMA-148.4, 34d SMA-151.6.
Ø ~BIAS – positive, MOMENTUM – positive, TREND – negative.
Ø STRATEGY-
*Positional— long
*stop loss - 3d SMA(50%)-157.3& 3d LMA(50%)-150.8.
Ø *SUPPORTS- 160.4,157.3,151.6,150.8,148.4.
*RESISTANCE-nil.

***Fund flow (November 24)
~FIIs net in Index fut. - 6cr, FIIs net in Stock Fut. + 89cr
~FIIs in Cash Market - 312 cr, Mut Funds in Cash Market + 104cr
***total fund flow – 125 cr today & nifty was up by 15 points.

***Fund flow (November 25)
~FIIs net in Index fut. + 373cr, FIIs net in Stock Fut. + 158 cr
~FIIs in Cash Market + 1 cr, Mut Funds in Cash Market + 118 cr
***total fund flow + 650 cr today & still nifty was down by 54 points.
*** So far net fund flow of - 1777 cr in November series.

Tuesday, November 25, 2008

Trading system for nov 26

******Trading system for NIFTY. (2654)
Ø 3d LMA- 2604, 3dHMA- 2750.
3d SMA- 2685, 8dSMA-2692, 34d SMA-2999.
Ø ~BIAS – neutral, MOMENTUM – negative, TREND – negative.
Ø STRATEGY-
*Positional—neutral.
Ø *SUPPORTS- 2604.
*RESISTANCE-2685,2692,2750,2999.

******Trading system for Reliance Ind. (1072)
Ø 3d LMA- 1052, 3dHMA- 1174.
3d SMA- 1114, 8dSMA-1120, 34d SMA-1299.
Ø ~BIAS – neutral, MOMENTUM – negative, TREND – negative.
Ø STRATEGY-
*Positional—neutral.
Ø *SUPPORTS- 1052.
*RESISTANCE-1114,1120,1174,1299.

******Trading system for NTPC. (153.9)
Ø 3d LMA- 145.7, 3dHMA- 156.
3d SMA- 152.6, 8dSMA-146.5, 34d SMA-151.7.
Ø ~BIAS – neutral, MOMENTUM – positive, TREND – negative.
Ø STRATEGY-
*Positional— long
*stop loss - 3d SMA(50%)-152.6 & 3d LMA(50%)-145.7.
Ø *SUPPORTS- 152.6,151.7,146.5,145.7.
*RESISTANCE-156.

******Trading system for SBIN. (1072)
Ø 3d LMA- 1087, 3dHMA- 1207.
3d SMA- 1134, 8dSMA-1127, 34d SMA-1270.
Ø ~BIAS – negative, MOMENTUM – positive, TREND – negative.
Ø STRATEGY-
*Positional— short
*stop loss - 3d SMA(50%)- 1134 and at 3d HMA(50%)- 1207.
Ø *SUPPORTS- nil.
*RESISTANCE-1087,1127,1134,1207,1270.

Monday, November 24, 2008

FOR NOV 25

*******Technicals
Nifty is in upmove of probable sideway trend.

******Trading system for NIFTY. (2708)
Ø 3d LMA- 2559, 3dHMA- 2698.
3d SMA- 2651, 8dSMA-2716, 34d SMA-3032.
Ø ~BIAS – positive, MOMENTUM – negative, TREND – negative.
Ø STRATEGY-
Positional—neutral.
Risky traders can initiate longs with stoploss at 3d SMA at 2651.
Ø *SUPPORTS- 2698,2651,2559.
*RESISTANCE-2716,3032.

******Trading system for Reliance Ind. (1145)
Ø 3d LMA- 1049, 3dHMA- 1144.
3d SMA- 1108, 8dSMA-1131, 34d SMA-1319.
Ø ~BIAS – positive, MOMENTUM – negative, TREND – negative.
Ø STRATEGY-
Positional—neutral.
Risky traders can initiate longs with stoploss at 3d SMA at 1108.
Ø *SUPPORTS- 1144,1131,1108,1049.
*RESISTANCE-1319.

******Trading system for NTPC. (153.5)
Ø 3d LMA- 138.3, 3dHMA- 149.3.
3d SMA- 147.5, 8dSMA-146, 34d SMA-152.3.
Ø ~BIAS – positive, MOMENTUM – positive, TREND – negative.
Ø STRATEGY-
Positional—hold longs and initiate new longs at support levels. Keep stoploss at 3d SMA(50%)-147.5 and at 3d LMA(50%)-138.3.
Ø *SUPPORTS- 152.3,149.3,147.5,146,138.3.
*RESISTANCE-nil.

******Trading system for SBIN. (1147)
Ø 3d LMA- 1074, 3dHMA- 1210.
3d SMA- 1139, 8dSMA-1140, 34d SMA-1282.
Ø ~BIAS – neutral, MOMENTUM – neutral, TREND – negative.
Ø STRATEGY-
Positional— hold longs with stop at 3d SMA at 1139(50%) and at 3d LMA at 1074(50%).
Ø *SUPPORTS- 1140,1139,1074.
*RESISTANCE-1210,1282.

**********(GLAXO gained 23 rs. and DLF lost 7 rs. hold both position)

***Fund flow (November 21)
~FIIs net in Index fut. + 647 cr, FIIs net in Stock Fut. - 176 cr
~FIIs in Cash Market - 514 cr, Mut Funds in Cash Market + 24 cr
***total fund flow – 19 cr today & nifty was up by 140 points.
*** So far net fund flow of - 2302 cr in November series. (Nifty is also down in November series).

Friday, November 21, 2008

my mechanical trading system

******Trading system update for NIFTY. (2693)
Ø 3d LMA- 2554, 3dHMA- 2708.
3d SMA- 2627, 8dSMA-2745, 34d SMA-3069.
Ø ~BIAS – neutral, MOMENTUM – negative, TREND – negative.
Ø STRATEGY-
Positional—Neutral.
Hold only 50% of shorts. Keep stoploss at 3d HMA (50%)-2708.
Ø *SUPPORTS- 2627, 2554.
*RESISTANCE-2708, 2745, 3069.

******Trading system update for Reliance Ind. (1124)
Ø 3d LMA- 1062, 3dHMA- 1159.
3d SMA- 1104, 8dSMA-1139, 34d SMA-1342.
Ø ~BIAS – neutral, MOMENTUM – negative, TREND – negative.
Ø STRATEGY-
Positional— Neutral.
Hold only 50% of shorts. Keep stop at 3d HMA (50%) which is at 1159.
Ø *SUPPORTS- 1104, 1062.
*RESISTANCE-1139, 1159, 1342.

******Trading system for GLAXO. (1130)
Ø 3d LMA- 1117, 3dHMA- 1072.
3d SMA- 1106, 8dSMA-1086, 34d SMA-1086.
Ø ~BIAS – positive, MOMENTUM – positive, TREND – neutral.
Ø STRATEGY-
Positional—hold longs and initiate new longs at support levels. Keep stoploss at 3d SMA(50%)-1106 and at 3d LMA(50%)-1072.
Ø *SUPPORTS- 1117,1106,1086,1072.
*RESISTANCE-nil.

******Trading system for DLF. (198)
Ø 3d LMA- 199.8, 3dHMA- 225.5.
3d SMA- 209.8, 8dSMA-230, 34d SMA-266.
Ø ~BIAS – negative, MOMENTUM – negative, TREND – negative.
Ø STRATEGY-
Positional— hold shorts and initiate new shorts at resistance levels. Keep stop at 3d SMA(50%) which is at 209.8 and at 3d HMA(50%) which is at 225.5.
Ø *SUPPORTS- nil.
*RESISTANCE-199.8,209.8,225.5,230,266.

fund flow

***Fund flow (November 14)
~FIIs net in Index fut. - 194 cr, FIIs net in Stock Fut. - 74 cr
~FIIs in Cash Market - 564 cr, Mut Funds in Cash Market - 305 cr
***total fund flow – 1138 cr today & nifty was down by 38 points.
***Fund flow (November 17)
~FIIs net in Index fut. + 46 cr, FIIs net in Stock Fut. - 97 cr
~FIIs in Cash Market - 632 cr, Mut Funds in Cash Market - 376 cr
***total fund flow – 1059 cr today & nifty was down by 10 points.
***Fund flow (November 18)
~FIIs net in Index fut. - 681 cr, FIIs net in Stock Fut. - 8 cr
~FIIs in Cash Market - 369 cr, Mut Funds in Cash Market - 45 cr
***total fund flow – 1103 cr today & nifty was down by 117 points.
***Fund flow (November 19)
~FIIs net in Index fut. + 244 cr, FIIs net in Stock Fut. - 39 cr
~FIIs in Cash Market - 208 cr, Mut Funds in Cash Market - 51 cr
***total fund flow – 54 cr today & nifty was down by 48 points.
***Fund flow (November 20)
~FIIs net in Index fut. - 743 cr, FIIs net in Stock Fut. - 310 cr
~FIIs in Cash Market - 656 cr, Mut Funds in Cash Market - 99cr
***total fund flow – 1917 cr today & nifty was down by 92 points.

*** So far net fund flow of - 2283cr in November series. (Nifty is also down in November series).
***Past fund flow
Fund flow of -8071 cr in June series (-520), +6474 cr in July series (+18), -6641 cr in August series (-119), -6903 cr in September series (-104), - 9863 cr in October series (-1413).

Saturday, November 15, 2008

FOR NOV 17

*******Technicals
Nifty is in downmove of probable sideway trend.

******Trading system for NIFTY
Ø 3d LMA- 2831, 3dHMA- 3020.
3d SMA- 2866, 8dSMA-2969, 34d SMA-3265.
Ø ~BIAS – negative, MOMENTUM – negative, TREND – negative.
Ø STRATEGY-
Positional—hold shorts and initiate new shorts at resistance levels. Keep stoploss at 3d SMA(50%)-2866 and at 3d HMA(50%)-3020.
Ø *SUPPORTS- nil.
*RESISTANCE-2831,2866,2969,3020,3265.

******Trading system for Reliance Ind.
Ø 3d LMA- 1141, 3dHMA- 1231.
3d SMA- 1172, 8dSMA-1241, 34d SMA-1469.
Ø ~BIAS – neutral, MOMENTUM – negative, TREND – negative.
Ø STRATEGY-
Positional— hold shorts and initiate new shorts at resistance levels. Keep stop at 3d SMA(50%) which is at 1172 and at 3d HMA(50%) which is at 1231.
Ø *SUPPORTS- 1141.
*RESISTANCE-1172,1231,1241,1469.

***Fund flow (November 12)
~FIIs net in Index fut. - 86 cr, FIIs net in Stock Fut. - 44 cr
~FIIs in Cash Market - 615 cr, Mut Funds in Cash Market - 60 cr
***total fund flow – 805 cr today & nifty was down by 90 points.
*** So far net fund flow of + 2879 cr in November series. (Nifty is also up in November series).

***Past fund flow

Fund flow of -8071 cr in June series (-520), +6474 cr in July series (+18), -6641 cr in August series (-119), -6903 cr in September series (-104), - 9863 cr in October series (-1413).
Happy trading and investing.
-Dr.Jignesh Shah

Thursday, November 13, 2008

FOR NOV 14


*******Technicals
Nifty is in downmove of probable sideway trend.

******Trading system for NIFTY
Ø 3d LMA- 2896, 3dHMA- 3095.
3d SMA- 2978, 8dSMA-2998, 34d SMA-3304.
Ø ~BIAS – negative, MOMENTUM – negative, TREND – negative.
Ø STRATEGY-
Positional—hold shorts and initiate new shorts at resistance levels. Keep stoploss at 3d SMA(50%)-2978 and at 3d HMA(50%)-3095
Ø *SUPPORTS- nil.
*RESISTANCE-2896,2978,2998,3095,3304.

******Trading system for Reliance Ind.
Ø 3d LMA- 1191, 3dHMA- 1268.
3d SMA- 1224, 8dSMA-1278, 34d SMA-1494.
Ø ~BIAS – negative, MOMENTUM – negative, TREND – negative.
Ø STRATEGY-
Positional— hold shorts and initiate new shorts at resistance levels. Keep stop at 3d SMA(50%) which is at 1224 and at 3d HMA(50%) which is at 1268.
Ø *SUPPORTS- nil.
*RESISTANCE-1191,1224,1268,1278,1494.

***Fund flow (November 11)
~FIIs net in Index fut. - 325 cr, FIIs net in Stock Fut. - 79 cr
~FIIs in Cash Market – 266 cr, Mut Funds in Cash Market - 222 cr
***total fund flow – 892 cr today & nifty was down by 210 points.
*** So far net fund flow of + 3684 cr in November series. (Nifty is also up in November series).

Tuesday, November 11, 2008

FOR NOV 12

*******Technicals
Nifty is in downmove of probable sideway trend.

******Trading system for NIFTY
Ø 3d LMA- 2917, 3dHMA- 3106.
3d SMA- 3020, 8dSMA-3002, 34d SMA-3344.
Ø ~BIAS – neutral, MOMENTUM – positive (but nifty closed below 3d & 8d SMA), TREND – negative.
Ø STRATEGY-
Positional—longs keep stoploss at 3d LMA which is at 2917.
Create shorts if nifty trades and closes below 3d LMA tomorrow.
Ø *SUPPORT- 2917
*RESISTANCE-3002,3020,3106,3344.
******Trading system for Reliance Ind.
Ø 3d LMA- 1193, 3dHMA- 1280.
3d SMA- 1244, 8dSMA-1305, 34d SMA-1520.
Ø ~BIAS – neutral, MOMENTUM – negative, TREND – negative.
Ø STRATEGY-
Positional— initiate short(level 1) as closed below 3d SMA with stop at 3d SMA(50%) which is at 1244 and at 3d HMA(50%) which is at 1280.
Ø *SUPPORTS- 1193
*RESISTANCE-1244,1280,1305,1520.

***Fund flow (November 10)
~FIIs net in Index fut. + 300 cr, FIIs net in Stock Fut. - 66 cr
~FIIs in Cash Market + 136 cr, Mut Funds in Cash Market + 505 cr
***total fund flow + 875 cr today & nifty was up by 175 points.
*** So far net fund flow of + 4576 cr in November series. (Nifty is also up in November series).

Monday, November 10, 2008

FOR NOV 11

*******Technicals
Nifty is in upmove of probable sideway trend.
****Trading system for NIFTY
Ø ~BIAS – positive, MOMENTUM – positive, TREND – negative.
Ø STRATEGY-
Positional—buy on dips as bias turned positive today and momentum already positive. Please keep stoploss at 3d LMA which is at 2898.
Ø STOPLOSS-
*for shorts--- stopped out.
*for longs---2898.
***Fund flow (November 6)
~FIIs net in Index fut. - 965 cr, FIIs net in Stock Fut. - 112 cr
~FIIs in Cash Market - 414 cr, Mut Funds in Cash Market - 120 cr
***total fund flow – 1611 cr today & nifty was down by 102 points.
***Fund flow (November 7)
~FIIs net in Index fut. + 35 cr, FIIs net in Stock Fut. -33 cr
~FIIs in Cash Market + 60 cr, Mut Funds in Cash Market - 82 cr
***total fund flow – 20 cr today & nifty was up by 80 points.
*** So far net fund flow of + 3701 cr in November series. (Nifty is also up in November series).
***Past fund flow
Fund flow of -8071 cr in June series (-520), +6474 cr in July series (+18), -6641 cr in August series (-119), -6903 cr in September series (-104), - 9863 cr in October series (-1413).
Happy trading and investing.
-Dr.Jignesh Shah

Saturday, November 8, 2008

FOLLOW THE TREND

Does everyone lose at bad times? No. There are winners. They are the trend followers.
What is trend following? Trend trading is reactive and systematic by nature. It does not forecast or predict markets or price levels. Prediction is impossible! Trend trading demands that you have strong self-discipline to follow precise rules (no guessing or wild emotions). It involves a risk management system that uses current market price, the equity level in your account and current market volatility. Trend traders use an initial risk rule that determines your position size at the time of entry. This means you know exactly how much to buy or sell based on how much money you have. Changes in price may lead to a gradual reduction or increase of your initial trade. On the other hand, adverse price movements may lead to an exit for your entire trade. Historically, A trend trader's average profit per trade is significantly higher than the average loss per trade.
Beyond the mere rules, the human element is core to the strategy. It takes discipline and emotional control to stick with trend trading through the inevitable market ups and downs. Keep in mind though, Trend Followers expect ups and downs. They are planned for in advance. What must all trend followers consider?
Price: One of the first rules of trend following is that price is the main concern. If a market is at 60 and goes to 58, 57, 53 - the market is in a down trend. Despite what every news show might predict, if the trend is down, stay with the trend. A trader need only be concerned with what the market is doing, not what the market might do. The price tells you what the market is doing.
Money Management: The most critical factor of trend following is not the timing of the trade or the indicator, but rather the determination of how much to trade over the course of the trend.
Risk Control: Trend following is grounded in a system of risk control and money management. The math is straightforward and easy to learn. During periods of higher market volatility, your trading size is reduced. During losing periods, positions are reduced and trade size is cut back. The main objective is to preserve capital until more favorable price trends reappear. Cutting losses is the way to stay in the game.
Rules Rule: Trend following should be systematic. Price and time are pivotal at all times. Trend Following is not based on an analysis of fundamental supply or demand factors. Trend Following does NOT involve seasonals, point and figure, Market Profile, triangles or day trading.
Trend Following answers these critical questions:
How and when to enter the market.
How many contracts or shares to trade at any time.
How much money to risk on each trade.
How to exit the trade if it becomes unprofitable.
How to exit the trade if it becomes profitable.
from----
http://turtletrader.com/it.html

Friday, November 7, 2008

FOR NOV 10


**********Technicals
Nifty is trading sideway since two days in 2860-3020 range.
Any breakout from range will give direction to the market.
Nifty gives 3 week high closing and weekly stochastic had given a buy signal.
2885 is last weekly and monthly close which proves good support.
Chances of breaking the range on higher side are high now.

******Trading system for NIFTY
Ø 3d LMA- 2897, 3dHMA- 3086.
3d SMA- 2954, 8dSMA-2914, 34d SMA-3409.
Ø ~BIAS – neutral, MOMENTUM – positive, TREND – negative.
Ø STRATEGY-
Positional—neutral.
Those holding short should keep SAR (stop and reverse) at 3d HMA which is at 3086.
Ø STOPLOSS-
*for shorts--- 3086.
*for longs---2897.


***Fund flow (November 5)
~FIIs net in Index fut. + 607 cr, FIIs net in Stock Fut. + 323 cr
~FIIs in Cash Market + 339 cr, Mut Funds in Cash Market - 400 cr
***total fund flow + 869 cr today still nifty was down by 147 points.
*** So far net fund flow of + 5332 cr in November series. (Nifty is also up in November series).


(FII have turned buyers in november series so far in all three segments-cash,index and stock fut)

Thursday, November 6, 2008

FOR NOV 7




*******Technicals
Nifty is correcting the recent upmove.
Fibonacci targets for the correction are 2865, 2747, 2629.

******Trading system for NIFTY
Ø 3d LMA- 2939, 3dHMA- 3134.
3d SMA- 3010, 8dSMA-2859, 34d SMA-3439.
Ø ~BIAS – negative, MOMENTUM – positive, TREND – negative.
Ø STRATEGY-
Positional—short in rise as bias turned negative and trend is already negative with stop loss of 3d HMA which is at 3134. (Longs stopped out today).
Ø STOPLOSS-
*for shorts--- 3134.
*for longs---stopped out.
***Fund flow (November 4)
~FIIs net in Index fut. + 604 cr, FIIs net in Stock Fut. + 30 cr
~FIIs in Cash Market - 93 cr, Mut Funds in Cash Market - 169 cr
***total fund flow + 372 cr today & nifty was up by 98 points.
*** So far net fund flow of + 4463 cr in November series. (Nifty is also up in November series).

Wednesday, November 5, 2008

FOR NOV 6




*******Technicals
Much awaited correction came today.
Long upper shadow with engulfing bear candle formed today which is bearish.

******Trading system for NIFTY
Ø 3d LMA- 2947, 3dHMA- 3152.
3d SMA- 3060, 8dSMA-2819, 34d SMA-3474.
Ø ~BIAS – neutral, MOMENTUM – positive, TREND – negative.
Ø STRATEGY-
Positional—Buy in every dip or hold longs as momentum is positive with stop loss of 3d LMA which is at 2947.
Ø STOPLOSS-
*for shorts--- 3152.
*for longs---2947.

Tuesday, November 4, 2008

FOR NOV 5

*******Technicals
Nifty is trading in corrective upmove and will trade sideway afterwards.

******Trading system for NIFTY
Ø 3d LMA- 2855, 3dHMA- 3045
3d SMA- 3024, 8dSMA-2813,34d SMA-3506
Ø ~BIAS – positive, MOMENTUM – positive, TREND – negative.
Ø STRATEGY-
Positional—Buy in every dip or hold longs as momentum and bias are positive with stop loss of 3d LMA which is at 2855.
Ø STOPLOSS-
*for shorts--- stopped out.
*for longs---2855.

***Fund flow (November 3)
~FIIs net in Index fut. + 962 cr, FIIs net in Stock Fut. + 99 cr
~FIIs in Cash Market + 762 cr, Mut Funds in Cash Market - 79 cr
***total fund flow + 1744 cr today & nifty was up by 158 points.
*** So far net fund flow of + 4091 cr in November series. (Nifty is also up in November series).
***Past fund flow
Fund flow of -8071 cr in June series (-520), +6474 cr in July series (+18), -6641 cr in August series (-119), -6903 cr in September series (-104), - 9863 cr in October series (-1410).
Happy trading and investing.
-Dr.Jignesh Shah

Monday, November 3, 2008

FOR NOV 4




*******Technicals
Nifty is in downtrend and is correcting upwards.

******Trading system for NIFTY

Ø 3d LMA- 2738, 3d HMA- 2921.
3d SMA- 2876, 8d SMA- 2803, 34d SMA- 3538.
Ø ~BIAS – positive, MOMENTUM – positive, TREND – negative.
Ø STRATEGY-
Positional—Buy in every dip as momentum turned positive and bias is already positive with stoploss of 3d LMA which is at 2738.
Ø STOPLOSS-
*for shorts--- stopped out.
*for longs---2738.
***Fund flow (October 31)
~FIIs net in Index fut. + 977 cr, FIIs net in Stock Fut. + 230 cr
~FIIs in Cash Market + 1183 cr, Mut Funds in Cash Market - 43 cr
***total fund flow + 2347 cr today & nifty was up by 188 points.
*** So far net fund flow of + 2347 cr in November series. (Nifty is also up in November series).
***Past fund flow
Fund flow of -8071 cr in June series (-520), +6474 cr in July series (+18), -6641 cr in August series (-119), -6903 cr in September series (-104), - 9863 cr in October series (-1410).
Happy trading and investing.
-Dr.Jignesh Shah

Saturday, November 1, 2008

FOR NOV 3


*******Technicals
Nifty is in downtrend and is correcting upwards.
Nifty has corrected 30% from bottom of 2253 so it seems that intermediate bottom has formed at 2253.
Now higher top and bottom is required to claim for uptrend.
******Trading system for NIFTY
Ø 3d LMA- 2618, 3d HMA- 2800.
3d SMA- 2756, 8d SMA- 2827, 34d SMA- 3575.
Ø ~BIAS – positive, MOMENTUM – negative, TREND – negative.
Ø STRATEGY-
*New call- No new call generated.
*Open position- no open position.
Ø STOPLOSS-
*for shorts--- stopped out.
*for longs---2618.

***Fund flow (October 29)
~FIIs net in Index fut. + 1341 cr, FIIs net in Stock Fut. + 606 cr
~FIIs in Cash Market – 1075 cr, Mut Funds in Cash Market + 620 cr
***total fund flow + 1492 cr today & nifty was up by 12 points.
*** Net fund flow of - 9863 cr in October series.
***Past fund flow
Fund flow of -8071 cr in June series (-520), +6474 cr in July series (+18), -6641 cr in August series (-119), -6903 cr in September series (-104), - 9863 cr in October series (-1410).
Happy trading and investing.
-Dr.Jignesh Shah