**********TechnicalsNifty 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).
~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)
