*******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
