*******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).
