*******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).
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).
