*******TechnicalsNifty 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
