*******Technicals
Nifty is in upmove of probable sideway trend.
******Trading system for NIFTY. (2708)
Ø 3d LMA- 2559, 3dHMA- 2698.
3d SMA- 2651, 8dSMA-2716, 34d SMA-3032.
Ø ~BIAS – positive, MOMENTUM – negative, TREND – negative.
Ø STRATEGY-
Positional—neutral.
Risky traders can initiate longs with stoploss at 3d SMA at 2651.
Ø *SUPPORTS- 2698,2651,2559.
*RESISTANCE-2716,3032.
******Trading system for Reliance Ind. (1145)
Ø 3d LMA- 1049, 3dHMA- 1144.
3d SMA- 1108, 8dSMA-1131, 34d SMA-1319.
Ø ~BIAS – positive, MOMENTUM – negative, TREND – negative.
Ø STRATEGY-
Positional—neutral.
Risky traders can initiate longs with stoploss at 3d SMA at 1108.
Ø *SUPPORTS- 1144,1131,1108,1049.
*RESISTANCE-1319.
******Trading system for NTPC. (153.5)
Ø 3d LMA- 138.3, 3dHMA- 149.3.
3d SMA- 147.5, 8dSMA-146, 34d SMA-152.3.
Ø ~BIAS – positive, MOMENTUM – positive, TREND – negative.
Ø STRATEGY-
Positional—hold longs and initiate new longs at support levels. Keep stoploss at 3d SMA(50%)-147.5 and at 3d LMA(50%)-138.3.
Ø *SUPPORTS- 152.3,149.3,147.5,146,138.3.
*RESISTANCE-nil.
******Trading system for SBIN. (1147)
Ø 3d LMA- 1074, 3dHMA- 1210.
3d SMA- 1139, 8dSMA-1140, 34d SMA-1282.
Ø ~BIAS – neutral, MOMENTUM – neutral, TREND – negative.
Ø STRATEGY-
Positional— hold longs with stop at 3d SMA at 1139(50%) and at 3d LMA at 1074(50%).
Ø *SUPPORTS- 1140,1139,1074.
*RESISTANCE-1210,1282.
**********(GLAXO gained 23 rs. and DLF lost 7 rs. hold both position)
***Fund flow (November 21)
~FIIs net in Index fut. + 647 cr, FIIs net in Stock Fut. - 176 cr
~FIIs in Cash Market - 514 cr, Mut Funds in Cash Market + 24 cr
***total fund flow – 19 cr today & nifty was up by 140 points.
*** So far net fund flow of - 2302 cr in November series. (Nifty is also down in November series).
