FOR NOV 3

*******Technicals
Nifty is in downtrend and is correcting upwards.
Nifty has corrected 30% from bottom of 2253 so it seems that intermediate bottom has formed at 2253.

Now higher top and bottom is required to claim for uptrend.
******Trading system for NIFTY
Ø 3d LMA- 2618, 3d HMA- 2800.
3d SMA- 2756, 8d SMA- 2827, 34d SMA- 3575.
Ø ~BIAS – positive, MOMENTUM – negative, TREND – negative.
Ø STRATEGY-
*New call- No new call generated.
*Open position- no open position.
Ø STOPLOSS-
*for shorts--- stopped out.
*for longs---2618.

***Fund flow (October 29)
~FIIs net in Index fut. + 1341 cr, FIIs net in Stock Fut. + 606 cr
~FIIs in Cash Market – 1075 cr, Mut Funds in Cash Market + 620 cr
***total fund flow + 1492 cr today & nifty was up by 12 points.
*** Net fund flow of - 9863 cr in October 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 (-1410).

Happy trading and investing.
-Dr.Jignesh Shah