*******Technicals
Nifty is in downtrend and is correcting upwards.
******Trading system for NIFTY
Ø 3d LMA- 2738, 3d HMA- 2921.
3d SMA- 2876, 8d SMA- 2803, 34d SMA- 3538.
Ø ~BIAS – positive, MOMENTUM – positive, TREND – negative.
Ø STRATEGY-
Positional—Buy in every dip as momentum turned positive and bias is already positive with stoploss of 3d LMA which is at 2738.
Ø STOPLOSS-
*for shorts--- stopped out.
*for longs---2738.
***Fund flow (October 31)
~FIIs net in Index fut. + 977 cr, FIIs net in Stock Fut. + 230 cr
~FIIs in Cash Market + 1183 cr, Mut Funds in Cash Market - 43 cr
***total fund flow + 2347 cr today & nifty was up by 188 points.
*** So far net fund flow of + 2347 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 (-1410).
Happy trading and investing.
-Dr.Jignesh Shah
Nifty is in downtrend and is correcting upwards.
******Trading system for NIFTY
Ø 3d LMA- 2738, 3d HMA- 2921.
3d SMA- 2876, 8d SMA- 2803, 34d SMA- 3538.
Ø ~BIAS – positive, MOMENTUM – positive, TREND – negative.
Ø STRATEGY-
Positional—Buy in every dip as momentum turned positive and bias is already positive with stoploss of 3d LMA which is at 2738.
Ø STOPLOSS-
*for shorts--- stopped out.
*for longs---2738.
***Fund flow (October 31)
~FIIs net in Index fut. + 977 cr, FIIs net in Stock Fut. + 230 cr
~FIIs in Cash Market + 1183 cr, Mut Funds in Cash Market - 43 cr
***total fund flow + 2347 cr today & nifty was up by 188 points.
*** So far net fund flow of + 2347 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 (-1410).
Happy trading and investing.
-Dr.Jignesh Shah
