*******Technicals
Nifty is trading in corrective upmove and will trade sideway afterwards.
******Trading system for NIFTY
Ø 3d LMA- 2855, 3dHMA- 3045
3d SMA- 3024, 8dSMA-2813,34d SMA-3506
Ø ~BIAS – positive, MOMENTUM – positive, TREND – negative.
Ø STRATEGY-
Positional—Buy in every dip or hold longs as momentum and bias are positive with stop loss of 3d LMA which is at 2855.
Ø STOPLOSS-
*for shorts--- stopped out.
*for longs---2855.
***Fund flow (November 3)
~FIIs net in Index fut. + 962 cr, FIIs net in Stock Fut. + 99 cr
~FIIs in Cash Market + 762 cr, Mut Funds in Cash Market - 79 cr
***total fund flow + 1744 cr today & nifty was up by 158 points.
*** So far net fund flow of + 4091 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
