*******Technicals
Nifty is correcting the recent upmove.
Fibonacci targets for the correction are 2865, 2747, 2629.
******Trading system for NIFTY
Ø 3d LMA- 2939, 3dHMA- 3134.
3d SMA- 3010, 8dSMA-2859, 34d SMA-3439.
Ø ~BIAS – negative, MOMENTUM – positive, TREND – negative.
Ø STRATEGY-
Positional—short in rise as bias turned negative and trend is already negative with stop loss of 3d HMA which is at 3134. (Longs stopped out today).
Ø STOPLOSS-
*for shorts--- 3134.
*for longs---stopped out.
***Fund flow (November 4)
~FIIs net in Index fut. + 604 cr, FIIs net in Stock Fut. + 30 cr
~FIIs in Cash Market - 93 cr, Mut Funds in Cash Market - 169 cr
***total fund flow + 372 cr today & nifty was up by 98 points.
*** So far net fund flow of + 4463 cr in November series. (Nifty is also up in November series).
Nifty is correcting the recent upmove.
Fibonacci targets for the correction are 2865, 2747, 2629.
******Trading system for NIFTY
Ø 3d LMA- 2939, 3dHMA- 3134.
3d SMA- 3010, 8dSMA-2859, 34d SMA-3439.
Ø ~BIAS – negative, MOMENTUM – positive, TREND – negative.
Ø STRATEGY-
Positional—short in rise as bias turned negative and trend is already negative with stop loss of 3d HMA which is at 3134. (Longs stopped out today).
Ø STOPLOSS-
*for shorts--- 3134.
*for longs---stopped out.
***Fund flow (November 4)
~FIIs net in Index fut. + 604 cr, FIIs net in Stock Fut. + 30 cr
~FIIs in Cash Market - 93 cr, Mut Funds in Cash Market - 169 cr
***total fund flow + 372 cr today & nifty was up by 98 points.
*** So far net fund flow of + 4463 cr in November series. (Nifty is also up in November series).
