********************HAPPY NEW YEAR*******************
******Trading system update for NIFTY. (2959)******
~BIAS –neutral. (3d HMA- 2978, 3d LMA-2883)
~MOMENTUM – negative. (3d SMA- 2954, 8d SMA-2965)
~TREND – positive. (8d SMA-2965, 34d SMA-2847)
~Weekly close at 2857.
Ø STRATEGY-
*Positional—long (50% only)
*stop loss – 3d SMA (50%)-2954.
Ø *SUPPORTS- 2954,2883,2857,2847.
*RESISTANCE-2965,2978.
(our trading system generated LONG call when nifty closed at 2979).
************FUND FLOW UPDATE***********
***Fund flow (December 26)
~FIIs net in Index fut. - 60 cr, FIIs net in Stock Fut. + 15 cr
~FIIs in Cash Market – 259 cr, Mut Funds in Cash Market - 206 cr
***total fund flow – 510 cr today & nifty was down by 60 points.
***Fund flow (December 29)
~FIIs net in Index fut. + 23 cr, FIIs net in Stock Fut. - 63 cr
~FIIs in Cash Market – 10 cr, Mut Funds in Cash Market + 162 cr
***total fund flow + 112 cr today & nifty was up by 65 points.
***Fund flow (December 30)
~FIIs net in Index fut. + 328 cr, FIIs net in Stock Fut. + 37 cr
~FIIs in Cash Market + 124 cr, Mut Funds in Cash Market + 257 cr
***total fund flow + 746 cr today & nifty was up by 57 points.
*** So far net fund flow of + 348 cr in January series. (Nifty is also up in January series).
