~BIAS –positive. (3d HMA- 3040, 3d LMA-2974)
~MOMENTUM – positive. (3d SMA- 3013, 8d SMA-2961)
~TREND – positive. (8d SMA-2961, 34d SMA-2847)
~Weekly close at 3047.
Ø STRATEGY-
*Positional—long (100%)
*stop loss – 3d SMA (50%)-3013 & 3d HMA (50%)-2974.
Ø *SUPPORTS- 3040,3013,2974,2961,2847.
*RESISTANCE-nil.
(our trading system generated long call when nifty closed at 2979).
****************technical update*********
-nifty still in sideway trend.
-rsi in uptrend,macd and stochastic in buy mode.
-adx in uptrend again.
*******VIX UPDATE*******
-INDIA VIX closed at 40.67.
-it is still in triangle and breakout from it will give direction to market.
************FUND FLOW UPDATE***********
***Fund flow (December 31)
~FIIs net in Index fut. + 330 cr, FIIs net in Stock Fut. - 125 cr
~FIIs in Cash Market – 12 cr, Mut Funds in Cash Market + 363 cr
***total fund flow + 556 cr today & still nifty was down by 20 points.
***Fund flow (January 1)
~FIIs net in Index fut. + 60 cr, FIIs net in Stock Fut. + 39 cr
~FIIs in Cash Market + 100 cr, Mut Funds in Cash Market + 45 cr
***total fund flow + 244 cr today & nifty was up by 74 points.
*** So far net fund flow of + 1148 cr in January series. (Nifty is also up in January series).
