Sunday, June 9, 2013

Nifty macro and micro analysis for week ending 14 Jun 13

Nifty closed in red but still above 20 week moving average means bouncing from this level may take nifty towards 6080  but selling with volumes below 5870 will take nifty to 5750 5600 level…. as per weekly chart 5870 is strong support .


NIFTY_Weekly_08-06-2013


Daily eod nifty chart is indicating that inverted hammer with long tail closed just below 50 dma… above it bulls empire and below 5887 bears will dominate ,rsi is below 30 volume is low and macd histogram may converge next week … 5790 is very  very strong support as par daily chart …6000  6040 are easy nifty targets if bounce will be seen.


NIFTY_Daily_08-06-2013


oi table is showing that open interest is decreasing with correction in Nifty is indicating that long unwinding is going on and upblast at any moment may surprise to market participant . stay alerted and do not take it lightly.


oi fall


Nifty on Friday moved as per prediction and buying at low and selling at top of the market was observed at dhanvarsha chatroom .. few traders may or may not be holding nifty long with them at 5890 5900 level but advised to buy at low as btst trade .


7 Jun 13, 09:21 AM

adminBUY nifty at cmp sl 5888 BUY ce at 50 52 sl 43


7 Jun 13, 12:34 PM

admin: SELL nifty at 5972 BUY pe at 64


pe5900


targets


7 Jun 13, 12:42 PM

admin: 5906 – 5926 – 5945 – 5964


nifty


Dhanvarsha  bolti hai ….


7 Jun 13, 01:00 PM


aks: about + 20 point gain in nifty 6000ce and +1 nifty5900pe @64.65



conclusion….


5870  is crucial …above it nifty may trade upto 6100  and below tht 5790  5700 so we may expect nifty range   5870 +/- 180 points for coming week ….


piddu



Nifty macro and micro analysis for week ending 14 Jun 13