Flat to negative opening is expected with possibility of choppy session with confusion ahead because nifty closed at 22 % retracement level 6079 which it self a pivot level also . About support at 6080 informed on 10 Nov at http://dhanvarsha.in/trend-lines-indicating-nf-levels/ “as per eod chart bias is bearish fib support is 6080 if selling with volumes will be there 5950 5872 will act as 50 DMA and fib support…Money flow index is showing that money is going out ” ….Technical indicators are working properly and market is following them …there are two ways to clear 6079 level either by gap down of 15 to 20 points or selling with volumes so wait and watch for next move …only one hope for bulls is pivot level …will it help them enough ??
Fiis were net sellers of Rs 700 Crores in index and stock futures on 11 Nov 13
this 5 hour sgx Nifty chart is showing that Nifty futures are having no support till 6000 level …so advising to stay short with positional trade advised to sell at 6360 trail with sl 6196….
Trade in Nifty futures as per these levels
Buy at / above: 6133 Targets: 6159 – 6178 – 6198-6212
Stoploss : 6109
Sell at / below: 6109 Targets: 6087 – 6067 – 6048- 6028
Stoploss : 6133
11 Nov 13, 01:17 PM [×] [o] admin: BUY pe 6100 at 61 64 sl 58 tgt 69 75
( bottom fishing low was 60.30)
11 Nov 13, 01:36 PM [×] [o] admin: pe trading at 71.90 BOOK 50 % gains
11 Nov 13, 01:39 PM [×] [o] admin: have u gained on pe 6100 from 64 to 72 ??
11 Nov 13, 01:40 PM[×] [o] admin: pe 6100 tgt 2 done 75 traded
later traded at 86 ….
11 Nov 13, 12:54 PM[×] [o] admin: speculative trade ………… sell bank nifty at 10970 80 sl 11016 tgt 10905 10816
11 Nov 13, 12:54 PM[×] [o] admin: trading at 10967
11 Nov 13, 12:58 PM[×] [o] kiran: b/o speculative SL gone
11 Nov 13, 12:59 PM[×] [o] admin: bank nifty sl triggered
11 Nov 13, 01:00 PM[×] [o] admin: sell again bn with sl 11022 trading at 11000
advised to sell at top
[×] [o] admin: 11 Nov 13, 12:54 PM [×] [o] admin: speculative trade ………… sell bank nifty at 10970 80 sl 11016 tgt 10905 10816 later with sl 11022 …..http://prntscr.com/23dzr0 traded below 10815
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Flat to negative opening 12 Nov 13
