Wednesday, May 8, 2013

NIFTY OUTLOOK AND TRADING LEVELS FOR 08 May 2013

Nifty spot  moved up and closed at 6044…what ever momentum we are watching on candles is not visible at momentum indicator …momentum indicator is not showing full momentum …same RSI , which  was moving towards South ward  turned to North East direction and trying to make its double top . compare last two sessions eod  charts and find the difference …upper one is yesterday’s chart .


NIFTY_Daily_07-05-2013


 


 


 


Posted  yesterday …It was trading above Fib support but indicators were pointing to south ….


NIFTY_Daily_06-05-2013


Positive to gap up  opening is expected with possibility  of extremely volatile session ahead.


Buy at / above: 6084   Targets: 6110  - 6126 – 6144 – 6165
Stoploss : 6068
Sell at / below: 6068   Targets: 6051 – 6034 – 6014 – 5989-5972
Stoploss : 6084


Contrary to expectations of profit-booking in stocks after RBI’s annual credit policy, benchmark indices hit a three-month high on Tuesday, underscoring the fact that robust foreign inflows were driving up markets despite poor economic fundamentals.


Is it true ??


FII trading activity on NSE, BSE and MCX-SX on Capital Market Segment


The following is combined FII trading data across NSE, BSE and MCX-SX collated on the basis of trades executed by FIIs














FII trading activity on NSE,BSE and MCX-SX in Capital Market Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
FII07-May-20133021.822366.61655.21

Domestic Institutional Investors trading activity on NSE, BSE and MCX-SX on Capital Market Segment


The following is combined Domestic Institutional Investors trading data across NSE, BSE and MCX-SX collated on the basis of trades executed by Banks, DFIs, Insurance, MFs and New Pension System














DII trading activity on NSE,BSE and MCX-SX in Capital Market Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
DII07-May-2013744.181473.35-729.17

Seems something is hidden …If  FII bought yesterday  DII sold more than that …then what was there ???


Same in Derivative segments  they were net sellers except index futures ..


fii


but media selling news  without monitoring the facts ….we are seeing a bubble here..please be alerted  and trade wisely with proper stop loss management and under supervision of expert adviser…


Bank nifty moved up yesterday  but  without technical support …volume was low and other technical indicators were creeping down so we are expecting that bank nifty may  retest its recent high and then it will move towards South  as per technical chart ...bank nifty will close below 12300 this week if  it won’t cross 12700 level .


BANKNIFTY_Daily_07-05-2013



NIFTY OUTLOOK AND TRADING LEVELS FOR 08 May 2013

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