Wednesday, November 20, 2013

Market on 20 choppy or bearish ? Negative to gap down opening is expected with choppy session ahead , as nifty spot failed to breach 6201 effectively and  closed there today negative opening below 20 dma and 61 % fib retracement level will work as resistance  for up move there fore  track nifty spot care fully . hang man at nifty eod at 61 % fib retracement level and 20 DMA


Options  sell or profit booking of Rs 700 Cr on 19 Nov 13  by FIIs

Indication   they kept nifty and bank nifty above 6200 only to book gains in callls now they may move towards puts  ….  speculation

It was advised last day at Free open  chatroom

19 Nov 13, 03:04 PM

[×] [o] kim: 6240-45 is major rest on NF

19 Nov 13, 03:05 PM

[×] [o] admin: yes stbt nifty at 6230 40



Smart money is going out   …FIIs invested 5640 CR in Nov and DIIs pulled 6981 Cr till date in  Nov month ..source Money control  




Perfection comes by practice  …Trade  in NF as per these level s

Buy at / above: 6243   Targets: 6259 – 6278 – 6299 – 6318
Stoploss : 6219
Sell at / below: 6219   Targets: 6201 – 6182 – 6165 – 6146-6113
Stoploss : 6243

please note these all levels are sell below and buy above levels depending on market price action and level at particular time  supppose at 1400 Hrs NF is trading at 6115 and tends to move up in such case  call will be buy at and above 6113  sl  6089 for targets 6246 – 6165 – 6182 and so on  so do not think  that why  we are advising to buy at low .

chunnu sa  …spinning top  at 200 DMA in bank nifty ..will we expect reversal confirmation  I mean long red candle today ??






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