NIFTY TRENDS AND TRADING STRATEGY

Nifty closed negative at 5362.95, lower by 17.40 points or ‐0.32%, as persistent profit booking in index heavyweight turned sentiments negative amid rising crude oil
prices. Nifty has formed a dark cloud cover candle with no upper shadows on daily charts indicating sustained selling at higher levels, and at same time index has
also closed at the channel line support placed at 5,350 levels. Decisive closing below 5,350 indicates that Nifty is likely to remain under selling pressure which would
lead the index downwards towards 5300‐5250. On the up side sustain buying above the 5,380 mark will see follow up buying towards 5,420‐5,460.

Trading strategy
would be to Sell if market resist at 5,380 and Buy if support at 5,330. First resistance for the Nifty is 5,384 and next resistance 5,404 and first support for the Nifty is
5,350 and next support at 5,336.

*** TRADE AT YOUR OWN RISK AND LIABILITY , READ DISCALIMER

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BANK NIFTY PERFORMANCE ON 25 JULY 2013

BANK NIFTY SELL TRADE MADE ABOUT 70 POINTS ON 25 JULY 2013

FII FLOWS INCREASES

Flows into India likely to remain limited in the near term, as relative valuations of stocks versus emerging markets do not look attractive, Macquarie says. India thus “may be staring at a possible negative 12 month forward returns,” Macquarie says. The controversy over taxation for foreign investors, as well as macro challenges, are key reasons for net outflows of foreign institutional investors (FIIs) in April vs strong Jan-March inflows, Macquarie says. Indian stocks look historically cheap, but is trading at a premium of around 33 percent vs emerging markets vs the long-term average of 27 percent, Macquarie estimates. Nifty is seen trading in 5,000 to 5,500 range and the Sensex in 16,000 to 18,000 range, as “global liquidity glut” to provide some support, Macquarie says. Reuters

Day Trading Software - Does This Really Work

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