AUTOMATED TRADING

AUTOMATED TRADING

1 February 2013

UNDERSTAND THE MARKET

I have given data below of Fiis activity of previous one year to understand the market direction.

There are three big numbers of buying seen in below charts.
1.  February 2012 -   23,236.38 cores
2.  September 2012- 20,807.81 cores 
3.  January 2013-      19,197.88 cores
In February 2012 Nifty low was 5077. after that market went to 5630.[ 553 points rally ]
In September 2012 Nifty low was 5216, after that market went to 5965 [ 749 points rally ]
In January 2013 Nifty low was 5897 after that market is continue and touched upto 6112 only 215 points rally has happen. They have used every dip for buy.
 Question is why Fiis have bought such a huge amount in current market situation in January month. Are they not aware with Elliott wave theory or with current economic situation or about the big crash which other TV analyst are talking about ? Yes ! They are.............. They are making fool of you.
But you are not understanding the market my dear friends. Top is still due in our Market. Atleast 300 more points are due in market from current top of Nifty.
cheers!!!!!!!!!!!!


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