AUTOMATED TRADING

AUTOMATED TRADING

5 March 2012

NIFTY X-RAY REPORT FOR 06 MARCH

NIFTY X-RAY REPORT FOR 06 MARCH
NIFTY CLOSED AT 5280.35(-1.47%)
5200 PE OI ADDED 996150 CONTRACT TOTAL OI-8424350
5300 PE OI ADDED 348750 CONTRACT TOTAL OI-2849500
5400PE OI ADDED 175650 CONTRACT TOTAL OI-3850000
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5200 CE OI ADDED 381950 CONTRACT TOTAL OI -2471400
5300 CE OI ADDED 8071700 CONTRACT TOTAL OI -2849500
5400 CE OI ADDED 488900 CONTRACT TOTAL OI-3683400
ADVANCE/DECLINE=====370/742
AS I told you earlier that market is playing see saw between 5300 -5400. I told you also there is minimum 200 points rally is confirm after breaking 5300 or 5400. today higest open interest addition seen in 5300 call and 5200 put. indicating next trading range between 5200 to 5300. but due to election result tomorrow we expect highly volatile trading session either side. Any significant event on the international front could also have an impact on the markets. best stratagy in current time is wait and watch. On the other hand, risky takers can adopt the ‘straddle option’ strategy, which will benefit them if the markets swing in either side. As per option open interest data Nifty will face  first support  at 5210 and the second one is at 5150. On the other side, the first resistance is at 5440 and the second is at 5610.
                          HIGH              LOW           CLOSE
LAST                5344.50            5265.70         5280.35
PREV               5392.55            5315               5359
LWEEK           5458.80            5265               5359
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SWING INDICATORS
5D- DOWN    5429   REVERSAL        5459
10D- DOWN   5281  REVERSAL        5630
20D-UP           4850   REVERSAL        5266
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INTRADAY SUPPORT AND RESISTANCE
S2-5218/S1-5249/PIVOT-5296/R1-5328/R2-5375
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MOVING AVRAGES
5D-5349/20D-5417/50D-5118/200D-5172
HIGEST CLOSE
5D-5385/10D-5607/20D-5607
LOWEST CLOSE
5D-5280/10D-5280/20D-5280
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