AUTOMATED TRADING

AUTOMATED TRADING

9 March 2012

NIFTY X-RAY REPORT FOR 11 MARCH

NIFTY X-RAY REPORT FOR 11 MARCH
NIFTY closed at 5333.55+2.17%
5200PE OI  ADDED 650750 CONTRACTS TOTAL 7474700
5300 PE OI ADDED 1290350 CONTRACTS TOTAL 6164250
5400 PE OI ADDED 206150 CONTRACTS TOTAL 3482150
5300CE OI DECREASED -331650 CONTRACTS TOTAL 3519450
5400CE OI DECREASED -6200 CONTRACTS TOTAL 4326000
5500CE OI DECREASED -137100 CONTRACTS TOTAL 4974700
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As per option OI data huge open interest addition seen in 5300 PE. and we have seen in deduction in 5200,5300, 5400 and 5500 CE, indicating clearly that PUTS have been written today. As I have all ready given indication on wednessday that market may reverse. Idont know howmany of you believed or not. It has given smart recovery from 5200DMA. Rate cuts by 75BPS to 4.75% from 5.5% by RBI can boost up this rally on monday, and any closing above 5440 we may kiss once again 5600 level very soon. A smell of cooking by RBI from special source had come during trading our today. I have all ready given recomendation today to my all paid subscribers to buy nifty as much as you can . outside bar bullish candal has perform on daily charts. As I told you yesterday as per fast and slow stochastic nifty was in oversold zone.Today RSI and STOCHASTIC has turned up, indicating a strong upmove. nifty has given closing at just above 13EMA. Watch the sustaining move above 5400 on monday. if sustain we may see a smart rally. Banking, finance, reallty, auto will boost niftyup.
FII has bought 1284.65cr today in cash market.
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                                    HIGH                  LOW              CLOSE
LAST                          5342                     5291                5333.55
PREV                         5243.85                5171.45           5220.45
LWEEK                     5458.80                5268.15           5359.35
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SWING INDICATOR
   5D  SELL @ 5429 REVERSAL 5393
10D SELL @ 5281 REVERSAL 5521
20D SELL @ 5222 REVERSAL 5630
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INTRADAY SUPPORT AND RESISTANCE
S2-5271/S1-5302/PIVOT-5322.45/R1-5353/R2-5373
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MOVING AVRAGES
5D-5359/10D-5429/20D-5607
HIGEST CLOSE
5D-5359/10D-5429/20D-5607
LOWEST CLOSE
5D-5220/10D-5220/20D-5220

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