AUTOMATED TRADING

AUTOMATED TRADING

15 March 2012


NIFTY X-RAY REPORT FOR 160MARCH
Nifty closed at 5380.40 -83.40 -1.53%
5300 CE OI DECREASED -255500 TOTAL OI 2634050
5400 CE OI ADDED +430650  TOTAL OI 3910050
5500 CE OI ADDED +1160050 TOTAL OI 6142700
5300 PE OI DECREASED -188350 TOTAL 6277650
5400 PE OI  ADDED +21400 TOTAL OI 4621800
5500 PE OI  DECREASED -535100 TOTAL OI  3043650

As i told you huge open interest buildup was seen in 5600 CE yesterday and watch the level of 5500 level carefylly. nifty closed with significant declines today.All sectoral indices closed in red. consumer durebles, realty and, banking were biggest loser . Market bredth was negetive  with advances at 394 againest declines of 961 on NSE. Top nifty gainer was HUL today. Credit policy rate action hinged on inflation and crude oil price may spur inflation with fiscal slippage additing to inflation. 
Avoid aggressive buy on index on friday and wait for the volatility to die down. As per option open interest data 5300 level should act as strong support zone for nifty. Nifty immidiate support at 5368 level.Watch this on friday carefully. Huge open interest buildup seen in 5500 ce today. FII activity in equity market is +156.02cr. and -502.91 cr in future market. Fii are not selling in  cash market. They are selling in future market so that they grab opportunity of news base volatility.AS per Fii activity dont expect any panic like situation. Long term players grab opportunity of dip  of 5200 -5100 level.
A long outside bar bearish candlestick has formed on EOD charts. prices has just closed at 13 EMA. After breaching 5300 level we may kiss 5050 level very soon. BUt all eyes are stick with our Finance ministers on friday. If Fm manage to fullfill the expection of market  then expect a blasting rally till 5640-5755, now suppose that if not manage to fullfill the expection of market than expect a sharp fall to 5150-5050 without working any technical support. 
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