AUTOMATED TRADING

AUTOMATED TRADING

4 April 2012

NIFTY X-RAY REPORT FOR 04 APRIL

The markets made smart gains yesterday with consumer durables, capital goods, oil & gas and metal leading the rally. Banking, realty and power, too, made significant gains. IT, auto and healthcare closed negative. The Sensex closed at 17597, up 119 points from its previous close, and the Nifty shut shop at 5358, up 41 points. The CNX Midcap index closed with 0.7% gain while the BSE Smallcap index was up 1.1% in today's trade. The market breadth was positive with advances at 1000 against declines of 456 on the NSE. The top Nifty gainers were JP Associates, Cairn India, Hindalco and Sesa Goa while the biggest losers included Dr Reddy's, Hero MotoCorp, Maruti Suzuki and TCS.

Market faced hurddle around falling trend line level 5375. All the situation are as same as yesterday. we have see open interest buildup in 5300 put and 5400 put yesterday. Any two consecutive close above 5375 level nifty may touch 5485 level. but at current level between 5350-5420 only intraday trade.

US market vix index is around 17 level. this level is a reversal level in trend of US market. there are close of 4 days in our market so keeping position is risky. Any negetive news from world market may drag our indices down.

INTRADAY TRADING LEVEL FOR 04 APRIL

Resistance 1 Resistance 2 Resistance 3 Resistance 4 Resistance 5
5383.89       5402.25       5420.64        5439.06       5457.51    
Support 1     Support 2     Support 3    Support 4      Support 5  
5329            5310.76        5292.56       5274.39       5256.25  

Recommendation:
Buy at / above: 5365.56 Targets: 5381.19 - 5399.54 - 5417.93 - 5436.34
Stoploss : 5347.26
Sell at / below: 5347.26 Targets: 5331.66 - 5313.42 - 5295.2 - 5277.02
Stoploss : 5365.56  
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