AUTOMATED TRADING

AUTOMATED TRADING

16 May 2012

The Sensex closed at 16328, up 112 points from its previous close, and the Nifty shut shop at 4943, up 35 points. As per EOD charts nity is in highly oversold zone on daily and weekly charts. As per option open interest data 4800 put has higest open interest at 7355250 and 4900 put open interest at 7118150. which further giving signal that market will not fall below  4800 level. nifty strong support at 4850. After a long time we have seen decreasing open interest in 4900 call. Today  asian market is in red  so expect a red opening and pull back rally in last hour is expected. 
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