AUTOMATED TRADING

AUTOMATED TRADING

29 June 2012

MORNING UPDATES

 Now consider the level of 5280 spot Nifty price, which is previous month high level. If market give two consecutive close above this level, one today which will be closing on weekly basis also, will be strong bullish sign for market and it  may kiss 5400 (70% retrenchment) very soon.
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 Yesterday lots of  short build up seen in the system but news from across global and domestic front market turned bullish, and it has crossed its line of control level which was 5217, successfully and trading above this level since morning. As i have discussed earlier that above 5217 market may kiss 5300 level very soon. 61.8% retrenchment level comes at 5300 and  70% comes at 5400 level.
now we can expect that above level comfortably.
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