AUTOMATED TRADING

AUTOMATED TRADING

11 June 2012

NIFTY X-RAY REPORT FOR 12 JUNE

 The S&P  downgrade report on Indian market acted as a dampener to market sentiment, with both benchmark indices losing significantly in the last one hour of trade. Capital goods, healthcare, realty and oil & gas were the biggest losers in today's session while consumer durables and FMCG made some gains. The Sensex closed at 16668, down 51 points from its previous close, and the Nifty shut shop at 5054, down 14 points.
Nifty future closed in red at 5052 and  open interest decreased by -3.63% indicates that  no shorts have been built up today only longs have been covered. Fii bought 527 crores in index future. The fall is limited. Nifty 5000 put added 331650 shares in open interest and 5000 call added 30100 shares in open interest. 5200 call has highest open interest in call side and 4800 put has highest open interest in put sides, indicates that Nifty has a range of 4800-5200 for June series. As I gave you a indication That market may fall and recommended to short nifty at 5090 level. I think you all have minted money in opposite direction. As per option Data I don't think that Market will fall too much.
If nifty come around 4990-4960 level That will be buying opportunity for nifty. I highly expect that market will head towards 5200 after tuesdays fall. If anybody have position in shorts side may exit around 4990-4960 level.
Tomorrow IIp data has to come If IIP data will be good market may fall up to above level and If IIP data come bad Market may go up in expection that RBI will  reduce interest rate, I think so. Don't be hectic yesterday.
As per  Nifty EOD chart slow stochastic is showing overbought.
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