AUTOMATED TRADING

AUTOMATED TRADING

27 August 2012

NIFTY X RAY REPORT FOR 28 AUGUST

NIFTY X -RAY REPORT FOR 28 AUGUST
LAST DAY SNAP SHOT:-
 The markets closed in little red today with realty, banking and capital goods was the biggest losers. The Sensex closed at 17679, down by 104 points from its previous close, and the Nifty closed at 5350, down by 36 points. The CNX Midcap index was down 0.8% while the Small cap index lost 1% in today's trade. The market breadth was negative with advances at 418 against declines of 1021 on the NSE.
CURRENT TECHNICAL CONDITION:-
DII sold stocks worth rs 500 cr and FII bought this stocks in 200 crores in cash market. This is the trading attitude of our retails investors. Due to political uncertainty in UPA government market react negative.  They get hectic and panic very soon and sold their stocks in loss. Market is still in buy on every dip mode. 
As I was expected that market will take support around 5370 level but it breached and closed 20 points down from our support level at 5350. But no need to worried. Market has taken support at very important place today also.
Fii bought nifty future worth rs 384 crore  market slipped by 36.45 points and open interest decreased by -7.2% indicates that shorts have been covered today. Still no need to worry for bulls untill nifty is protecting 5300 level.
Nifty future open interest unwinded 1816400 contracts from current month and added 2585000 contracts in next month series, indicating that roll over have been done at lower level today. Indicating that smart money carrying their longs for next series. Total rollover is standing at 22%.
Nifty 5300 put added fresh 700,700 contracts in open interest indicating that nifty will protect 5300 level in august series. nifty 5400 call added 14,34,300 contracts in open interest, indicating that 5400 level will create strong resistance. If we find any unwinding Market slipped 36 points but selling pressure was very limited has seen in our market. And I hope a bounce in market tomorrow upto 5414. Market has given positive (almost 1% up) closing on every tuesday in August series.
GOOD LUCK
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