AUTOMATED TRADING

AUTOMATED TRADING

10 September 2012

MARKET UPDATE FOR 11 SEPT:-

MARKET UPDATE FOR 11 SEPT:-
The markets closed with little declines today and consolidated whole day with realty was the worst performer. The Sensex closed at 17384, down 45 points from its previous close, and the Nifty closed at 5254, down 5 points. The CNX Midcap index was up 0.1% while the BSE Small cap  index gained 0.2% in today's trade. The market breadth was positive with advances at 780 against declines of 635 on the NSE.
Nifty 5200 put standing  with highest open interest at 8348850. Nifty 5300 put added more than 12 lakh shares in open interest which is indicating that 5300 level will work as wall to give support Nifty. So friend just be confident that 5300 level is not going to break in normal condition in near term further. Those who have bought nifty they have golden opportunity to hold it with stop loss at 5300 level. Market will face resistance at 5400 level in near term. Any close above 5445 this time we will see another round of blasting rally.
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5705 coming soon

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