AUTOMATED TRADING

AUTOMATED TRADING

11 September 2012

NIFTY X-RAY REPORT FOR 12 SEP

NIFTY X-RAY REPORT FOR 12 SEP

The markets open gap down and started recovered soon and closed 26.55 points up and market breadth was positive. Market closed today at 5390 which is 78% retrecment level from 5215. As I have been  saying you since so many days that a good great rally is awaiting in our Indian Market. Market fell 2 points below my Laxaman Rekha (5217) but soon it realized that if it will go below 5217 it will burnt and recovered sharply from that level. As I have indicated you in my earlier post that a minor correction may happen from around 5400 level. But option data say something different today.
Nifty 5300 put added 1499850 shares in open interest.
Nifty 5400 put added 1682000 shares in open interest.
Nifty 5400 call decreased by 375250 shares in open interest.
According to nifty option open interest data indicating clearly that bull will be confident to save nifty above 5400 level tomorrow. Fii bought Index future worth rs 102.69 and open interest increased by 5.1% and nifty is up by 26.55 points, indicating that fresh long position have been made by smart money. Put call ratio has raised from 0.88 to 1.01. All above data analyzed indicating towards up move further. Any closed above 5448 this time we may see a rally towards 5630 very soon. If any down move of 25-30 points happen, grab nifty future for the target of 5555.

Posted by at

Disclamer:-

Futures and Options trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the Futures and Options markets. Don't trade with money that you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell Futures or Options.

The contents of this site are for general information purposes, only. The strategies/plan discussed above in this thread/site is made by me based on data which is operated and maintained by third parties. However it is tested and proved every attempt has been made to assure accuracy, but it is by me only. We assume no responsibility for errors or omissions. Examples on this site and in the manual are provided for illustrative purposes and should not be construed as investment advice or strategy. The future data manual is for informational purposes only. These predictions/tips are technical , based on charts conditions ONLY. This is only a guideline, the decision has to be taken after logical thinking by you. Technical analyst and astrologist will not be liable for any personal or financial losses or profits.

The information and views in this website & all the services we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most.

By your act of reading this independent and individual market research, you fully and explicitly agree that Rajesh Singh or My website (www.niftyeyes.blogspot.in/www.niftyeyes.in) will not be held liable or responsible for any decisions you make regarding any information discussed herein. Take a proper advice from a certified adviser before invest in future and option market.