AUTOMATED TRADING

AUTOMATED TRADING

30 November 2012

NIFTY X-RAY REPORT FOR 30 NOV


Market gave a robust jump in two days. All negative views turned into positive now. Now every common person is shouting that market is going towards 6000. When I was saying no body has believed.
78.6% retracement level of 2011 fall comes at 5950 level. Nifty highest open interest on call side is standing in 6000 level Nifty highest open interest standing on put side in 5700 put. Yesterday 5800 put added 1563550 fresh contract in open interest indicating that 5800 level is going to give support nifty for todays session. Nifty long term rising trend line support is coming around 6175. So there is high probability that it may kiss the rising trend line. According to Elliott wave theory we are in 5th wave of  "B" wave. 5th wave may have the same length of first wave and according to wave  theory. So As per length of 1st wave nifty may have a capecity to kiss 6150 level. Retail FDI policy is ready to inject liquidity in nifty. Nifty is currently highly overbought on hourly chart, so better is to wait and let nifty indicators come down. But it not necessary that when it will come down. Price injection in the market is so impulsive.
I would like to advised to sell your all  holding stocks around 6000 level. You all will see 4200 level in 2013. C wave of the fall will be impulsive. price falling in nature will be very fast so then you will not get opportunity to sell your stocks at good price. Choice is yours.  

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.