AUTOMATED TRADING

AUTOMATED TRADING

26 December 2012

NIFTY X- RAY REPORT FOR 26 DEC


Nifty recovered in second half again closed above 5900. A trend line resistance is coming around 5925-30 which is strong obstacle for bulls. If cross this level any how will touch successfully 6100

in few days. If does not cross then it will spend some more time in consolidation. Fii bought index future worth rs 163 cores increasing by 77028 contracts. Nifty 5900 put added 1971800 contracts in open interest and 5900 call decreased 1448950 contracts from open interest which is indicating that expiry is possible above 5900. Once nifty break out this range once more blasting and impulsive up move can be seen in nifty in near term. Trend is buy on dip. Use the dip and take a sip.
GOOD LUCK

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