AUTOMATED TRADING

AUTOMATED TRADING

2 January 2013

NIFTY X-RAY REPORT FOR 03 JAN 13

CHEERS !!!

Nifty is giving gap up opening  since two days and went above 6000 level in intraday. Nifty revisited 6000 level after a long journey of 24 months. Strong bullish signal on EOD chart. It is giving closing above its 100% volatility range since two days. Today 6200 call added 17,46,050 contracts in open interest and 6300 call added 1,099,200 contracts in open interest. Fii bought index option worth rs 2547.43 cores and huge addition in 6200 and 6300 call with good volume indicating that fresh long entry has been made by Fiis. Fii bought index future worth rs 373.89 cores and 0.8% indicating fresh long position has been created into the system today. As per Nifty EOD chart RSI and Slow stochastic is improving towards upside indicating up move in further direction. 6017 and 6032 is the next resistance for Nifty and 5969 level will act as support and it will work as a trend changer on hourly chart in intraday. 6200 is on the way hopefully may kiss in next two weeks.
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