AUTOMATED TRADING

AUTOMATED TRADING

28 January 2013

NIFTY X RAY REPORT FOR 29 JAN

Breakout waiting on Nifty hourly chart above 6090 nifty will kiss 6140 very soon. ( see the chart below) Fiis sold nifty future worth rs 36.20 cores. As nifty future was up by 3 points and open interest decreased by -6.0% indicating long has been covered in todays trade.
Nifty 6100 put added 720,400 contracts in open interest and 6100 call added 751,400 contracts in open interest indicating a volatile move for tomorrow session. Both call and put of 6100 has been written today in expectation of RBI meeting tomorrow. Lots of volatility may seen tomorrow due to RBI news flow.
Intraday trading is advisable at least till expiry. Put call ratio is at 1:12 indicating bullish sentiment.
Strong support at 6039
strong resistance at 6096  
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