AUTOMATED TRADING

AUTOMATED TRADING

14 November 2013

NIFTY UPDATE

Nifty 6100 call added 13lac contracts in open interest consistently two days indicating that as long as 6090-6110 is protected my short term view will be bearish on nifty. Sgx nifty is showing 40 points up so we think that any bounce should be use for selling.
RSI and 21 day exponential Moving average is working well on nifty chart since one year. I expect a down move towards 5930. Where I also expect that nifty may spike up upto 6100 level. Use to short.
 
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