AUTOMATED TRADING

AUTOMATED TRADING

25 January 2013

FIBONACCI RETRACEMENT

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NIFTY CHART

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24 January 2013

NIFTY UPDATE FOR 25 JAN

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M&M

A good trading opportunity is on the way in M&M. The stock has fallen from 976 to 851 today. Seems 4th wave completion and starting of new 5th wave. AS the stocks has recovered from 851 and closed at 877 indicating that stocks may rise in near term. If todays low fail to sustain then we have to give a alternate count. 
CLICK ON CHART FOR ITS LARGER VIEWS.


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NIFTY AND L&T UPDATE


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23 January 2013

NIFTY X-RAY REPORT FOR 23 JAN

Nifty gave a closing above 6080 but didn't sustained yesterday and fell to 6042. Is the up trend over. So many analyst are saying that trend is over now by seeing Negative divergence on daily chart. Negative divergences and Slower momentum doesn’t indicates the trend termination but they are warning sign not the absolute turning points, we have to respect the PRICE because price is the supreme in market.
Till we don’t see lower top and lower bottom we have to remain positive with cautious approach or break of 5850 will give extra energy to bears and that will be the final confirmation that 5 wave rally is over with strong negative divergences till then enjoy the Up ride. Fiis are buying in tunes everyday in cash segment indicating that 5th wave may extend to 6500 level.
Nifty 6000 put open interest standing with highest number Indicating strong base for January series. In Morning yesterday I have told you that positional traders who may bare 150 points fluctuation may keep position.
Nifty hourly chart which is shown below has taken support on ten day trend line. If Nifty gives respect this trend line today then expect that it is ready to fly in next wave upto 6160. If fail will fall to 5990.
Good Luck 

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22 January 2013

NIFTY UPDATE FOR 23 JAN

 
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21 January 2013

NIFTY UPDATE FOR WEEK AHEAD 21 JAN TO 25 JAN

 Nifty breaking and sustaining above 6090 will give a blasting rally of 200 points. 


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