AUTOMATED TRADING

AUTOMATED TRADING

11 February 2012

                THERE IS MORE HOPE IN THIS BULL RUN. NIFTY IS SHOWING VERY FAST RECOVERY FROM EVERY FALL. FROM LAST FIVE DAYS IT IS TRADING BETWEEN 5323 TO 5423 LEVEL. NIFTY HAS SUSTAINED ABOVE 50 DMA ON WEEKLY CHARTS FROM MORE THAN 6 DAYS. IT IS FACING VERY CRUCIAL RESISTANCE NEAR 5400 LEVEL
                 NOW LETS CONSIDER THE OPTION DATA OF NIFTY. 5400 CALL OPEN INTEREST ADDED 402300 SHARES WITH TOTAL OPEN INTEREST OF 5741850. 5400 PUT OPEN INTEREST ADDED 515150 WITH TOTAL OI OF 4737950. 5300 PUT OPEN INTEREST ADDED 65900 SHARES WITH TOTAL OPEN INTEREST OF 6776150. 5300 CALL OPEN INTEREST  SHADED -238150 SHARES IN OPEN INTEREST.  CURRENTLY  VERY CRUCIAL AND CONFUSING DATA OF NIFTY.
                 INVESTORS NEED TO BE VERY CAUTIOUS AT THIS LEVEL.  ANY BAD NEWS DRAG NIFTY ANOTHER 100 POINTS FROM CURRENT LEVEL.
NOW SEE THE CHART BELLOW. CURRENTLY NIFTY STRUGGLING AROUND 5400 LEVEL ONE MORE CLOSE ABOVE 5400 LEVEL NIFTY WILL BLAST UP TO 5702-5746 LEVEL VERY SOON. CURRENTLY VERY STRONG SUPPORT IS AROUND 5323 AND THAN  5250-60 ON WEEKLY AND DAILY BASIS.

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