AUTOMATED TRADING

AUTOMATED TRADING

8 March 2012

NIFTY X- RAY REPORT FOR 09 MARCH

NIFTY X-RAY REPORT FOR 09 MARCH
Nifty closed at 5220.45(-0.04%)
Advance/Decline==378/728
5200 CE OI ADDED 526150 CONTRACTS TOTAL 3316350
5300 CE OI ADDED 890600 CONTRACTS TOTAL 4032350
5200 PE OI ADDED 45600 CONTRACTS   TOTAL 7584850
5300 PE OI SHADED -211350 CONTRACTS TOTAL 5414400
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Nifty has given lowest close after 12 trading session.5169 which is 200 DMA acted as a strong support zone, and we saw  strong recovery from that level. As per fast and slow stochastic nifty was in oversold zone. 5300CE added higest open interest on call side, even 5200CE seen writting yesterday. but higest open interest in 5200 pe not let the nifty fall too much. It took support at 200 DMA and recovered almost 55 points from that level. FII sold 28305 contract in nifty future  worth 742 crores and open interest decreasingby 18059 contracts indicating profit booking on short side on wednesday. I have alerted you on wednesday during trading hour that nifty may take reverse from 5150 level. Nifty is tecnically sell mode. All world indices supporting nifty to recover from 200 DMA. Untill unless nifty given close above 5420 it will not come in strong buy mode. any close above 5420 this time nifty may touch its previous high.
                            HIGH        LOW          CLOSE
LAST                  5243.85      5171.45       5220.45
PREV                 5382.05      5206.40        5222.40
L.WEEK            5458.80      5265.15        5359.35
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SWING INDICATORES
5D-  SELL @ 5429 REVERSAL 5393
10D-SELL @5281 REVERSAL 5537
20D-SELL @ 5222 REVERSAL 5630
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