AUTOMATED TRADING

AUTOMATED TRADING

13 March 2012

NIFTY X-RAY REPORT FOR 14 MARCH

NIFTY X-RAY REPORT FOR 14 MARCH
NIFTY CLOSED AT 5429.50
5300 CE OI DECREASED -308100 CONTRACTS  TOTAL OI 3032500
5400 CE OI DECREASED -462350 CONTRACTS TOTAL OI 3834750
5500 CE OI DECREASED -61000 CONTRACTS TOTAL OI 5135150
5300 PE OI ADDED 354350 CONTRACTS TOTAL OI 5811450
5400 PE OI ADDED 941000 CONTRACTS TOTAL OI 4782000
5500 PE OI ADDED 205050 CONTRACTS TOTAL OI 2989700
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Bullish engulfing outside bar candle sticks pattern formed in nifty EOD charts.As per RSI and slow stochastic nifty is in strong buy mode. Nifty has given closing at 5429.50 after 10 days. AS per option open interest data huge put writing has been seen in 5400 PE which is higest open interest addition today. These option data was not clear yesterday. today it has given clear signal even 5500 PE were writing today. All data indicating sharp up move for next trading days also. nifty is facing strong resistance around 5440. Expect it will break in gap up only. Only sustaining above 5440 will confirm nifty next move.I expect nifty in near term 5540.
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ADVANCE/ DECLINE==755/361
                              HIGH               LOW                 CLOSE
LAST                    5438.65            5390.80              5429.50
PREV                    5421.90            5327.30              5359.50
LWEEK                5382.05            5175.45              5333.55
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SWING INDICATORS
5D-BUY @  5430  REVERSAL 5171
10D- SELL @ 5281 REVERSAL 5459
20D- SELL @ 5222 REVERSAL 5630
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INTRADAY SUPPORT AND RESISTANCE
S2-5371,S1-5400, PIVOT-5419,R1-5448,R2-5467
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MOVING AVRAGES
5D-5313/20D-5402/50D-5177/200D-5168
HIGEST CLOSE
5D-5429.50/10D-5429.50/20D-5607
LOWEST CLOSE
5D-5220.45/10D-5220.45/20D-5220.45
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