AUTOMATED TRADING

AUTOMATED TRADING

28 March 2012

NIFTY X-RAY REPORT FOR 28 MARCH

NIFTY X-RAY REPORT FOR 28 MARCH
NIFTY CLOSED AT 5243.15(1.14%)UP
5100 CE OI DECREASED BY 265550 TOTAL OI 1380900
5200 CE OI DECREASED BY 322650 TOTAL OI 5383950
5300 CE OI DECREASED BY 830850 TOTAL OI 5357200
5200 PE OI ADDED 811550 SHARES TOTAL OI 7214800
5300 PE OI ADDED 597050 SHARES TOTAL OI 4192500

A very volatile trading session and finally nifty took support around 5200 and closed almost 50 points up. nifty future was up by 60 points yesterday and open interest was also increased by 70131 contracts indicating shorts were covered yesterday and long buildup seen in option.
5200 pe and 5300 pe open interest seen huge open interest seen huge addition and open interest decreased in 5100,5200 and, 5300 call indicating shorts were covered yesterday. As per EOD charts slow stochastic nifty is in over sold and RSI has turned up. Nifty has formed dojji and bullish harami pattern on charts which is indicating it may rise in near term.
If nifty sustain today 5272 it may touch 5320 and 5380 level. I expect expirey between these levels.
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swing indicators
5D    SELL AT 5257 REVERSAL 5386
10D  SELL AT 5184 REVERSAL 5499
20D SELL AT 5222 REVERSAL 5499
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INTRADAY SUPPORT AND RESISTANCE LEVEL
S2-5141/S1-5192/PIVOT-5235/R1-5285/5328
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