AUTOMATED TRADING

AUTOMATED TRADING

12 April 2012

NIFTY X RAY REPORT 13 APRIL

The markets lost a significant part of its gains towards the end but still managed to close substantially higher above 13 and 34 EMA. Nifty has given bullish divergence on charts. slow stochastic ahs turned up.ADX is moving slowly towards upside. Metal, FMCG and banking supported the indices well while IT and tech pulled them down. Ahead of its results, Infosys was the biggest dampener among IT counters. Nifty shut shop at 5277, up 50 points. The CNX Midcap index closed with 0.8% gain while the BSE small cap index was up 1% in today's trade. The market breadth was positive with advances at 937 against declines of 490 on the NSE.
5200 PE added higest openterest  today with total openinterest at 6807250.5300 CE oi is decreased by 18200 contracts. huge put writing has been seen today by big and smart players. big resistance on chart. Any 2 consecutive close above 5340 nifty will fly to 5500-5600 level nonstop.
We have all ready entered in nifty, but If have not entered in nifty wait for 5340 level. certainly you will get 200 points up side.
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