AUTOMATED TRADING

AUTOMATED TRADING

1 August 2012

NIFTY X-RAY REPORT FOR 2 AUGUST

LAST DAY SNAP SHOT:-
- The markets closed with moderate gains today with healthcare, capital goods and realty being the biggest gainers. Metal and oil & gas closed with significant losses. The Sensex closed at 17257, up 21 points from its previous close, and the Nifty shut shop at 5240, up 11 points. The CNX Midcap index was up 0.9% while the BSE SMALLCAP index gained 1.1% in today's trade. The market breadth was positive with advances at 947 against declines of 490 on the NSE.
CURRENT TECHNICAL SITUATION:-
NOTHING HAS CHANGE SPECIAL IN TECHNICAL CURRENTLY. NIFTY CLOSED ABOVE 13 and 34 EMA CONSECUTIVE THREE DAYS WHICH IS HIGHLY BULLISH SIGN AND GIVING INDICATION THAT PRICE MAY RISE MORE IN NEAR TERM. FIIS SOLD NIFTY FUTURE WORTH RS 59 CR AND OPEN INTEREST INCREASED AND FUTURE PRICE IS UP BY 16 POINTS, INDICATING SOME LONG HAS BEEN BOOKED BY FIIS HERE.
NIFTY 5200 PUT ADDED TODAY ALSO HUGE OPEN INTEREST. 5200 PUT ADDED 948,450 SHARES IN OPEN INTEREST AND 5200 CALL DECREASED 234,550 SHARES FROM OPEN INTEREST INDICATING THAT BULL WILL MAINTAIN ITS LEVEL ABOVE 5200 FURTHER. TODAY A ANOTHER INTERESTING THING SEEN IN MARKET THAT 5500 CALL ADDED  992,850 SHARES IN OPEN INTEREST TODAY WITH HIGHEST OPEN INTEREST ON CALL SIDE AT 6,383,350 INDICATING THAT CALL WRITERS ARE SLOWLY SHIFTING FROM 5400 -5500 CALL. THEY ARE THINKING THAT 5400 CALL WRITING IS NOT SAFE.
I HAVE TOLD YOU IN PREVIOUS REPORT THAT INCREASING IN OPEN INTEREST IN HIGHER STRIKE PRICE MAY INCREASE THE NIFTY RANGE. SMART MONEY ARE EXPECTING SOME MORE GAP UP MOVE ON NIFTY.
ANY TWO CONSECUTIVE CLOSE ABOVE 5300 NIFTY MAY JUMP TO 5500 LEVEL VERY SOON.
I HAVE BEEN SAYING SINCE SO MANY DAYS THAT GOOD GREAT RALLY IS AWAITING IN INDIAN MARKET BUT NON OF YOU BELIEVED. SGX NIFTY IS SHOWING CURRENTLY AT 5268. EXPECT 5300 TOUCHING TOMORROW.
5500 VERY SOON.
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