AUTOMATED TRADING

AUTOMATED TRADING

15 October 2012

NIFTY UPDATE

ALMOST 600 POINTS WE GAINED IN LAST MONTHS 
SUPERB AND FANTASTIC PROFIT
We will definitely reach from One lot to 32 lots in just 20 months, only we need some patience.
Nifty made low 5215 in last series and made 5815 in Oct  series total 600 points rally happen in this wave and we capture almost all points. 
Market turned and became volatile after touching 5815.
Further Nifty is in corrective  mode from 5815 and it seems that it will fall to 5586 or 5526.
According to Nifty option data nifty 5700 call OI added fresh 1068250 shares indicating that 5700 level will act as further resistance. On the put side nifty 5600 put standing highest open interest indicating that 5600 level will act as support and 38.2% retrecment level is also coming at 5586. Therefore 5600 level is strong support for nifty further.
Any two consecutive close below 5886 Nifty may drag to 5526.
GAP FORMATION
5435-5526
5399-5415
5303-5309
5238-5309
5043-5077
5435-5526 is breakaway Gap. below this gap nifty will be bearish and until it is above the gap it is bullish. 

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