AUTOMATED TRADING

AUTOMATED TRADING

31 October 2012

NIFTY X-RAY REPORT FOR 01 NOV

Nifty consolidated after breaking the 15 days range. As per Nifty EOD chart Nifty spot price has closed near 34 EMA. Nifty took support at my earlier projected level at 5585 and reversed from there. Nifty may kiss 5637 level again before further down move. It may take next support at 5555.
Nifty closed at 5619 (+21.80). Fii sold index future worth rs 169 crore and open interest decreased by 2.3% which indicate that profit booking has been done by Fiis in todays trade. Nifty 5600 call added 498300 contracts in open interest and 5600 put added 539650 contracts indicating that a volatile move may happen on Thursday session. Nifty 5700 call added highest 809200 contracts which indicates that 5700 level is becoming good resistance. nifty next important resistance is at 5637 and nifty immediate support at 5585. nifty put call ratio is at 1.03.




















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