AUTOMATED TRADING

AUTOMATED TRADING

5 November 2012

NIFTY X-RAY REPORT FOR 06 NOV

NIFTY FUTURE TOOK SUPPORT EXACT AT MY PROJECTED LEVEL 5710 AND REVERSED FROM THERE. ON FRIDAY IT TRADE ABOVE THIS LEVEL AND NIFTY GAVE RESPECT THE SAME LEVEL. AS NIFTY FUTURE CLOSED LITTLE ABOVE THE PREVIOUS CLOSE SO THERE IS NOT TO MUCH CHANGING IN TECHNICAL SIGNAL. NIFTY RESPECTED 5710 LEVEL THEREFOR 5710 SHOULD ASSUME AS STRONG SUPPORT IN NEAR TERM.
NIFTY 5700 PUT ADDED 603,650 FRESH SHARES IN OPEN INTEREST. THIS OPTION DATA IS ALSO GIVING SUPPORT AROUND 5700 LEVEL.
FII SOLD INDEX FUTURE WORTH RS 120.35 CORES AND OPEN INCREASED BY 0.6% SO PARTIAL PROFIT BOOKING SEEN IN TODAYS TRADE BY FIIS.
UNTIL NIFTY FUTURE HOLD 5710 LEVEL THERE IS NO WORRIES FOR BULLS. IF NIFTY FUTURE COME BELOW THIS LEVEL THEN IT MAY KISS 5675-80 AND I THINK THAT LEVEL WILL BE GOOD LEVEL WHO MISSED TO ENTER AT LOWER LEVEL IN NIFTY.
AS I HAVE TOLD YOU AROUND 5217 LEVEL THAT GRAB NIFTY AGAIN I AM SAYING THAT GRAB NIFTY IN DIP IF COME AROUND 5675-80.
PUT CALL RATIO INCREASED FROM 1.07 TO 1.10 GIVING FAVOR TO BULLS.
TWO CONSECUTIVE CLOSE ABOVE 5750 FUTURE LEVEL WE MAY SEE ONCE MORE BLASTING RALLY. 
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