AUTOMATED TRADING

AUTOMATED TRADING

19 November 2012

NIFTY X- RAY REPORT FOR 20 NOV

WE HAVE SEEN NIFTY TOUCHED THE LOWER TREND LINE TODAY WHICH IS AROUND 5550. BELOW THIS TREND LINE AS YOU ARE SEEING THAT THERE IS A GAP ON CHART. ANY CLOSE BELOW 5525  NIFTY MAY TEST LOWER LINE OF GAP. BUT WHEN YOU CONSIDER THE WHOLE CHART YOU WILL FIND THAT THERE IS A ANOTHER BIG LONG TERM TREND LINE WHICH COMES AROUND 5200.
WILL NIFTY FALL TO 5200 OR NIFTY WILL GO TOWARDS 6000. IT WILL CONFIRM THE BLUE TREND LINE IN BELOW CHART. PRICE WISE WE NEED CONFIRMATION, IF NIFTY GIVE A CLOSE ABOVE 5630 THEN IT WOULD BE FIRST CONFIRMATION. AS WE ARE SEEING THAT  SOME POSITIVE MOVE IN U.S MARKET MAY HELP NIFTY TO OPEN SOME GAP UP AROUND 5630 AREA AND NIFTY BOUNCE MAY START FROM HERE.
TECHNICAL REMAIN AS SAME AS YESTERDAY. NIFTY IS TRENDING DOWN SINCE 6 DAYS.
FIIS PARTICIPATION WAS CALM IN MARKET TODAY. NOT TO MUCH ACTION SEEN IN FNO AND CASH SEGMENT. HIGHEST OPEN INTEREST POSITION IN 5500 PUT ARE READY TO GIVE SUPPORT NIFTY. DAY BEFORE YESTERDAY FII BOUGHT OPTIONS WORTH RS 1488 CORES. WERE THE OPTION BOUGHT ON CALL SIDE WILL BE CONFIRM IF NIFTY SUSTAIN ABOVE 5630.
NIFTY 5950 COMING SOON.

Disclamer:-

Futures and Options trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the Futures and Options markets. Don't trade with money that you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell Futures or Options.

The contents of this site are for general information purposes, only. The strategies/plan discussed above in this thread/site is made by me based on data which is operated and maintained by third parties. However it is tested and proved every attempt has been made to assure accuracy, but it is by me only. We assume no responsibility for errors or omissions. Examples on this site and in the manual are provided for illustrative purposes and should not be construed as investment advice or strategy. The future data manual is for informational purposes only. These predictions/tips are technical , based on charts conditions ONLY. This is only a guideline, the decision has to be taken after logical thinking by you. Technical analyst and astrologist will not be liable for any personal or financial losses or profits.

The information and views in this website & all the services we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most.

By your act of reading this independent and individual market research, you fully and explicitly agree that Rajesh Singh or My website (www.niftyeyes.blogspot.in/www.niftyeyes.in) will not be held liable or responsible for any decisions you make regarding any information discussed herein. Take a proper advice from a certified adviser before invest in future and option market.