AUTOMATED TRADING

AUTOMATED TRADING

23 April 2012

Negative global cues pull the markets down today with both benchmark indices and all sectoral indices closing deeply in the red. Metal, realty, capital goods and tech were the worst performers in today's session and power and banking, too, lost significantly. ADAG stocks also closed with sharp declines. The Sensex closed at 17097, down 277 points from its previous close, and Nifty shut shop at 5201, down 90 points. The CNX Midcap index was down 1.5% while  the SMALL CAP index, too, lost 1.5% in today's trade. The market breadth was negative with advances at 328 against declines of 1119 on the NSE.
Nifty future closed at 5198.60 (-1.95%) OI decreased by 6.29%. Nifty fell 1.95% and open interest decreased by 6.29% means profit booking seen in short side by smart players. Nifty 5200 CE added 1673300 and 5300 CE added 1761750 contracts in open interest. Nifty 5100 PE added 978300 contracts in open interest. Slow stochastic and RSI indicator turned down on charts. As per option open interest data Nifty may touch 5135-20 within 2-3 days. 5120-5135 will act as a strong support and market may reverse from there.

Recommendation:
Buy at / above: 5230  Targets: 5250- 5265 - 5275
Stoploss : 5205Sell at / below: 5185  Targets: 5168 - 5150 - 5135 - 5112
Stoploss : 5210

Posted by at
NIFTY X-RAY REPORT FOR 23 APRIL.
NIFTY HAS MADE ONCE AGAIN LOWER TOP FORMATION ON CHARTS. I TOLD YOU UNTILL UNLESS IT CLOSE ABOVE 5340 BULL RALLY CANNOT BE CONFIRMED. I RECOMENDED TO SHORT NIFTY AROUND THIS LEVEL. ON FRIDAY 5300 PE  DECREASED 1084350 CONTRACTS AND 5200PE DECREASED 476750 CONTRACTS IN OPEN INTEREST . NIFTY FUTURE PREMIUM DECREASED FROM 23 POINTS TO 11 POINTS. MEANS HUGE PROFIT BOOKING SEEN IN LONG SIDE. THIS WHOLE MONTHS VOLUME WAS VERY LOW SO I DONT EXPECT ANY MAJOR FALL OR RISE IN NEXT 4 DAYS TRADING SESSION. NIFTY WILL FACE STRONG SUPPORT AROUND 5180-5135 AND IT WILL FACE STRONG RESISTANCE AROUND 5335-5340. ONLY INTRADAY TRADING IS GOOD FOR NEXT FOUR DAYS.
Recommendation:
Buy at / above: 5298  Targets: 5312 - 5325 - 5345 - 5362 Stoploss : 5274
Sell at / below: 5274  Targets: 5255 - 5240 - 5220 - 5205 Stoploss : 5294
Posted by at
Subscribe to: Posts (Atom)

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.