AUTOMATED TRADING

AUTOMATED TRADING

11 April 2013

nifty chart update for 12 april

Nifty faced resistance around 5605 level and break and sustain above this level will give another fresh pull back rally. After long time Fiis started buying in index future. They bought index future worth rs.267 cores and nifty closed up by 35 points and open interest increased by 4.2% indicating that fresh long position has been created into the system. After long time 5600 put seen writing today. This all indicating a possible up move in very near term. As per EOD chart pattern nifty is in a ending diagonal triangle. once it break either side will give fresh movement.  Further short position can be created only below 5635 level. 
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