AUTOMATED TRADING

AUTOMATED TRADING

22 August 2013

BANK NIFTY UPDATE

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NIFTY CHART UPDATE 22-08-2013

CLICK ON CHART BELOW FOR LARGER VIEW.

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19 August 2013

TATA STEEL AND NIFTY


TATA STEEL closed in top gainers group today and expected to touch 290 level very soon.
Buy tata steel above 250 keep stoploss at 232 for the target of 290 level.
 click on chart below for its larger view.

Two days Back i warned you that tsunami is coming soon but this time also you did not believe. Now what to do? Risk and Reward ratio is not in favor really for fresh short. Volatility has increased at current level. any jump of 60-70 points will be good shorting opportunity i think. but as shown in chart below that you are seeing nifty weekly chart is just at lower channel support and 50% retracment level is also placed around that zone, so many of analysts are expecting a bounce so need to alert on that level, nifty may bounce back. Bur really i feel that chances are very low. Nifty 5400 call open interest added 33 lakh contracts and FIIs sold Index future worth rs 1215 crores indicating that fresh call writing has been created in 5400 CE strick price.
any break of 5360 level nifty will fall direct to 5180 level.
Fresh short position can be created only below 5360.
You can also predict the move of market and can do a successful trade. How !
To learn come in Mumbai seminar on 15th September.
Reserve your seat. Remember seats are limited. 
Good luck


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