Thursday, September 23, 2010

Daily nifty chart ..analysis indicating that profit booking is Beneficial

Daily nifty chart ..analysis indicating  that  profit booking is Beneficial  
candle ..red ..indicating that bearish sentiment is developed ...now   bulls are taking  positions below lower levels ..
volume ...were less  due to traders are still in hope that  they will sell at higher prices . but finally bears able  able to hold in red zone..
acc disstri..just turned slightly .downside ..indicating  profit booking started.
cci  cmf   going down
GMMA converging
MACD .Histogram  ..red  ..and giving sell signal ,as its height is decreased
MFI at  80%  ..indicating  profit booking zone and pointing downside indicating money drainage started 
RSI .W%R and stochs..turning to south east ....and when all indicators are pointing that  Bulls are weak here  ....then who will support them ....



NIFTY
As on 23-SEP-2010 15:30:34 Hours IST
Instrument TypeUnderlyingExpiry DateOption TypeStrike PriceMarket Lot
FUTIDXNIFTY 30SEP2010--50
Price Information
Open Price6010.25
High Price6017.80
Low Price5943.25
Last Price5967.60
Prev Close6002.15
Close Price5971.75
Change from prev close-34.55
% Change from prev close-0.58
VWAP5970.97
Underlying Value5959.55
Number of contracts traded393318
Turnover in Rs. Lakhs1174244.99
Open Interest32916700
Change in Open Interest-1715250
% Change-4.95
Order Book
Buy QtyBuy PriceSell PriceSell Qty
18505968.005968.5050
2505967.205968.7050
44505967.055969.001750
162505967.005969.0550
505966.655969.55500
768200Total Buy QtyTotal Sell Qty586500

Cost of Carry
Best BuyBest SellLast Price
Price5968.005968.505967.60
Cost Of Carry7.397.827.04

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