1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures - Bac

[healthraj]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

59CE vol adding up consistently and 58PE vol not that much!
58PE change in OI not moving up at all.

Can we conclude bears are pritecting 5900. and shorts are built but bulls are not protecting 5800... There can be a big fall around the corner !!

The MAX Volume is at 5800 CE and 5900 PE. So Bears are shorting 5900 CE and BULLs are shorting 5800 PE. So right now there is a fight between 5800 and 5900. BEARS are slightly having upper hand because the volume in 5900 CE is higher than 5800 PE. But 5700 is not in the Cards right now because the fight at 5800 is still not over. So do not be over bearish... Only 5815 / 5795 our morning pivot is broken then expect more downside. Otherwise Short at current levels 5870 and look for 40-50 points on the downside... Right now this market is bullish with Intraday pointing to Bearishness... So the Postional call is "Buy on Dips".

 

[healthraj]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

The Max OI has changed from 5600-6000 to 5600-5900. So there is a correction but When that would happen is a question?

 

[healthraj]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

Options Update at 1:45 PM

The Short call, Which we are talking in the morning is hopefully LIVE. In the morning I had told to maintain Long above 5813.

The Pivot has changed from 5813 in the morning to 5820.

The MAX Volume is at 5800 PE and 5900 CE - Favouring Bears slightly.

The MAX OI is at 5600 PE and 6000 CE (In the morning 6000 CE change to 5900 CE indicating that Bears creating Heavy Short position 5900 CE) - Combined price has gone up to 79 from 73 in the morning. Hopefully the price today would reach 65.

Those who are Short please do not look beyond 5820. If 5820 Breaks, you can look for more shorts. Otherwise it is "Buy At Low" The high was 5888. 60 points from there would be 5828. So better to close the positions between 5828-5838.

 

[sabhlok_r]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

change in 5800pe10.25) OI more than 5900ce (9.45) now with max volumes.....
does it indicate any change in view?

 

[healthraj]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

The CHG in OI for 5800 PE is more than 5900 CE. So today the market might not go down below 5860.

 

[healthraj]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

change in 5800pe10.25) OI more than 5900ce (9.45) now with max volumes.....
does it indicate any change in view?

You are right. Our posts may be crossed each other. So today market might not correct

 

[healthraj]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

The CHG in OI for 5800 PE is more than 5900 CE. So today the market might not go down below 5860.

In a matter of just 30 minutes, "Change in OI" in 5900 CE changed from 9L to 3.5L. 5800 PE "CHG OI" is 14L (More or less remain unchanged).

This would mean that 5900 CE getting squared Off, which is a Bearish signal. Can the experts please confirm this?

 

[sabhlok_r]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

today is it between 5800PE(2.67 L) and 6000CE ( 5.73 L) .... lets see how the day fans out...volumes less as of now

 

[sabhlok_r]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

today is it between 5800PE(2.67 L) and 6000CE ( 5.73 L) .... lets see how the day fans out...volumes less as of now

OI in 6000CE crosses 10L....

 

[anup]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

@sablok : We cannot conclude nifty will reach 6000 because some people will be shorting 6000 ce abd that shorting can also add up to OI.. Just my 2 cents