Manoj's Trading Diary

[manojborle]

Somewhere I had written yesterday that nf will try to break the low and then by trapping shorts will move up.
But now it looks like it has broken the high and trapped longs and moving down.
I ma holding 5900 pe bought today @ 95.9, will see where it takes support, depending on that will square off my position

 

[manojborle]

Present ask-bid is negative (-44600)
So more transactions are happening on bids so does it mean it is more selling than buying.

So does it mean that closing should be lower ?

 

[manojborle]

Can anybody explain the interpretation of negative ask-bid ?

 

[manojborle]

now the difference is -55000 shares and this was increasing from the beginning

 

[manojborle]

What I can interpret from seeing charts is that when this will become positive the market will reverse

 

[manojborle]

now it is -103000

 

[manojborle]

waiting to exit 5900 pe bought yesterday @93.5

 

[manojborle]

now it is -91000 around the same price so it has reduced so may be it is getting ready for reversal

 

[manojborle]

now -78000

 

[manojborle]

Gap filled and the difference has increased to -130000 so will hold my 59 pe expect more downward movement