Nifty Key levels for day traders

[linkon7]

Large financial institutions that engage in speculative activities for profit should be allowed to fail if they get in trouble, White House advisor Paul Volcker said Sunday."If a big non-bank institution gets in trouble and threatens the whole system, there ought to be some authority that can step in, take over that organization and liquidate it or merge it -- not save it," Volcker said

 

[linkon7]

4900 call gained 21% OI
4800 call gained 37% OI

4800 put gained 2% OI
4700 put shed -1.58% OI

NIFTY Feb witnessed 7.8% OI build up...

 

[findvikas]

You bet... someone is carrying home shorts... count me in...

 

[linkon7]

I see a further 5-10% correction in markets, says Manishi Raychaudhuri of BNP Paribas Securities on CNBC TV18. He cites monetary tightening by the Reserve Bank, exit of stimulus in the Budget and fall in earnings as reasons for the same. However, he does not foresee deep cuts from here on as he expects investors, particularly foreign investors, who have lost out on the Indian opportunity in the second half of 2009 to coming back.

 

[findvikas]

look at 4800PE... it was trading at 80 few mins back... while spot was 4801-4804... now spot is 4802 and its at 85-86...

 

[linkon7]

Some minutes away from close, the market is trading lackluster and listless. European markets opened in the green and are trading firm. Sensex is trading at 16049, down 103 points from its previous close, and Nifty is at 4801, down 25 points. CNX Midcap index is down 0.5% and BSE Smallcap index is down 0.2%. The market breadth is negative with advances at 463 against declines of 810 on the NSE.

 

[linkon7]

Closing strategy :

dont carry anything...

If we closed above 4836, then longs made sense....
4780 was tested, buy strong buying came at that level...

we continued to make higher highs and higher lows for the past so many days... Today we broke that... I'm getting a weak sell signal on Daily chart. Weekly says southward journey has halted...

 

[Vinay Thakar]

HI
Thanks for this guideline

 

[linkon7]

4810... is our trend decider for today

Above it stay long,
below stay short...

 

[linkon7]

so far, we managed to open at the trend decider.
Brackets are 4795 and 4813.... lets see which side breaks...