Quantitative Analysis of Nifty

[QuantNifty]

Those who averaged cost during last friday for the short call can book profit now, rest need to hold on till earlier reco levels come.

Regards,
QuantNifty

 

[QuantNifty]

Nifty clocked intraday volatility of 0.99%, which is lower than the long term average. Immediate support level lies at 5477 and resistance level lies at 5531 respectively. FII's bought INR 1854.03 and sold INR 1806.96 crores, whereas DII's bought INR 752.71 and sold INR 749.3 crores in the cash market respectively. Indian rupee weakened by INR 0.23 vis-a-vis USD.
Nifty Put Call Ratio is at 0.942

Call for May 17, 2011
Short Trade with SL 5541
Optimal Short Level from 5518 till 5496 & Optimal Square Off Level 5469

 

[QuantNifty]

Close all Short Positions as we have achived target, Traders with higher risk appetite can hold on position...

 

[timepass]

Close all Short Positions as we have achived target, Traders with higher risk appetite can hold on position...

Are you saying that holding on to shorts can be risky ? Nice contra stand since most of the guys here feel that the downside will continue. Can you post some chart about it?

Thanks in advance.

 

[QuantNifty]

Hi Timepass,
My calls are generally for intraday. So, the time window is for today, we may see a bounceback. As I have discussed earlier my trading method is mechanical trading ie fusion of both some technical indicators and fundamentals, hence I dont follow any chart whatsoever.

Lets see how things pan out today.

Happy Trading,

QuantNifty

 

[timepass]

Thanks. Will wait for your today's calls.

 

[QuantNifty]

Nifty clocked intraday volatility of 1.1%, which is lower than the long term average. Immediate support level lies at 5394 and resistance level lies at 5454 respectively. FII's bought INR 2451.46 and sold INR 2830.9 crores, whereas DII's bought INR 1115.97 and sold INR 1088.51 crores in the cash market respectively. Indian rupee weakened by INR 0.02 vis-a-vis USD.

Nifty Put Call Ratio is at 0.865

Call for May 19, 2011
Initiating a Short Trade with SL 5460
Optimal Short Level from 5440 till 5418 & Optimal Square Off Level 5391

 

[QuantNifty]

Lacklusture day of trade, close positions if target not achieved till 3.15 pm

 

[QuantNifty]

Nifty clocked intraday volatility of 0.76%, which is lower than the long term average. Immediate support level lies at 5409 and resistance level lies at 5450 respectively. FII's bought INR 2113.76 and sold INR 2151.17 crores, whereas DII's bought INR 1127.33 and sold INR 994.99 crores in the cash market respectively. Indian rupee weakened by INR 0.02 vis-a-vis USD.
Call for May 20, 2011
Initiating a Short Trade with SL 5452
Optimal Short Level from 5447 till 5425 & Optimal Square Off Level 5398

 

[QuantNifty]

SL triggered, book loss