Who Am I ?

  A little bit about Me   A Professional index futures trader. Have traded at the NSE and the NYSE as also a few Middle Eastern bourses.Made my first trade in 1998.     Work synopsis:   Full time professional Trader– First and Foremost. All other things come next. Manage a Professional trading room dealing […]

Estimates for 30th July.

Good morning. We are playing that pocket of yesterday, between 5385 and 5410 again. A break of 5385 should move it to 5355 and above 5410 can see 5445. The value areas are 5402-5411-5420 for Nifty For the bank Nifty these are 10169-10116-10063. —- .

July Expiry-2

I want to take the opportunity to clarify one aspect of the Vix formula. In the last two expiries, the Vix formula has not come close to meeting it’s targets as we had in Feb, March, April and May.Why? Quite simply,because the calculation is based on the VIX and the Open Interest, with the open […]

Estimates for 29th July.

An expiry day has many pulls and pressures and most day traders simply take the day off. Today’s day will not be without it’s share of surprises with the 1.3 Cr of OI looming large at 5400. The open has been kind to the buyers and a move above 5400 should setup a move for […]

July Expiry

The expiry day in the Indian markets is always a special day and tons of analysis has been done on the importance of the closing price on the activity of next month futures. It is a commonly held belief that the expiry closing price acts as a support or resistance to next month’s price and […]

Estimates for 28th July

GM all. The nifty is again opened within value and range of yesterday. The value areas are 5447-5435-5423 for the Nifty and for the Bank Nifty they are 10129-10072-10009. In range bound markets, value areas are a definitive guide to the nimble trader.Use them. I’m expecting one push to the 5465 region today. That will […]

EOD 27th July

The real action today was in the Bank Nifty index with the RBI rate decision controlling tape movement before 11.30 literally. But first let’s have a look at the Nifty. A choppy day within the 5408-5465 zone or neutral land. Value slipped a bit lower today, only a tad and once again we saw the […]

Estimates for 27th July

GM all. The value areas for today are 5450-5439-5428 for the Nifty and for the Bank nifty they are 10064-10035-10004. The markets have opened at 5435 within value. We had mentioned 5423-5466 as a zone to watch (or 5408-5486) for changes in the momentum of the markets. Quite visibly in the past two sessions the […]

Estimates for 26th July.

Good Morning All. The market’s have opened within friday’s value and have been quickly rejected near the 5466 level we have been watching. On the lower side, 5423 is the first line of support. As on friday, for the upward momentum to return, 5466 and then 5486 have to be taken out. But also noted […]

Estimates for 23rd July.

We have had a market opened above range and away from value, implying the longer term participant controlling the tape for today. Expect a large move either side today. For the upward momentum to continue, price needs to auction above 5465 first and then 5485 on the hourly. — 10.07 The following are the value […]