McClellan Readings

As market men struggle to decide whether to sell at 5750 levels in the Nifty future or buy around these levels, here is one indicator which diminishes the immediate prospect of a down move from these levels on Monday. It’s called the McClellan Oscillator.Developed by Sherman and Marian McClellan, the McClellan Oscillator is a breadth […]

Sellers go for the jugular !

What a day ! It’s days like these which makes one so passionate about trading and also puts up a notice that you cannot take the market for granted. Consider it this way, the safest traders at the start of the series were the 5800 PE writers, who had nothing going wrong for them for […]

Charts of Dec future

Here are some charts of the Dec future for the nifty and the bank nifty as of the close of trading yesterday. Profile View : BN Dec Profile View : Nifty Dec Bank Nifty Vol Profile from yesterday : Nifty Vol profile from yesterday .

charts

Bank Nifty : Nifty : Value Areas : 5960-5949-5911 in the Nifty 12260-12239-12147 in the BankNifty. .

V shape

We opened our doors today to a whole bunch of enthusiastic traders wanting to check out Vtrender Live, our trading room and our orderflow indicators. I’ve often said that the best place to check out the potency of any good indicator is a two-way volatile market and our guests would not have asked for a […]

Position Update : 22nd Nov & 19th Nov

*** INTRA-DAY TRADES **** Buy BN abv 12140, sl 12080, tgt 12200/ 12260TGt 1 doneBuy Bank Nifty 12239, sl 12170/ tgt 12300/ 12400.Sl of 12170 taken Buy Mini at 5992/ sl 5940 tgt 6091.Positional trade.Sl of 5940 taken the next day Nifty total points : points.Bank Nifty : points. ———————————————————————— *** NEW TRADES *** ———————————————————————– […]

Nifty closes up

Open House Update : I’ve just issued all the passwords for the Open House tomorrow. Please check your mail for all instructions to log into the Trading room tomorrow. The Nifty and the Bank Nifty today did a good job of closing above value area high from friday.Though price was with the buyers all day […]

short term reversal

At the time of this post, the Nifty future is at 5954 currently above 5939 which is not just Value area Low but also a previous support and a break-down point from Friday afternoon’s session. Staying above 5939, this market should target 5974 and then 5996 where the market would find resistance as Shai Pointed […]