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Charts
Nifty : Bank Nifty :
Position update : 29th Nov
*** INTRA-DAY TRADES *** * Buy BN 11870, sl 11800, tgt 11927Exited at cost* Sell Bank Nifty 11780, sl 11820/ tgt 11700.Sl taken *Buy Mini at 5808-5810/ sl 5880 tgt 5848/5867.Exited at 5815 Nifty total points : points.Bank Nifty : points. ———————————————————————— *** NEW TRADES *** Buy 5800 CE at 150, sl 102, tgt 243. […]
Oversold Bounce
The bounce which was expected in the weekend posts by Shai and Girish played out and we had a move to friday highs again today. The Vol profile chart shows a higher percentage of buyers than sellers and some initiative activity at key levels. 5804 and 5830 are important ref levels to the downside with […]
Options/ futures data for 26/11
Summary: 1. Again as we saw on Thursday, the DEC Options data is not displaying that bearishness we have seen on the screen in the last few days. Just take 5800PE vs 5800CEs – the 5800PEs are massive 51L vs 24L 5800CEs (even after a 100% increase in 5800CE OI on Friday). 2. 5900 seems to be balanced […]
McClellan Readings (2)
The chart which i posted in my previous post was indeed the NYMO advance-decline chart, specifically used to calculate overbought and oversold conditions on the NYSE ( New York stock exchange). We are not trading on the NYSE, but actually the NSE and the only change in the formula has been the values of the […]
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 .