Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -
At 10 AM, the MAX CHG in OI pair changed to 5800-5900. So hopefully today 5800 would be saved. But finding the bottom would be challenge. Right now it has moved from 5790 to 5786. We could keep our yesterday's pivot of 5775 as Stoploss for the LONG.
So right now the Intrday signal is a SELL and not a BUY...
This is the time to trade the options Pair - Yesterday asked to trade 5700-6000 Pair at 95. Today it is 86
Market would take some time to go UP. Positions need to be made. So I would better wait for 5700 PE Volume to UP before taking any Naked LONG positions
04-Jul-13 Option Analysis for NIFTY
MAX CGH in OI at
6100 CE @ 322K
5800 PE @ 334K
Total Change in OI @ CE 497K, PE @ 635K
You can see the first time positions being made at 6100 CE. That shows this rally would minimum test 6000.
OI Max at the same level as 5600-6000 - no change in the past 7 days
CE OI @ 3.18C PE OI @ 3.85C
Weekly Trend - UP
Pivot @ 5860 - This could be the High for today. Positional pivot at 5792 - Which could be the low for the day - Already the Low 5791.6 made. So you can Go long around 5792-5798
5600-6000 Pair today at 63.55
MAX CGH in OI at
6100 CE @ 322K
5800 PE @ 334K
Total Change in OI @ CE 497K, PE @ 635K
You can see the first time positions being made at 6100 CE. That shows this rally would minimum test 6000.
OI Max at the same level as 5600-6000 - no change in the past 7 days
CE OI @ 3.18C PE OI @ 3.85C
Weekly Trend - UP
Pivot @ 5860 - This could be the High for today. Positional pivot at 5792 - Which could be the low for the day - Already the Low 5791.6 made. So you can Go long around 5792-5798
5600-6000 Pair today at 63.55
So right now the Intrday signal is a SELL and not a BUY...
This is the time to trade the options Pair - Yesterday asked to trade 5700-6000 Pair at 95. Today it is 86
Market would take some time to go UP. Positions need to be made. So I would better wait for 5700 PE Volume to UP before taking any Naked LONG positions
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