General Trading Chat

Changes in Open Interest(OI) �: 31st August 2015

Nifty Spot � � � � � � �: � � �7971.30 (-��0.38%)
Bank Nifty Fut � � � �: � �17208.40 (-��0.37%) � � � �
INDIA VIX � � � � � � : � �24.5950 �(+� 5.42%)

Premium � � � � � � � : � � 29 VS 21
Nifty Fut OI � � � � � �:+ � 3.11L shs (+� 1.38%)
Bank Nifty Fut OI � : -� �0.12L shs (-��0.61%)


Major Changes in Nifty September Options OI :


Calls �:�� � � � �
8000 : �+ �3.45L(26.96L)
8100 : �+ �2.51L(25.14L)
8200 : �+ �1.79L(29.59L)
8400 : �+ �1.52L(21.70L)
8500 : �+ �2.78L(37.12L)
8600 : �+ �1.81L(15.90L)
8700 : �- � 1.21L(12.03L)

Puts �: �
7200 : �+ �7.09L(14.30L)
7300 : �+ �4.80L(13.12L)
7400 : �+ �5.33L(26.28L)
7500 : �+ �3.64L(26.68L)
7600 : �+ �2.19L(28.36L)
7700 : �+ �1.79L(22.70L)
7800 : �+ �2.07L(45.77L)
7900 : �+ �3.53L(27.03L)
8000 : �+ �4.86L(48.16L)


Highest OI Nifty � � � � �: �Calls � �8500 : �37.12L �- � Puts �8000 : � 48.16L

Highest OI Bank Nifty �: �Calls �18000 : � 4.24L �- � �Puts 17000 : � 3.40L

Change in Stock OI :�

Long Buildup�� � � �: JSP, UNBK, JSW, OBC, DRRD, SUNP, BPCL, IIB, SNDB, BOI, NMDC, EIM, HCLT, ALBK, CBK, AJP

Short Buildup�� � � : GNP, ADSEZ, GDSP, DABUR, VOLT, CRG, EXID, CEAT, IHFL, ACC, MMFS, HAVL, ICICI, ABNL, SBIN, AL, TPWR, HZ, CSTRL, BHE, SKSM, DLFU, WPL, MCLR, HNDL, FB

Short Covering�� � : HEXW, DEWH, PTCIN, CIPLA, IDBI, LPC, UCO, GAIL, LICHF, PIDI, JPVL, CAIR, ENGR, CLGT, HUVR, SUNTV, OFSS, KBL


Long Unwinding�� �: BOS, AMRJ, Z, SRF, IGL, GRASI, ITC, BHART, HDFC, LT
 
Below is a detailed Elliot Analysis of Nifty.

The Primary bull run that started from September 2013(5200) ended on March 2015(9100) registered a rise of nearly 4000 points. This rise encapsulated the proper 5 waves structure as laid out by Sir R.N.Elliot.



I am pinning on the 7200 level because of the following reasons:

1.7200 level is the level of wave ii 3 [3] as highlighted by the ellipse on the second chart above.

2. A 50% Fibonacci of the entire primary wave gives us the level of 7150 .

3. There is always a Fibonacci relation between the lengths of Wave A and Wave C. Wave A was exactly 1180 points (9120-7940) . I'm expecting Wave C be 1460 points long. That is 1180 x 123.60%(a Fibonacci level) = 1458.48. So from the level of 8655(previous high), 8655-1460=7195.

Such clustering of evidence around 7200 add weight-age to the level.

in the 3rd chart is a breakup of the corrective Wave A-B-C reflecting Nifty at its current level of resistance which is exactly 61.8% of the the Wave 1 so far into the primary Wave C.
ew levels taken for the analysis maybe off by 10-20pnts. But in my understanding they do not hamper the reliability of the Elliot and Fibonacci tools. It would be very interesting to note than ever since Nifty has hit the 9000 high, the RSI indicator has evidently undergone a range shift. Early the indicator would cross the 70 mark and stay shy of 40, but at 9000, the indicator did not pass above 60 and also broke the 40 mark to take support at 30 several times.
 

XRAY27

Well-Known Member

SwagatN

Well-Known Member
Below is a detailed Elliot Analysis of Nifty.

The Primary bull run that started from September 2013(5200) ended on March 2015(9100) registered a rise of nearly 4000 points. This rise encapsulated the proper 5 waves structure as laid out by Sir R.N.Elliot.



I am pinning on the 7200 level because of the following reasons:

1.7200 level is the level of wave ii 3 [3] as highlighted by the ellipse on the second chart above.

2. A 50% Fibonacci of the entire primary wave gives us the level of 7150 .

3. There is always a Fibonacci relation between the lengths of Wave A and Wave C. Wave A was exactly 1180 points (9120-7940) . I'm expecting Wave C be 1460 points long. That is 1180 x 123.60%(a Fibonacci level) = 1458.48. So from the level of 8655(previous high), 8655-1460=7195.

Such clustering of evidence around 7200 add weight-age to the level.

in the 3rd chart is a breakup of the corrective Wave A-B-C reflecting Nifty at its current level of resistance which is exactly 61.8% of the the Wave 1 so far into the primary Wave C.
ew levels taken for the analysis maybe off by 10-20pnts. But in my understanding they do not hamper the reliability of the Elliot and Fibonacci tools. It would be very interesting to note than ever since Nifty has hit the 9000 high, the RSI indicator has evidently undergone a range shift. Early the indicator would cross the 70 mark and stay shy of 40, but at 9000, the indicator did not pass above 60 and also broke the 40 mark to take support at 30 several times.
Where is the chart ??
Or if its taken from web, plz provide the link..
 

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