General Trading Chat

rahulmalik

You only lose what you cling to.
Yesterday, there was sudden unwinding in 7700PE and 8000CE in last few mins of trade. High volatility expected today !
Surprisingly Oct series - 8100PE holds the highest OI, almost double than the highest OI in CEs (9100).
 

rahulmalik

You only lose what you cling to.
What a beautiful red candle on a 5 min chart :D
 

XRAY27

Well-Known Member
Breaking news

Fire breaks out at RBI tower in Mumbai. 8 fire engines have rushed to the spot to control the fire-ANI

Source:Times of India
 

Riskyman

Well-Known Member
That will depend on what global markets do. SPX is trading above the 50% retracement of the fall from 2105. Should it fall below 1960 levels then it will be a bearish reversal.
For Nifty the 50% retracement mark falls somewhere at 8090 levels. Any failure around these levels can drag the Index down back to 7660 levels on it 5th wave. Now wave 4 in progress.
7660 done as Wave 5 in progress. Can extend down much deeper.
 

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