General Trading Chat

[Riskyman]

The way fut premium is getting in and out of sync with respect to spot price, 5 min chart is a ticking bomb that may blow up on the face.

Today is Fryday. Market makers won't let anyone get away easy.

5 min, 10 min doesnt matter coz price will paint the same thing on all TF. Today, even if you take the 30 min TF, you will see that most of the candles are painting lower highs than the previous candles. Also you will notice on the first hourly candle the bias was to the downside.

 

[rahulmalik]

aggressive OI built up in 7900PE

OI suggesting nearly flat closing. Lets see

 

[Dax Devil]

I am very much worried about next big FRYDAY, when Nifty opens after holiday and after FED meet

As Riskyman aptly said, Dow leads the nifty by the nose. And all the world indices are crying to lie down to rest somewhere in deep bottom after climbing for months. Moot point is, will they climb down gracefully or just let go out of sheer tiredness and tumble down.

BTW, irony is, Nifty climbed empty stomach and without oxygen. Touche.

 

[Riskyman]

OI suggesting nearly flat closing. Lets see

Very strange why 7900 pe should add if spot is below 7800.. I did not see the coi this morning when nifty was up 60 odd points. Would you know what the OI then was?

 

[rahulmalik]

Very strange why 7900 pe should add if spot is below 7800.. I did not see the coi this morning when nifty was up 60 odd points. Would you know what the OI then was?

I have been constantly watching OIs. 7900PE has been building up since 2 days now, although today it became the highest COI in PEs.

Similarly, no major PE unwindings in BankNifty, so we may not fall soon. Lets see how it goes on by EOD

 

[XRAY27]

Yesterday resistance turned todays support !!!

 

[Dax Devil]

8 points got shaved off 7900pe. Yet 7700pe is not affected that much given the otm status... Figure this.

 

[TraderRavi]

got a short move but bhootnath retraced fully , got thullu , not my day, closing terminal , bye bye :annoyed:

 

[wisp]

channel holding

 

[snp1]

Yesterday resistance turned todays support !!!

Yes looks like...Lets see if this works out!!