General Trading Chat

tuk tuk day
:lol: :lol:
It has been decided within 5 minute of open that it will be a tuk tuk day :D :lol:
 

wisp

Well-Known Member
Dear ST Da,

How will you mark pivots in this area in today's nifty?

 

rahulmalik

You only lose what you cling to.
Hahaha. Wish I was the one carrying the orders. Actually if you saw what happened..This was not a legitimate buy spike. Good spikes extend 30-40 points. Looks like this Price spike was created on small volumes to line up suckers. When breaks out everyone rushes to buy i.e there is buying interest. Large hand then can quickly unload his positions to those keen buyers without causing the prices to fall rapidly. This is exactly what stop hunting is :)
Please respond Risky bhai. How did you predicted the spike ?

Please also show on a chart if time permits. Also with other parameters, which allowed you to foresee the sharp move.
 

lemondew

Well-Known Member
Nice that you guys posted But would be nicer if some reasons given for the same " " " "


For my onservation as nifty goes up OI suggests some down movement update at 10:06 to 10:12 the chg in Oi suggest some minor down move...

OTM Call chg in oi increases and put decreased.



PS: OI is not the truth/ holy gospel and my reading it may further move it away from truth

I posted the same. Just noticed you also said the same. Likely till the FOMC meet :(
 

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