General Trading Chat

lemondew

Well-Known Member
No chart from myside. As I didnt use the chart I only used nse chart. Now Reason for taking long : I used open Interest.

As I said in the morning when nifty went up chg in OI didnt suggest up.
healthRaj has said that its debatable whether OI follows price or vice versa. Thats true. But they generally move together and move towards each other. Today morning there was divergence. So either price had to fall or chg in OI move the opposite way. The chart remaining the same the OI moved all the way up. When the other partner came all the way from south back to its lover . At some point the rate of chg in oi was more than the chg in price.

Hence I took long....
Its possible that they both could go turn south and my trade hits SL. But still it was highly probable trade....




bro , here in this thread post ur trade marked in chart , not trade logs as in trading diary.
 

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