General Trading Chat

[amitrandive]

Reason for trade , open=low =50...............could you elaborate more please ?:thumb:

7700 CE opened @ 50 and its low was 50,it never came below that.
A reason to go long

See attached chart of Spot Nifty giving details.

5 min Chart of Spot Nifty

 

[TraderRavi]

IMO one down leg is pending.
in 7800 call - put OI coming close. it may act as boundary.
so far expiry zone 7700-7800.

 

[TraderRavi]

7700 CE opened @ 50 and its low was 50,it never came below that.
A reason to go long

See attached chart of Spot Nifty giving details.

5 min Chart of Spot Nifty

amit bhai again Banknifty chart :lol:

 

[Riskyman]

got chuna laga diya trade due to this pullback, in puts
could not cover profit quickly => got losa .

Where did you enter?

 

[wisp]

Ya with one day to go for expiry, pe writers thinking the markets might not fall another round like yesterday. SPX was crawling sideways like a crab. Now showing some red ticks. Lets see how EU opens.

According to some theory I read on the net, if OI for PE is higher near expiry price will go up and if OI for CE is higher price will go down. Some pain theory....having never traded options, I have no idea if true or false.

 

[amitrandive]

amit bhai again Banknifty chart :lol:

Thanks TR
Corrected image.

 

[rahulmalik]

amit bhai again Banknifty chart :lol:

Amit bhai - kuch to fishy hai Please check if you are trading from your own terminal, ya padosi ka hai :rofl:

 

[TraderRavi]

Where did you enter?

I entered when nifty could not sustain over 7760 , it reversed back to up again from 7740.

 

[amitrandive]

Amit bhai - kuch to fishy hai Please check if you are trading from your own terminal, ya padosi ka hai :rofl:

Ha ha ha ha

I post markings on bazaartrend charts.
By default it opens with BankNifty
So I mark and upload realizing afterwards that it is not Nifty .

 

[Riskyman]

I entered when nifty could not sustain over 7760 , it reversed back to up again from 7740.

Ok. Like you said, we could have one more nice downleg all the way towards days low. I bought some 7800 pe. Lets see how it goes.