General Trading Chat

Changes in Open Interest(OI) �: 16th February 2016


Nifty Spot � � � � � �: � � � 7048.25(- �1.60%)
Bank Nifty Fut � � �: � � 14140.65(- �2.01%) � � � �
VIX � � � � � � � � � � �: � � � 23.0400(+ 2.97%)
Premium � � � � � � �: � � � + 6 � VS - 2
Nifty Fut OI � � � � �:�+13.12L shs (+�5.66%)
Bank Nifty Fut OI �: + 0.29L shs (+�1.12%)


Major Changes in Nifty February Options OI :


Calls �: � � � � �

7000 : �+�3.62L(30.94L)
7100 : �+ 8.51L(40.36L)
7200 : �+ 8.56L(50.63L)
7300 : �+�4.33L(54.81L)
7500 : �- �4.14L(54.85L)
7700 : �- �2.15L(28.25L)
7800 : �- �1.40L(26.70L)


Puts �: �

6500 : �+ �1.66L(23.08L)
6600 : �+ �1.72L(16.34L)
6700 : �+ �1.11L(21.17L)
6800 : �- � 0.92L(36.80L)
6900 : �+ �2.12L(38.19L)
7000 : �- � 0.84L(53.39L)
7100 : �- � 4.36L(46.07L)
7200 : �- � 1.84L(35.46L)
7300 : �- � 1.15L(22.09L)
7400 : �- � 1.20L(24.66L)


Highest OI Nifty � � � � �: �Calls � 7500 : �54.85L �- � Puts �7000 : �53.39L


Highest OI Bank Nifty �: �Calls �15000 : �8.05L �- � Puts 14000 : � 4.33L


Change in Stock OI :�


Long Buildup�� � �: FB, ADANI, WPRO, DRRD



Short Buildup�� � : MMFS, YES, CAIR, IOB, PAG, STR, TPWR, ITC, SIEM, VOLT, OBC, IOCL, OFSS, ONGC, INFO, AJP, CRG, ICICI, APNT, BOI, BPCL, CEAT, PNB, TTAN, BHE, CIPLA, NMDC, SKSM�



Short Covering�� �:�WPL, NTPC, CCRI, IIB, JUBI, HMCL, PWGR, ADSEZ



Long Unwinding� �: NJCC, ACC, UCO, ACEM, BAF, JSW, JETIN, PLNG, HDIL, BEML, EIM, BIOS, ALBK, TTMT/A, DEWH, DLFU, IBREL, JUST, RECL, TRP, BOB, ICEM
 
Nifty Option Chain at EOD -



Heat Map showing Long Short Data -



Regards
 
ST Da,

Please could you share some thoughts on how this move should have been traded in Nifty IDF 3 mins and how many trades were there. After morning's short, I was unable to confidently take any entry because it looked more like sideways and there were no proper pivots for entry. For e.g when price started coming down after 1.27, was there an entry below those congestion bars, somehow did not feel confident there because no pivots and even the sideways did not seem like a good place for entry. By the time 1.46 happened, it seemed to be in the middle of the sideways move from 12...would like to hear from you how to handle this in IDF. Would be of big help to learn from you how to analyze today's chart in live market.
I have said that so many times that in visual sideways zone trading pivots is invitation for whip saws.Today market started above 7200 and immediately 7200 was rejected and market came down.It made 3 attempts to go up but all made successively lower tops and failed to go up.So today was a day for trading on VVAP bands and sell at higher bands and cover at near 7100-7120 till in the end when market broke 7100 and started a downtrend.

Many are still struggling with this method and many have not understood the heart of this method .So if you are unable to trade with it, go for some simpler method which you are able to understand and trade...

Smart_trade
 

wisp

Well-Known Member
I have said that so many times that in visual sideways zone trading pivots is invitation for whip saws.Today market started above 7200 and immediately 7200 was rejected and market came down.It made 3 attempts to go up but all made successively lower tops and failed to go up.So today was a day for trading on VVAP bands and sell at higher bands and cover at near 7100-7120 till in the end when market broke 7100 and started a downtrend.

Many are still struggling with this method and many have not understood the heart of this method .So if you are unable to trade with it, go for some simpler method which you are able to understand and trade...

Smart_trade
Da, thank you so much. So when you say sell at higher band, do we sell at a number, a bar low, something else? sorry if question is too dumb.
 
Da, thank you so much. So when you say sell at higher band, do we sell at a number, a bar low, something else? sorry if question is too dumb.
When the price approaches the upper band, you have to see when the upmove is exhausting itself.How will you know that ? A bar which touched the band,and low of that bar is cracked or after a bar touching a band we get a red candle ant its low is broken so that is an indication that the upmove is exhausting.

Smart_trade
 

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