Put holders holding 7200,7400,7500 puts and the trend is up. The puts are loosing value every day. Anticipatory trading. When market was falling, people were buying...now market is going up and traders are selling...in both case looking for reversal but leaving the entire move currently at hand.
This phenomenon has been there from years and will continue for years....
Yup, precisely. Bank Nifty seems like its gearing up for a good move. Should test 16000 today. IF it closes above 15800 can see the banks firing on all cylinders from tomorrow.
I think the psb's and banks in general will be in real bull mode from now. This was just the sign i was looking for. No more shorting any of my usual stocks till i see a clear reversal.
Put holders holding 7200,7400,7500 puts and the trend is up. The puts are loosing value every day. Anticipatory trading. When market was falling, people were buying...now market is going up and traders are selling...in both case looking for reversal but leaving the entire move currently at hand.
This phenomenon has been there from years and will continue for years....
kio fadya nahi ha bolna ka... on tv everybody keeps on shouting that stoploss use karo but i have seen people asking questions after losing 90 percent of their stock value that what should they do now....
I dont trade fully on bands but when I see the levels, AMA 15 and AMA 5 for daytrading and AMA 60 and AMA 15 for swing trades give good results. Pratap will be in a better position to give his views on this.
But any trend following method is showing uptrend as of now.
kio fadya nahi ha bolna ka... on tv everybody keeps on shouting that stoploss use karo but i have seen people asking questions after losing 90 percent of their stock value that what should they do now....