8700 call chart
algo manipulation in the market
all you guys please read .............must read
guys sorry but todays nifty future spike of around 40 points making high of 8680 seems to me due to my stupidity , its funny as well as very very discouraging and concerning , i had 3800 qty of 8700 calls sold yesterday and i dont know why but i wanted to cover it in the morning as i thought market may start with a bang and go higher much higher , so i put 8700 call buy price at 40 rs as i didnt want to keep changing price if order is missed , for me i put it like a market order price , ....................now 8700 call opened at 13 rs around and i was surprised and confused , so in next 17 seconds when it was still quoting 13-14 rs i put my buy order , and guess what , buy came at 19 rs around last price of mine was even 19.45 rs and high made is 19.90 only , so its entirely possible that it was all due to my order punching in morning during low liquidity time , so i strongly believe ............algos seen my order of 40 rs buy , it also sliked price for my worst price buy at 19 , and due to all this activity all calls 8600 , 8700, 8800 plus nifty future spiked for 1-2 seconds making those 1st candle spikes .future spiked till 8682
algos are very cruel and fast and today is a great example imho.........................i might be wrong but i think i am probably not .
please share your views