General Trading Chat

[ap*]

Which tool you are using for these order flow charts???

Market Balance through truedata. Its a trial version and id suggest anyone with Nt7 or nt8 take the free trial.

 

[Raj232]

can you share more on this please

i dont understand these charts at all

Tomorrow (Thursday) more down probably ready to take SBI ... UP ..UP... UP.. (probably) on Friday or Monday
Whenever the charts are confusing there could be an underlying reason.

 

[Raj232]

I feel Below is the probable scenario for the market to proceed.200 point movement on upside is visible now.This is just my view. I could be wrong as well. I am just trying to reduce the probability of being wrong
View attachment 23297

Looks like 25200 and 25300 PUTS and CALLS have been hammered badly today.
Probably 25300 PE might give a good return tomorrow.

Today SBI, ICICI, HDFC, YesBank all down by more than 1%. Only Axis Bank was up by 3.9%

Any update to your chart/view ?

 

[john302928]

Looks like 25200 and 25300 PUTS and CALLS have been hammered badly today.
Probably 25300 PE might give a good return tomorrow.

Today SBI, ICICI, HDFC, YesBank all down by more than 1%. Only Axis Bank was up by 3.9%

Any update to your chart/view ?

Black marked Minuette waves are scenario-2 whereas rest of the markings are scenario-1. So far there is no reversal signal yet. so we should not neglect probabilities for further extensions. But i feel it might take either one of the mentioned scenarios. If necessary labels might be changed but structure is frozen.We might get some clue about the reversal tomorrow morning probably in the first 2 hours of trading. Huge fresh shorts are built up @ 24900PE and 25500CE. and there is huge short built up @ 25000PE. So expiring below 25000 or above 25500 may not be possible.Breaching these 2 levels will be a huge task. So there is a huge probability for all OTM from these 2 strike prices to expire worthless.Currently Max pain is @ 25300. Hope you are aware of Max pain. It conveys that CE longs above 25300 and PE longs below 25300 have chances of expiring worthless.
But if we can closely watch and spot the reversal then we can nail one multibagger tomorrow.

And if it takes red abc after the reversal then next week will be fun to watch as it might head towards 24800 because ED completion on 6th Nov.Thats the minimum target for ED if it was ED. we will get more insights as wave proceeds.

 

[timepass]

Banknifty spot 15ema is around 25060, maybe touched tomorrow, and then a bounceback is likely, because the major trend is up.

 

[vivektrader]

Banknifty spot 15ema is around 25060, maybe touched tomorrow, and then a bounceback is likely, because the major trend is up.

25000 will most likely be tested tomorrow.

 

[simplebuthard]

25000 will most likely be tested tomorrow.

even open can be there.

 

[okabira]

Looks like 25200 and 25300 PUTS and CALLS have been hammered badly today.
Probably 25300 PE might give a good return tomorrow.

Today SBI, ICICI, HDFC, YesBank all down by more than 1%. Only Axis Bank was up by 3.9%

Any update to your chart/view ?

Any update to your chart/view ? ,,

yes ,, swinging from 470 ...
1 week high is 545 .. todays close is 544.20 ...
if tommorrow goes above 545 then balle balle ...
too many people bought at 520 .. if it tests and breaks down .. then these buyers will run for cover and push axis more down below 520 .

ps i will exit at 520 or 518 .

 

[Raj232]

Black marked Minuette waves are scenario-2 whereas rest of the markings are scenario-1. So far there is no reversal signal yet. so we should not neglect probabilities for further extensions. But i feel it might take either one of the mentioned scenarios. If necessary labels might be changed but structure is frozen.We might get some clue about the reversal tomorrow morning probably in the first 2 hours of trading. Huge fresh shorts are built up @ 24900PE and 25500CE. and there is huge short built up @ 25000PE. So expiring below 25000 or above 25500 may not be possible.Breaching these 2 levels will be a huge task. So there is a huge probability for all OTM from these 2 strike prices to expire worthless.Currently Max pain is @ 25300. Hope you are aware of Max pain. It conveys that CE longs above 25300 and PE longs below 25300 have chances of expiring worthless.
But if we can closely watch and spot the reversal then we can nail one multibagger tomorrow.

And if it takes red abc after the reversal then next week will be fun to watch as it might head towards 24800 because ED completion on 6th Nov.Thats the minimum target for ED if it was ED. we will get more insights as wave proceeds.

View attachment 23315

Most share advisory companies are suggesting to buy 25200 PUTS and 25300 PUTS tomorrow as a free multibagger tip. Not sure but will need to wait and watch .

 

[john302928]

HINDPETRO could become a multibagger this month in options 460CE,480CE atleast 3X+. Lets see how it unfolds