General Trading Chat

[travi]

what exactly is this discount, and compared to spot or fut levels ? Is there an example / screenshot that you can share .. ?

You can't compare with Futures bcos there are no weekly futures contracts.

Only synthetic futures can be derived.

So when he says CE is in discount, it means strike+CE premium-PE prem is less than spot value.

 

[travi]

If I understood you correctly, today EOD is also similar scenario? NS is bar #8 bull, and BN is still bearish - not sure if the count is 2 or 1. Please correct me if I am wrong

Will take a look at count after downloading nse close prices

 

[timepass]

what exactly is this discount, and compared to spot or fut levels ? Is there an example / screenshot that you can share .. ?

Will post it with a screenshot the next time. These days I am using Shoonya, and the snap quote is not the best one. Will take a screenshot in Nest and post.

 

[travi]

If I understood you correctly, today EOD is also similar scenario? NS is bar #8 bull, and BN is still bearish - not sure if the count is 2 or 1. Please correct me if I am wrong

NS bar#8, tomo for bull trend to stay intact we should close above 21854

BN is bearish bar#2 today, it can flip to bull above 45970 tomo, bcos it isn't far from today's closing

 

[hardik0007]

same
View attachment 50343

Holding VPL Trendline for 5th time

 

[travi]

very volatile MPC, i was hoping bullish. this is bull killer drop

 

[PreSap]

11th day of red-green alternating pattern in nifty daily

Most of the day is still left, but seems this pattern will be broken today

 

[travi]

Most of the day is still left, but seems this pattern will be broken today

not just pattern, today was NS bar #9 possibility day.

 

[PreSap]

not just pattern, today was NS bar #9 possibility day.

For the uninitiated (me), could you explain the significance of this, please?

Is that Buy signal on Nifty was almost about to be confirmed, but now will be cancelled if it closes below the close 4 days back?

 

[travi]

For the uninitiated (me), could you explain the significance of this, please?

Is that Buy signal on Nifty was almost about to be confirmed, but now will be cancelled if it closes below the close 4 days back?

read the TD thread.
https://www.traderji.com/community/threads/tom-de-mark-sequential-monitor-for-nifty50-stocks.103836/

but in short, usually, a completed TD setup indicates trend will become stronger in that direction. Bearish close today negates everything, hardwork work of last 8 days