General Trading Chat

[timepass]

Mysore Petro : Does this look like H&S ?

 

[tradermodified]

Mysore Petro : Does this look like H&S ?

View attachment 51494

IMO, not an H&S in real sense.

 

[Nish]

Apparently that won't be much. Banknifty goes to 30 from 15, and nifty goes to (?)75.

I think a lot of recalculation will be needed for the MONTHLY factor. Banknifty, the near par option used to be about Rs. 400, now that may go up to Rs. 1400. Deciding the strike will become difficult.

Traders would consider , as though they are trading 2 lots at a time and for N 3 lots at a time !
Only premiums may be costly .

The very purpose of protecting small traders from loss will be defeated , as tarders would risk to take far away options !

 

[Nish]

N may be going up towads 24950 plus ???

Just a thought !

 

[Nish]

Mysore Petro : Does this look like H&S ?

View attachment 51494

Better to avoid such in-decisive stocks - unless some solid news in pipiline , I guess !

 

[tradermodified]

BN

did an high of 52577 and fell.

now if fails to cross and stay above 52300,
then may fall to 51500/51000 or even to 50500

but for bullish trend must cross and stay above 52600

ltp 51942

 

[Nish]

N may be going up towads 24950 plus ???

Just a thought !

As expected N bounced back from lower lvls !

25k CE 31 Oct zoomed from days low 100 to 150 + !

Plain 1200 per lot !


If 24680 is protected , then should bullish sentiments continue ???
But beware on daily chart , N is in negative zone !

Not a reco, just a thought !

 

[timepass]

@travi what's DeMark's interpretation of Nifty and Banknifty now ?