NIFTY 50 future TRENDS-Part 2

[SEVEN STAR]

6040 breached, is 6180 still on the run

i doubt 6180..if 6040 taken out..

 

[javedk]

i doubt 6180..if 6040 taken out..

hope there are no signs of trend reversal, do you expect the market to start +ve tomorrow is it stays above 6034

 

[SEVEN STAR]

hope there are no signs of trend reversal, do you expect the market to start +ve tomorrow is it stays above 6034

I am not sure what is your trading position assuming you are long in anticipation..target of 6180........
as a trader i entered long around 6015..levels and exited at high 6120 ..still holding some Feb.. long position..all NF.....just to protect my long nf...i just bought 5900 pe at 29..today..
even there is correction ..below 6040.. (FEB..fut..6065)..5950/5920..great support........till budget........swing for Feb....5920.......6320...

 

[bigbullinside]

hope there are no signs of trend reversal, do you expect the market to start +ve tomorrow is it stays above 6034

Well, the index as well as reliance are at its support levels. 5940-6000 for nifty and 880-890 for reliance.
Both of them need to close below those levels for a reversal.
Both of these levels were major breakout levels.
And I think this is just a retest of the breakout level.
But that is just my opinion.
Cheers.

 

[essem]

From morning itself big players writing 6100 CE & 6000 PE heavily. (morethan 50-60 lakhs contracts) and holding the market till expiry...not easy to break their chain today.

 

[SEVEN STAR]

From morning itself big players writing 6100 CE & 6000 PE heavily. (morethan 50-60 lakhs contracts) and holding the market till expiry...not easy to break their chain today.

essem..where do u see market end today.......
my chart tells me once 6040 (which is..)convincingly broken 6024..6005 is on...

 

[essem]

essem..where do u see market end today.......
my chart tells me once 6040 (which is..)convincingly broken 6024..6005 is on...

as per OI shows 6020-6040 Index expiry... a flat expiry. they would have made huge income by writing ce/put today.

 

[essem]

Dear SEVEN STAR any idea for upcoming trend? here is what i am getting from OI

see average PUT holding Level 50% higher(figures are averaged by calculating OTM Calls/Puts changes) which shows the sentiment of the traders are very bearish and most of them holding puts.

 

[bigbullinside]

Dear SEVEN STAR any idea for upcoming trend? here is what i am getting from OI

see average PUT holding Level 50% higher(figures are averaged by calculating OTM Calls/Puts changes) which shows the sentiment of the traders are very bearish and most of them holding puts.

Another way to interpret that would be to think that most of the times option writers win the trading game.
So since most of them are holding puts that means that they have shorted the puts and they expect the premium to decrease.
Ergo, market will go further up.
Cheers.

 

[SEVEN STAR]

feb..nf closing rate..6067.
Levels given belove are for the month of feb..series
top res..6120..6187..6225..
sup..6014..5945..5909...........i will keep up date as per these levels..
On daily basis......
will re-set the levels either of top and lower levels are get broken