NIFTY 50 future TRENDS

[timepass]

what a sharp up move in FTSE ? why ?

Maybe this news :

EU calls for banking union, direct recapitalization of banks

 

[darshanshukla]

Very true Manoharbhai
we must follow OI changes (increase or decrease) to signify the bull/bear/rollover or such a things
all books and practical application says that never predict only on volume always use OI data along with for good prediction
Tell me if I'm wrong
Darshan

Selling on the basis of outstanding open order position(High volume in less points) either Long or short covered at.... for rollover purpose this sort of volume based selling at fag end of expiry is common

 

[darshanshukla]

as referring OI chain data this is the possibility I presume TP

and the other one will be zero.

 

[stock72]

as referring OI chain data this is the possibility I presume TP

:clapping::clapping::clapping::clapping::clapping:

 

[timepass]

as referring OI chain data this is the possibility I presume TP

If it closes above 4900, then 4900PE will be zero, if it closes below 4900 then 4900CE will be zero.

 

[manoharpillai]

H&S formation in 15 min TF..
Can not relate with volume as I am using free data feed.
My target of spot is 4907-4870 .
Manohar Sir pl correct me if I am wrong.
Thanks.



No doubt Nifty heading down after testing R3-5016 as per weekly posted before Pivot at 4894 i think this down move could take it there


R3-5016 R2-4984 R1-4939

PIVOT-4893 ….S1-4862
Tomorrow being expiry day i expect range of 4984-4894

 

[darshanshukla]

That I know my dear gujjubhai
and I am trading this strategy since 1yr by selling them and eating premium
that will be zero I want to say that and for evidence
just look at June Nifty OI Data chain..........
you will get my point
Darshan

If it closes above 4900, then 4900PE will be zero, if it closes below 4900 then 4900CE will be zero.

 

[vikrit]

That I know my dear gujjubhai
and I am trading this strategy since 1yr by selling them and eating premium
that will be zero I want to say that and for evidence
just look at June Nifty OI Data chain..........
you will get my point
Darshan

what is 'OI Data chain'? do you mean Options OI Data?

 

[sanjosedesi]

Not Nifty, but looking at world markets ... Wow, US markets are getting a good hammering. If they were down a little bit, I would say India will have its own trend. But with US down almost 1.5% ... it has to show up here.

Night is still young, but ... gap down in 12 hours ... and then expiry led feeble recovery?

 

[manoharpillai]

Spot nifty intraday levels
4967.76 4985.40 5003.06 5020.75 5038.48
4952>up
4935>down
4919.97 4902.45 4884.96 4867.50 4850.06
sustained trade below 4930 spot could test s3-4884
sharp bounce from lower levels expected
TL support at 4850