Nifty: Daily Price Analysis

[laxsri]

Hi Rajputz,

As we see from this attached image (http://img227.imageshack.us/img227/1594/nifty31may.jpg), volumes have been rising with price for 26, 27 & 28 of May, Only on Friday and Monday, the volumes and the price range is reduced (I am comparing this relatively to the previous day, am not sure if this is the right way to do so).

Please guide and suggest.

 

[rajputz]

Hi Rajputz,

As we see from this attached image (http://img227.imageshack.us/img227/1594/nifty31may.jpg), volumes have been rising with price for 26, 27 & 28 of May, Only on Friday and Monday, the volumes and the price range is reduced (I am comparing this relatively to the previous day, am not sure if this is the right way to do so).

Please guide and suggest.

There are some contradiction with the data i think. I am posting the nifty futures chart below: -

You can clearly see that volume was high on 25th may, After that on 26th it has decreased, and till yesterday it is decreasing. On 27th we had a wide range, but still volume was less.

 

[laxsri]

Thanks Rajputz, My data may not be correct, I collected it from www.nseguide.com. Can you please suggest any site to collect data from and also a suggestive low cost real time data feed for Amibroker.

Thanks in advance/

 

[rajputz]

Thanks Rajputz, My data may not be correct, I collected it from www.nseguide.com. Can you please suggest any site to collect data from and also a suggestive low cost real time data feed for Amibroker.

Thanks in advance/

try investbulls.com. you cam download everydays intraday data after registering in download center. Import that data to amibroker. you might have to create a investbulls format file for importing the data.
For Real time i use True Data India, basic 546 pm plan.

 

[rajputz]

Sorry for the offtopic discussion here in thread....

 

[linkon7]

Thanks for the info in discount on NF... i was a bit puzzled with this...

Just observe the premium.. 4800 put which is almost 300 points away from the spot is trading roughly at the same premium as 5200 call, which is just 100 points away...

now what can be the rationale behind that...i wonder...

Linkon

The correlation of the option premium prices is with the NF not the spot (given by the put-call parity equation: Future - Strike Price = Call premium-put premium). So the prices are 150 and 250 points away from NF. Still the puts are expensive but not so expensive as in your equation.

check 4800 put and 5200 call...

 

[trader.trends]

check 4800 put and 5200 call...

What I meant was the strike prices were 150 and 250 pts away from NF instead of the 100 and 300 that you had taken from spot.

 

[MaxX]

check 4800 put and 5200 call...

Its because option buyers are willing to pay higher prices for downside protection than playing the upside .. this is happening consistently from the past few months atleast.. puts being valued higher than calls at the same distance from price due to fear of major downmove in market.. becomes more obvious the further up the price range you go.

 

[SwingKing]

Nifty Price Analysis 1st June 2010

Market's turned completely red today with couple of heavy weights falling in the Index. Volume was high today as compared to yesterday. I had mentioned about markets being relatively stable this week, but it seems that view is surely going to change if Europe and U.S. continue their trading session deep in the red.

What should start bothering most of the traders is the fact that on broader frame, the technicals of markets are beginning to really weaken. Though we are still relatively safe, but signs are emerging for a deep crack/cut in the broader markets. Let's see with time if these signals get confirmed.

If one studies the volatility charts of global markets, then we can see that signs are emerging of volatility to start picking up some significant steam. Furthermore, there is some significant buying happening in the bond market (at least) in the U.S. This is never a good sign for equities going ahead. If we see, U.S. and other indices still have room for another 10% correction from these levels, and who knows at what level things will eventually stabilize.

Our broader term channel which we have been tracking for a long time, remains a crucial support. If this gets taken out, then levels of 4200-4400 will totally be on the cards. The uncertainties still prevail in the system and I feel we are atleast going to see sub 4600 levels. In a way, I'd be happy to see these levels as they would then signify a healthy market on a broader note.

Let's see how things move forward.

P.S. - For June 2nd and sessions going forward, band of 5000-5040 poses very strong resistance.

Tc

 

[pegasus]

Nifty Price Analysis 1st June 2010

Market's turned completely red today with couple of heavy weights falling in the Index. Volume was high today as compared to yesterday. I had mentioned about markets being relatively stable this week, but it seems that view is surely going to change if Europe and U.S. continue their trading session deep in the red.

What should start bothering most of the traders is the fact that on broader frame, the technicals of markets are beginning to really weaken. Though we are still relatively safe, but signs are emerging for a deep crack/cut in the broader markets. Let's see with time if these signals get confirmed.

If one studies the volatility charts of global markets, then we can see that signs are emerging of volatility to start picking up some significant steam. Furthermore, there is some significant buying happening in the bond market (at least) in the U.S. This is never a good sign for equities going ahead. If we see, U.S. and other indices still have room for another 10% correction from these levels, and who knows at what level things will eventually stabilize.

Our broader term channel which we have been tracking for a long time, remains a crucial support. If this gets taken out, then levels of 4200-4400 will totally be on the cards. The uncertainties still prevail in the system and I feel we are atleast going to see sub 4600 levels. In a way, I'd be happy to see these levels as they would then signify a healthy market on a broader note.

Let's see how things move forward.

Tc

Finally raunakji I totally agree,It looks certain that markets are not so happy as of now...people who are praying to rain gods for a good monsoon consider that monsoon will drive the markets forward...whats your opinion in this regard. All I feel is that with so many dark clouds around the world, why should we keep our trust in monsoons which many a time have failed us...hey some problems with the chart they are not loading fully on my computer please check.....