Nifty Futures Trading

[new2sm]

the right shoulder is higher than left. so not H&S

 

[new2sm]

Stopped out....

due to conviction in mkt direction I hadn't put SL. It paid off

 

[new2sm]

interesting day today. mkt has been around pivots only. not touching either Support or Resistance. Could it indicate change in trend. seniors comment.

 

[columbus]

It seems 4485 on top ,4425 at bottom acting as barriers.............

 

[orderflow13]

4423 turn out, to be perfet support, as it was 50 % retracement of yesterdays rally, market is looking for 4650 now, nice base formed today, 10 year bond yield also falling, indicating inflation is lower ,

 

[orderflow13]

the right shoulder is higher than left. so not H&S

ideally h n s is like what u saying, but in bull market u wil see those set up, its cal;led moving head and shoulders, since its distribution pattern, thats why neck can only confirm whether there is distribution or not,

 

[orderflow13]

open interest of nifty option 4300 put is 47 lakh, and 4200 put 48 lakh, abnormally higher open interest and it maintained that vol since week , highest put writtens means smart money is still long on nifty

 

[praveen taneja]

open interest of nifty option 4300 put is 47 lakh, and 4200 put 48 lakh, abnormally higher open interest and it maintained that vol since week , highest put writtens means smart money is still long on nifty

sir can u make it more clear pls n how u know this

 

[renu daga]

selling of put,,,,means bullish

renu

 

[sikandar]

4300 and 4200 put writers roughly expecting support around 4250 may be stop loss for their longs.