Nifty Futures Trading

[TrendPlayer]

boring day that too first trading day of 2009!

 

[Sunil]

boring day that too first trading day of 2009!

happens EVERY YEAR

 

[coolboy007]

happens EVERY YEAR

Gm sunil sir ,

Seeing Slow nifty movements today , it seems today people like my dad are buying selling which happens once in a month Is Europe open today???
I feel we may again get PROFIT booking today in later half. A red close could come.

 

[TrendPlayer]

Gm sunil sir ,

Seeing Slow nifty movements today , it seems today people like my dad are buying selling which happens once in a month Is Europe open today???
I feel we may again get PROFIT booking today in later half. A red close could come.

CoolBoy: Europe is closed...u looks an expert of this market shall wait for closing

 

[coolboy007]

CoolBoy: Europe is closed...u looks an expert of this market shall wait for closing

Stick out tongue

Hmm , am no expert but Resistance at 2995-3015 is posing as big congestion zone. My Heart says we may get profit booking but Heart these days is somewhere else thanks to sunil sir for posting pictorial posts

 

[Sunil]

Gm sunil sir ,

Seeing Slow nifty movements today , it seems today people like my dad are buying selling which happens once in a month Is Europe open today???
I feel we may again get PROFIT booking today in later half. A red close could come.

Hi coolboy,
your new year gift was on TV for nearly 30min on TV today..

Indian stock market is the ONLY stock market which is open NOW for trading...
CHina & Japan have ended their day as per time
HongKong & Singapore (and thus SGX nifty) were closed for trading
EU & US have holiday today...

After all, this is THEIR new year.. (as per English calender)
even we remain close during Hindu new year in diwali,
also closed during Gudi Padwa (Maharashtrian's New year)


(seems like i have all the time in the world today)

 

[SriVijay]

hi sunil, happy new year... u long on nifty? or waiting for bo ?
nifty pcr is still stuck on 1.17 which making quite interesting ... there is still call writing happening at 3000...as of nw 36 lk o.i at 3000 ce

Alex ...my understanding on above.....writer must have a buyer....and vice versa....it there is high open interest in 3000 ce means more people wish nifty to move up above 3000 ( buyers)....and so same much people decides nifty will not move above 3000 ( writers).....there is balance.....

pcr is 1.17 means more puts written than calls.....or more puts bought than calls.......

Once u said writers are stout big fellows and buyers are small investors and traders........ So according to my understanding ....when there is huge open interest in particular strike price ....big fellows ( having more knowledge about the direction of markets) emerge as writers and small traders as buyers.
In 80 % cases big fellows win and the other siders loss.

Alex whether i am right in understanding .... kindly guide...also give me links or name of books for better understanding pcr and open interest and interpretate it ....thanks in advance

Regards
Vijayakumar

Ps: how to change my user name with traderji...

 

[knarendra]

wISH YOU HAPPY NEW YEAR -2009

 

[TrendPlayer]

H&S on 5 min NF neckline 2987?

 

[TrendPlayer]

Sunil: Can you pls share the latest market break time (it closes and reopens) for Hangsang/ Nikkie?