Nifty Futures Trading

[rajuwaste]

have a feeling market may surprise all 90% feel breakover on TOP
Tip of the Day: Always keep ur wife's pic in mobile,U know y? Wenever u face any problem just see that pic & say If I can handle dis I can do anything

Happy April Bull Day

:rofl: :rofl: :rofl:

 

[MurAtt]

have a feeling market may surprise all 90% feel breakover on TOP
Tip of the Day: Always keep ur wife's pic in mobile,U know y? Wenever u face any problem just see that pic & say If I can handle dis I can do anything:rofl:

Its not just a feeling but because markets are not able to move downwards.
Everytime it moves down, a similar and fast rally moves it back to where it was.

Also the OI in puts n calls was suggesting an upward bias y'day (I hv not checked where it stands today, will do so and post too).

But then again, mkts have their own mind and create their own pathm lets see where we reach tomorrow...

 

[MurAtt]

Checked out NSE Option status. Here's what we see :-

So, 3200 Calls are the max OI and 2700, 2800 n 2900 have shedded considerably.
Puts, 2700 Put at Max OI but see 2900 gaining max today.

So where does this take us ... we're gonna fly ....

And as one of my favs always says - and I could be wrong

 

[praveen taneja]

Checked out NSE Option status. Here's what we see :-

So, 3200 Calls are the max OI and 2700, 2800 n 2900 have shedded considerably.
Puts, 2700 Put at Max OI but see 2900 gaining max today.

So where does this take us ... we're gonna fly ....

And as one of my favs always says - and I could be wrong

This mkt is less of TA and charts and more of trading psychology hehehe
It make u think what it want u to think

 

[MurAtt]

Dear PT,

Yes I agree to the psychology part.
I too was wanting the mkt to fall but not falling, I had bot put at 3150 levels when it was not able to cross at least 2-3 times but this is what is showing right now -

As I said, I cud be wrong and I have SL for my Put which is in minor loss as of now.
Lets see tomorrow what happens ....

Murtaza

 

[praveen taneja]

Dear PT,

Yes I agree to the psychology part.
I too was wanting the mkt to fall but not falling, I had bot put at 3150 levels when it was not able to cross at least 2-3 times but this is what is showing right now -

As I said, I cud be wrong and I have SL for my Put which is in minor loss as of now.
Lets see tomorrow what happens ....

Murtaza

Bro u know better then me but I never eat half baked meal
means never take 3150-3050-3250 options as they are illiquid and at time of emergency u will find less buyer telling u by my experience no TA in it

 

[ashes]

Checked out NSE Option status. Here's what we see :-


So, 3200 Calls are the max OI and 2700, 2800 n 2900 have shedded considerably.
Puts, 2700 Put at Max OI but see 2900 gaining max today.

So where does this take us ... we're gonna fly ....



And as one of my favs always says - and I could be wrong

its simply means 2700 and 3200 will never come in next 2-5 days and market will trade in 2900 and 3000 zone for couple of more days

 

[praveen taneja]

its simply means 2700 and 2900 will never come in next 2-5 days and market will trade in 2900 and 3000 zone for couple of more days

It is also possible that people who had sold options at higher level now covering it n OI going down
Its human tendency we see everything according to our trade in hand:clap:
I am short on 2700 call from 375 and taken 3200 call may

 

[rag_bh]

I am short on 2700 call from 375 and taken 3200 call may

Praveen,
I didn't get, I am short on 2700 call from 375
Did you sell 2700 call?

 

[dhinakar113]

It is also possible that people who had sold options at higher level now covering it n OI going down
Its human tendency we see everything according to our trade in hand:clap:
I am short on 2700 call from 375 and taken 3200 call may

Hi Praveen,

Silently watching your options trades. Well done. I should also learn and pick up from you. Any specific reason to take 3200 Call in May? I think the liquidity aspect not that good. Pl enlighten.

Regards,