Nifty Futures Trading

[GokaSingh]

The fall is not supported with volume so is this a trap to create panic and buy at low as week is ending.

Or somebody want to have a relax weekend and booking profit ?

 

[rajuwaste]

The fall is not supported with volume so is this a trap to create panic and buy at low as week is ending.

Or somebody want to have a relax weekend and booking profit ?

Last one hour candle is the highest volume candle in the near future.

 

[MurAtt]

The fall is not supported with volume so is this a trap to create panic and buy at low as week is ending.

Or somebody want to have a relax weekend and booking profit ?

Yes vols are low, Puts are NOT being squared off nor are Calls being written more furiously.

Looks like a bear trap OR are we just writing down what WE want ourselves to believe?

 

[skee_kd]

dear murtuzaji,
i am a fan of your anaalyzing charts in simple way i follow them...
todays charts sirji if u see there was double top at 3488 level which brought it to 3460 levels then again triple tops at 3468-72 levels that too deep one n time consuming so i assume that brought the selloff ...

kindly put in your words in my analysis

 

[rajuwaste]

Nifty futues today's 3'o clock(one hour) candle's volume is 13,539,950 is the highest volume candle in this rally from 2525 the next highest volume candle is yesterday's 3'o clock(one hour) candle 10,933,950.

:thumb:

 

[MurAtt]

Since I'm on Yahoo charts, there are no options for Vol. WIll have to see that after EOD.

 

[GokaSingh]

Nifty futues today's 3'o clock(one hour) candle's volume is 13,539,950 is the highest volume candle in this rally from 2525 the next highest volume candle is yesterday's 3'o clock(one hour) candle 10,933,950.

:thumb:

Thank you ...

I was checking volume for BHEL, INFOSYSTC,SBIN,BHARTIART,NTPC,ONGC, RELIANCE which were at 50+ points b4 drop started ...


Just checked at NSE, are these the fresh longs or shorts ?

 

[MurAtt]

I think it goes like this :
1. OI diminishing with Price moving up - Sq off of Short or Short Covering
2. OI diminishing with Price moving down - Sq off of Longs or Profit Booking
3. OI increasing with Price moving up - Fresh Longs created
4. OI increasing with Price moving down- Fresh Shorts being created

If I am wrong, pls do rectify ...

 

[GokaSingh]

Since I'm on Yahoo charts, there are no options for Vol. WIll have to see that after EOD.

I am using this excel for checking on volume.

http://www.traderji.com/futures/28035-macro-data-nifty-traders-2.html#post300183

 

[praveen taneja]

Yes vols are low, Puts are NOT being squared off nor are Calls being written more furiously.

Looks like a bear trap OR are we just writing down what WE want ourselves to believe?

There is a latest scientific discovery that
*...a baby smiles 400 times a day and
*...adolescent smiles only 17 times a day.
*...But an adult (Trader )does not smile at all.