Nifty Futures Weekly And Intraday Analysis Trend Report

[sanamtrade]

Shukriya, sir jee

HARI OM DEAR SANAMTRADE :thumb:


DONT GET MISUNDERSTOOD, NOBODY IS SCOLDING YOU.



WE HAVE PEACE AT THIS THREAD. SHREE RAM.


WE ALL ARE A FAMILY AT THIS THREAD.


TECHNICAL ANALYSIS IS A VAST CONCEPT & IT CAN SHOW YOU WHERE THE PITFALLS ARE AHEAD OF YOU.


YOU CANT REASON WHY SUCH A THING DID NOT HAPPEN?????


MARKET WORKS ON MILLIONS OF MINDS AND THE BAAP OF THE MARKET ARE THE FIIS & THE BIG MARKET PLAYERS.


"""""YOUR LOSS IS THEIR PROFIT, ALWAYS REMEMBER THAT""""""


ALONE RIL DRAGS THE MARKET INTO GOOD AND BAD ZONES.


NIFTY LOOKS BULLISH FOR THE NEXT DAY. BUT A SELL OFF FROM THE BIGGIES SPOILS THE ENTIRE IMAGE.


NOBODY IN THE MARKET CAN TELL YOU WHEN THE MARKET WILL FALL OR RISE.


SOME BIG ANALYSTS ON CNBC TV18 WERE SHOUTING THAT SENSEX WILL HIT 25000 & NIFTY WILL HIT 7000.


WHAT HAPPENED????


MARKET COULD NOT SUSTAIN ABOVE 21207 & 6357.


ITS ALL IN THE GAME.


WE SHOULD AT LEAST KNOW WHATS AHEAD OF US AND THEN AND ONLY THEN WE CAN SURVIVE IN THE LONG RUN OF THIS STOCK MARKET.


GANPATI BAPPA MORYA


HARI OM


REGARDS,
NISHIKANT K. HADGE

Sirjee,
Thank you for sparing your valuable time for replying.I think our discussion should center around market, like your post, not around individuals.if i am wrong , please pardon me.
Now what I am going to share is just an thought , may be right or wrong.
Market works in an grey area, where probability rules.And tech analysis is derived from the only source that is price and to some extent volume.....altough technical analysis is an vast area, but it is only based on few simple tenets, as elaborated by edward and magee.All those fancy indicators or oscillators or channles etc are derived from the basic source of price and volume.How come in 1900 - 1920- 1930, people like livermoore made fortune without the fancy software, it was only by mastering the tape.
By the way i am contradicting any body's opinion, they are right as long as they make money with them.Big players like FIIs and DIIs do sway market, and we have to piggy back on them, in order to make money.Yes nobody can make predictions about market, as you said rightly sir, but we can assess the most probable outcome, and trade what we see, not what we think.......regards, thank you all for sparing their valuable time to read such a long post.......sorry next time i will keep it short and simple......
Jai Matadi

 

[Nishikant]

Back With A Bang

Subsequent to my post as above, I thought of google it my self and found some good piece of information as below...

What is Open Interest
Open Interest is the total number of outstanding contracts that are held by market participants at the end of the day.

It can also be defined as the total number of futures contracts or option contracts that have not yet been exercised (squared off), expired, or fulfilled by delivery.

Open interest applies primarily to the futures market. Open interest, or the total number of open contracts on a security, is often used to confirm trends and trend reversals for futures and options contracts.

Open interest measures the flow of money into the futures market. For each seller of a futures contract there must be a buyer of that contract. Thus a seller and a buyer combine to create only one contract.

Therefore, to determine the total open interest for any given market we need only to know the totals from one side or the other, buyers or sellers, not the sum of both.

The open interest position that is reported each day represents the increase or decrease in the number of contracts for that day, and it is shown as a positive or negative number.

How to calculate Open Interest

Each trade completed on the exchange has an impact upon the level of open interest for that day.

For example, if both parties to the trade are initiating a new position ( one new buyer and one new seller), open interest will increase by one contract.

If both traders are closing an existing or old position ( one old buyer and one old seller) open interest will decline by one contract.

The third and final possibility is one old trader passing off his position to a new trader ( one old buyer sells to one new buyer). In this case the open interest will not change.

Benefits of monitoring open interest

By monitoring the changes in the open interest figures at the end of each trading day, some conclusions about the days activity can be drawn.

Increasing open interest means that new money is flowing into the marketplace. The result will be that the present trend ( up, down or sideways) will continue.

Declining open interest means that the market is liquidating and implies that the prevailing price trend is coming to an end. A knowledge of open interest can prove useful toward the end of major market moves.

A leveling off of open interest following a sustained price advance is often an early warning of the end to an uptrending or bull market.

Open Interest - A confirming indicator

An increase in open interest along with an increase in price is said to confirm an upward trend. Similarly, an increase in open interest along with a decrease in price confirms a downward trend. An increase or decrease in prices while open interest remains flat or declining may indicate a possible trend reversal.

The relationship between the prevailing price trend and open interest can be summarized by the following table.





Cheers,

Heems

HARI OM DEAR HEEMZ BHAI :thumb:


LONG TIME NO SEE.


THANK YOU FOR SHARING THIS VALUABLE INFORMATION WITH ALL OF US.


SOMEBODY WAS SAYING THAT THIS THREAD IS NOT EDUCATIONAL


YOU ARE BACK WITH A BANG.


HAVE A GREAT WEEKEND.


GANPATI BAPPA MORYA


HARI OM


REGARDS,
NISHIKANT K. HADGE

 

[linkon7]

Murtaza Bhai:

Sorry to come back on this again... I have a query...

You mentioned that if OI for 4300 Calls increases then we move down else inverse...
If we look at the explanation as per below table - if there is a rise in OI and rise in price... The market is strong but you mentioned that if OI increases for 4300 we move down...

I am confused.. Please guide... I guess I am goofing up some where...

Cheers,

Heems

OI in NIfty Futures and OI in options are interpreted differently. You have explained Nifty Futures OI beautifully. But the same yard stick cannot be applied to options.

Most options are written as hedge to their portfolio. Say, 4300 call option had the highest OI as on Thursday, that just means that there are plenty of positions in the market that benefit as long as market remains below that level. Once the bulls manage to break that level, there will be plenty of short covering, buying, resizing, reshuffling of portfolios to adjust to the new scenario. This is called short covering which propels the market in one direction since the whole dynamics of the market position has shifted and. You remember on thursday 4295 acted as a huge resistance. But on friday, the whole scenario changed and we ran up like crazy and closed near 4400 levels.

Global sentiments, asian market, SGX nifty, these all factors get discounted within the first 10 to 25 minutes. There after, what matters is the positions the big player have on this market. OI in options in nifty is a good indicator of those positions.

All you have to do is download the derivatives Bhavcopy from NSE website and plot the OI of the options of the liquid stocks that you track and you'll know where the sensitive levels are of that stock. Our only problem here is that options are not liquid in most stocks and hence you have to co-relate your stock to nifty options. For nifty traders, its a gold mine of information.

I request others to shower some light on this topic. thanks in advance....

 

[sanamtrade]

Most options are written as hedge to their portfolio.

I THINK WRITING OPTIONS AND BUYING OPTIONS ARE DIFFERENT, WRITING IS BASICALLY SELLING OPTIONS i.e. NOT SAME AS BUYING.
in buying a call option we make money if price goes up. but the person who has sole/written the option will make money if market remains flat or it goes down , and vice versa with put options.
BIG PLAYER USUALLY SELL OPTIONS AND POSITION THEM SLEVES AT PARTICULAR STRIKE PRICES FROM WHICH THEY WILL GAIN / HEDGE THEIR PORTFOLIO.HIGH OPEN INTEREST AT THOSE LEVELS INDICATE THE MOST PROBABLE LEVELS THE MARKET WILL HIT OR TOUCH IN BETWEEN.
PLEASE CLARIFY IF I AM WRONG IN MY UNDERSTANDING
REGARDS

 

[Nishikant]

System Yet To Be Completed

I have been following nishikant thread for levels for quite some time now and most of the time these levels had and did matched. I sincerely appreciate his efforts by putting those levels and there is no compulsion for anyone to follow those levels.
We as a trader should not follow others, we should follow our own analysis, no news or nothing, These levels provided by nishikant sir, serves as another indicator for our trading system.
Its every traders own wish to teach the mechanism behind his system, if he doesnt want to then let it be. What I think is when this levels can work very well and we all know these are some kind of support and resistance level, then we should try to find out the mechanism by ourself, try to read more and experiment and check with the levels provided by nishikant sir and if it matches then bingo. Later on ask yourself, the mechanism which you got it after such hardwork, are you willing to share with others, most of the time, the answer would be NO and no blaming on that.
If nishikant sir, explains the mechanism over here, I am sure there will be plenty people who will come around and just chop the mechanism in some different ways and eventually he will loose his interest. and this thread will loose its charm.
We have so many traders in this forum and everyone definately has some kind of system which they are working with, do others share their wealth of information, there are only handful of people who come out and do that.
The shortcut road to success is just another road to falling in pit, I guess we as a trader must try to work on the fact that how these levels work most of the time, we should try to find answer for ourself.
Nishikant Sir, please continue your posts, God bless you.

Thanks and regards,
rajendrani

HARI OM DEAR RAJENDRANI SIR :thumb:


I KNOW IF I WASN'T NISHIKANT & IF I WAS A REGULAR VISITOR TO THIS THREAD, THEN I THINK I WOULD ALSO BE CURIOUS ENOUGH TO KNOW THE SOURCE CODE FOR THIS LEVELS THAT I POST.


BELIEVE ME THE SYSTEM THAT I USE FOR DERIVING THIS LEVELS IS ONLY HALF WAY DONE. IT IS INCOMPLETE.



THE BASE OF THE BUILDING IS READY, THE FLOORS ARE TO BE BUILT AND THEN WOULD COME THE TERRACE AT THE TOP.


THERE ARE A LOTS OF LOOPHOLES IN MY OWN SYSTEM FOR DERIVING THIS LEVELS. THEY HAVE TO BE TAKEN CARE OF.


I HAVE TO ATTACH THE "INTRADAY CHART" TO IT. I HAVE TO COMPILE AN ENTIRE PROGRAM TO PUT THIS SYSTEM IN ITS PROPER SHAPE.


ITS LIKE I HAVE "CRUDE OIL" BUT I AM TRYING TO CONVERT IT INTO PETROL, DIESEL ETC ETC.


I AM STILL STUDYING MY SELF MADE SYSTEM AND I AM STILL TRYING TO MAKE A LOTS OF CHANGES IN THAT SYSTEM OR THAT SOFTWARE. IT WOULD TAKE A LONG TIME TO GET THIS ENTIRE SYSTEM 100% COMPLETED.


I AM STILL LEARNING IT AND I AM STILL TRYING TO GRASP IT WITH THE MOVEMENT OF NIFTY. IF I AM STILL LEARNING IT THEN HOW CAN I PUT A SYSTEM ON DISPLAY.


IT WOULD BE LIKE LAUNCHING A NEW CAR IN THE MARKET BUT THAT CAR HAS GOT NO "STEERING WHEEL". THEN HOW WILL PEOPLE DRIVE THE CAR THEN



SO DEAR FRIENDS, KINDLY PARDON ME. I AM NOT SELFISH. I AM STILL BACKTESTING IT. THE RESULTS ARE 90% PERFECT BUT THE SYSTEM IS YET TO BE DEVELOPED COMPLETELY.



"RAJENDRANI SIR" PLEASE DO NOT CALL ME SIR. YOU ARE A SENIOR MEMBER HERE. SO DEAR SIR PLEASE CALL ME NISHIKANT. AND I DO NOT LIKE ANYONE CALLING ME SIR.



PLEASE CALL ME BY MY NAME AND I WILL BE HAPPY AND MORE FRIENDLY WITH EVERYONE.



TAKE CARE ALL & GOD BLESS ALL.



GANPATI BAPPA MORYA



HARI OM



REGARDS,
NISHIKANT K. HADGE

 

[TFL]

Re: System Yet To Be Completed

HARI OM DEAR RAJENDRANI SIR :thumb:


I KNOW IF I WASN'T NISHIKANT & IF I WAS A REGULAR VISITOR TO THIS THREAD, THEN I THINK I WOULD ALSO BE CURIOUS ENOUGH TO KNOW THE SOURCE CODE FOR THIS LEVELS THAT I POST.


BELIEVE ME THE SYSTEM THAT I USE FOR DERIVING THIS LEVELS IS ONLY HALF WAY DONE. IT IS INCOMPLETE.



THE BASE OF THE BUILDING IS READY, THE FLOORS ARE TO BE BUILT AND THEN WOULD COME THE TERRACE AT THE TOP.


THERE ARE A LOTS OF LOOPHOLES IN MY OWN SYSTEM FOR DERIVING THIS LEVELS. THEY HAVE TO BE TAKEN CARE OF.


I HAVE TO ATTACH THE "INTRADAY CHART" TO IT. I HAVE TO COMPILE AN ENTIRE PROGRAM TO PUT THIS SYSTEM IN ITS PROPER SHAPE.


ITS LIKE I HAVE "CRUDE OIL" BUT I AM TRYING TO CONVERT IT INTO PETROL, DIESEL ETC ETC.


I AM STILL STUDYING MY SELF MADE SYSTEM AND I AM STILL TRYING TO MAKE A LOTS OF CHANGES IN THAT SYSTEM OR THAT SOFTWARE. IT WOULD TAKE A LONG TIME TO GET THIS ENTIRE SYSTEM 100% COMPLETED.


I AM STILL LEARNING IT AND I AM STILL TRYING TO GRASP IT WITH THE MOVEMENT OF NIFTY. IF I AM STILL LEARNING IT THEN HOW CAN I PUT A SYSTEM ON DISPLAY.


IT WOULD BE LIKE LAUNCHING A NEW CAR IN THE MARKET BUT THAT CAR HAS GOT NO "STEERING WHEEL". THEN HOW WILL PEOPLE DRIVE THE CAR THEN



SO DEAR FRIENDS, KINDLY PARDON ME. I AM NOT SELFISH. I AM STILL BACKTESTING IT. THE RESULTS ARE 90% PERFECT BUT THE SYSTEM IS YET TO BE DEVELOPED COMPLETELY.



"RAJENDRANI SIR" PLEASE DO NOT CALL ME SIR. YOU ARE A SENIOR MEMBER HERE. SO DEAR SIR PLEASE CALL ME NISHIKANT. AND I DO NOT LIKE ANYONE CALLING ME SIR.



PLEASE CALL ME BY MY NAME AND I WILL BE HAPPY AND MORE FRIENDLY WITH EVERYONE.



TAKE CARE ALL & GOD BLESS ALL.



GANPATI BAPPA MORYA



HARI OM



REGARDS,
NISHIKANT K. HADGE

Great NISHIKANT K. HADGE good to hear that.
Best wishes for your super success in this endeavor.

Hope somebody hear misinterpreted my posts, I put a suggestion here and if you people don't like it then, just leave it.

TFL.

 

[rajendrani]

Re: System Yet To Be Completed

HARI OM DEAR RAJENDRANI SIR :thumb:


I KNOW IF I WASN'T NISHIKANT & IF I WAS A REGULAR VISITOR TO THIS THREAD, THEN I THINK I WOULD ALSO BE CURIOUS ENOUGH TO KNOW THE SOURCE CODE FOR THIS LEVELS THAT I POST.


BELIEVE ME THE SYSTEM THAT I USE FOR DERIVING THIS LEVELS IS ONLY HALF WAY DONE. IT IS INCOMPLETE.



THE BASE OF THE BUILDING IS READY, THE FLOORS ARE TO BE BUILT AND THEN WOULD COME THE TERRACE AT THE TOP.


THERE ARE A LOTS OF LOOPHOLES IN MY OWN SYSTEM FOR DERIVING THIS LEVELS. THEY HAVE TO BE TAKEN CARE OF.


I HAVE TO ATTACH THE "INTRADAY CHART" TO IT. I HAVE TO COMPILE AN ENTIRE PROGRAM TO PUT THIS SYSTEM IN ITS PROPER SHAPE.


ITS LIKE I HAVE "CRUDE OIL" BUT I AM TRYING TO CONVERT IT INTO PETROL, DIESEL ETC ETC.


I AM STILL STUDYING MY SELF MADE SYSTEM AND I AM STILL TRYING TO MAKE A LOTS OF CHANGES IN THAT SYSTEM OR THAT SOFTWARE. IT WOULD TAKE A LONG TIME TO GET THIS ENTIRE SYSTEM 100% COMPLETED.


I AM STILL LEARNING IT AND I AM STILL TRYING TO GRASP IT WITH THE MOVEMENT OF NIFTY. IF I AM STILL LEARNING IT THEN HOW CAN I PUT A SYSTEM ON DISPLAY.


IT WOULD BE LIKE LAUNCHING A NEW CAR IN THE MARKET BUT THAT CAR HAS GOT NO "STEERING WHEEL". THEN HOW WILL PEOPLE DRIVE THE CAR THEN



SO DEAR FRIENDS, KINDLY PARDON ME. I AM NOT SELFISH. I AM STILL BACKTESTING IT. THE RESULTS ARE 90% PERFECT BUT THE SYSTEM IS YET TO BE DEVELOPED COMPLETELY.



"RAJENDRANI SIR" PLEASE DO NOT CALL ME SIR. YOU ARE A SENIOR MEMBER HERE. SO DEAR SIR PLEASE CALL ME NISHIKANT. AND I DO NOT LIKE ANYONE CALLING ME SIR.



PLEASE CALL ME BY MY NAME AND I WILL BE HAPPY AND MORE FRIENDLY WITH EVERYONE.



TAKE CARE ALL & GOD BLESS ALL.



GANPATI BAPPA MORYA



HARI OM



REGARDS,
NISHIKANT K. HADGE

Hari Om Nishikanth ji,
As you dont like some one to call you as sir, so do I, Not a problem will refer you as a friend, brother or just nishikanth ji.
Your half work is giving 90% result i couldnot imagine what it would be when you are able to complete your system. I agree to the point that you are not selfish, because if you were, then you wouldnot be posting these levels too.
Reading all your replies and the post, I am becoming a fan of yours. Like ST sir, sunil and saint sir posts are to be taken seriously and given a thought for as those post have lot of information in it. I think even your posts need to be given a serious thought a lot of information in those pretty levels given by you. You are just amazing and continue to impress the masses of people.

All i can say thank you. God bless you.

Regards,
Rajendra Iyengar

 

[rajendrani]

Re: System Yet To Be Completed

Great NISHIKANT K. HADGE good to hear that.
Best wishes for your super success in this endeavor.

Hope somebody hear misinterpreted my posts, I put a suggestion here and if you people don't like it then, just leave it.

TFL.

hi hari, how are you?
I still miss your charts bro, I wish I could see the old hari back with his charts.

 

[TFL]

Re: System Yet To Be Completed

hi hari, how are you?
I still miss your charts bro, I wish I could see the old hari back with his charts.

Hi rajendrani,

Going good. Now I'm aggressive in studies(Market), when I'm sure, I can share something 'new', will start in a new thread.

Hope you are doing well and best wishes.

TFL.

 

[sibumajumdar]

Re: Discussed Many A Times & Still Happening

HARI OM DEAR TFL :thumb:


WHY DO YOU HAVE LUNCH & DINNER REGULARLY?????

ANSWER ME THAT FIRST?????



1) WHY DO YOU POST LEVELS EVERYDAY & INTRADAY, THAT'S YOUR QUESTION??????


I POST IT FOR ALL THOSE TRADERS WHO WANT TO KNOW THE DIRECTION OF THE MARKET. TRADERS SHOULD BE AWARE OF THE POSSIBLE REVERSAL & BOUNCE BACK REGIONS. AND THAT IS WHY I POST THEM. AND I WILL BE POSTING THIS EVERYDAY. TILL THE FIIS ARE THERE IN OUR STOCK MARKET THIS LEVELS WILL WORK.



2) LEARNING THREAD???? WHO TOLD YOU THAT BUDDY????


WHERE IS IT IT WRITTEN THAT THIS THREAD IS A LEARNING THREAD.

I DO POST SOME EDUCATIONAL STUFF BUT THATS OCCASIONAL.



3) TIPS THREAD???? WHAT DOES THAT MEAN????

ARE YOU PAYING ME OR IS THERE ANY TRADER AT TRADERJI.COM THAT HAS BEEN PAYING ME. SO WHEN YOU ARE NOT PAYING ME THEN HOW COME THIS THREAD HAS BECOME A TIPS THREAD.


LAST BUT NOT THE LEAST. I HAVE TOLD THIS EARLIER & A LOT OF PEOPLE KNOW ABOUT IT. I WISH, NOT TO REVEAL THE MECHANISM BEHIND THE LEVELS THAT I POST.


IF AN INDIVIDUAL WANTS TO FOLLOW MY ANALYSIS, HE OR SHE CAN FOLLOW IT. I AM NOT FORCING ANY ONE TO FOLLOW IT.


IF PEOPLE DO NOT LIKE THE ANALYSIS THAT I POST THEN THEY HAVE THE LIBERTY TO STOP VISITING MY THREAD.


INDIVIDUALS WHO LIKE MY THREAD AND IF THEY ARE BENEFITED BY MY ANALYSIS THEN THEY WILL BE ALWAYS WELCOMED & THEY ARE ALWAYS WELCOMED.



TAKE CARE & HAVE A NICE DAY.


GANPATI BAPPA MORYA


HARI OM


REGARDS,
NISHIKANT K. HADGE

Dear Nishikantji,

Very well said. Thanks & wish U all the good luck & happiness......SM