Could not update during market hours. As mentioned in the morning, since 6040 SPOT was broken, closed all my Long positions and went short and closed Short around 5990 for 50 points.
For this down move the Short started from 6205 and so 240 points from 6205 would be 5965. So tomorrow we should see 5965. As per the 60 minute chart the Support is at 5952. So I hope there is some more left on the downside. Today the MAX OI or the Trading Range changed from 6000-6300 to 6000-6200. And when the MAX OI changed from 6300 to 6200 the down move was in Full swing. I am not sure how many noticed that :thumb:
Now Everybody is saying that in this Series 5800 should be possible. For 5800, the MAX OI should be changed from 6000PE to 5800PE. So watch the MAX OI at PE for further down movement. Otherwise at 5950-70, I think it would be a Opportunity for a BUY once again.
Today I was looking at 60 minute and 15 minute chart. In the 60 minute chart it was straight line from 6204 and no respect for 6100 was shown. In the 15 minute chart Every rise was being short. The moment it touched the Pivot in the 15 minute chart near 6031 @ 14:30 pm, the SELL started.
For this down move the Short started from 6205 and so 240 points from 6205 would be 5965. So tomorrow we should see 5965. As per the 60 minute chart the Support is at 5952. So I hope there is some more left on the downside. Today the MAX OI or the Trading Range changed from 6000-6300 to 6000-6200. And when the MAX OI changed from 6300 to 6200 the down move was in Full swing. I am not sure how many noticed that :thumb:
Now Everybody is saying that in this Series 5800 should be possible. For 5800, the MAX OI should be changed from 6000PE to 5800PE. So watch the MAX OI at PE for further down movement. Otherwise at 5950-70, I think it would be a Opportunity for a BUY once again.
Today I was looking at 60 minute and 15 minute chart. In the 60 minute chart it was straight line from 6204 and no respect for 6100 was shown. In the 15 minute chart Every rise was being short. The moment it touched the Pivot in the 15 minute chart near 6031 @ 14:30 pm, the SELL started.