Dear Karthik,
Please explain here to why Pair buy? allready nf fut touched 8011
hi VJAY sir
from 2 jun to till today
down trend in my chart (30 min ,i use 30 min chart for 2 to 3 days)
5 jun high was 8190,from there nifty came 8000 9 jun
again nifty went 8160 today and start came down
----------------------------------
MAX CHOI Time-9.54
CE8200-300,400
PE8100-265,200
sell in MAX CHOI, and its getting stronger
----------------------------------
MAX OI Time-10.00
PE 7800-5,006,075
PE 8000-4,900,775
MAX OI changed from8000 to 7800
CE 8500-5,063,450
CE 8300-4,725,650
MAX OI changed from8300 to 8500
---------------------------------
yesterday the MAXOI CE-8300 PE-8000
today MAXOI CE-8500 PE-7800
and you can see clearly some shuffle is going on at
PE8000 to PE7800
CE8300 to CE8500
----------------------------------
my 30min chart was in down trend
today
MAX CHOI Time-9.54
CE8200-300,400
PE8100-265,200
sell in MAX CHOI -down trend
MAX OI changed from8000 to 7800 Bulls are getting weak in
protecting 8000 lv
------------------------
so i do the pair trade with a stop loss 8130
i enter around when nifty broke 8100,nifty will quickly reach 100 to 200 points in down trend ,so i buy the pair,
i sell nifty FUT do
-----------------------------
normally i hold my position for 2to3 days
i exit all my position at around 8000, because 8000 is psychological number for nifty ,once again fear factor possess me,but chart and Strategies say
hold this position for 2to3 days with a stop loss of 8130 and nifty will go below 8000 lv TR 7950 to 7900
--------------------------------
let see what happen
(its my view only)