Nifty : Stats & Views

[praveen taneja]

So it seems,
what trade setup do you have in mind ?

ITS registered with TMA so cant post:thumb::thumb::thumb:

 

[sumeetsj]

From the chart below IV is near lowest point and PCR is increasing,
not much change in OI (which we can expect to happen this week as its expiry),
Volumes are reducing it seems.

 

[DanPickUp]

Hi sumeetsj

First of all : Thanks for your effort to show an bring in such discussions here.

Second : I am not sure, how much experience you have with such indicators. You may give us an idea about how the PCR indicator is build in this picture you show. If you have a prof. software, you can change the input for that !

Third : Trading on a PCR is like trading on any other indicators. There is no guarantee that it works for the trade you take. You may lucky this time and you will have heard pain the next time. So, only use it in conjunction with other signs.

Fourth : Option pain. I like this word. Did not know that it is called like that. What you can do by your self on a simple sheet : Divide the OI with 10O on every strike price and make a graph with that. You finally will see the same you see on what you show with your software. We use OptionVue6 to do it and it is a good tool to use. Again: No guarantee, but very useful with other tools.

Tc

DanPickUp

 

[ranger123]

Hello all, good news..good news..all the great sirs are back here. I wellcome Dan sir, Tnsn2345 sir back to this forrum. I think you will remein here for long time. Thank you Linkon7 sir and AW10 sir for here all the timing so our other great trader sirs are also back with you.

Thank you.

 

[sumeetsj]

http://www.myfno.com

I have used this site/software to plot the chart.
You just have to register here.
They also have lots of features there. One can visit and check.
One of the only sites that gives sector wise details, (although am not sure how much useful they would be here)
One more chart i was planning to post was PCR OI vs PCR Volume

 

[linkon7]

5931 and 5880 remain critical levels for today....

5895 will act as trend decider....

 

[linkon7]

so far range is just 37 points....
last time we had such a range was on 3rd Jan...that too of 32 points...

Took a chance....
bot 5900 straddle for 86....
sold 5800-6000 strangle for 28....
net cost 58...

Tension zone : 5842 to 5958....

 

[linkon7]

FII sold about 377 cr on the cash market.... they didnt do anything as such on the index derivative segment. The OI stands at 17124 up by 437 cr. The number contracts is up by 16182 contracts...


Chart wise..

wean see that if we open below 5887 and stay below that for 30 min, then intraday we can target 5803 with buying expected to surface near the VAH of 5832 mark....

global cues dont promise anything much and 5878 appears to be the trend decider....


The value area of the last 2 days suggest a pause before the big move.... hopefully we will get such a big move today, if we dont make a hatrick of 5890 to 5910 value today also....

personally, i wont be targeting much on the upside unless we close above 5916 convincingly... I am hoping for some movement intraday so that i can job my positions a bit....

my downside tgt remains at 5803 - 5734

 

[sumeetsj]

Whats with the Nifty Futures open=low=5393.45 today ?
Anybody getting the same on their terminal ?

 

[linkon7]

Whats with the Nifty Futures open=low=5393.45 today ?
Anybody getting the same on their terminal ?

some poor guy got nailed....
its there in all terminal...