Nifty trend

[Capricorn]

Hi folks,
Here's the monthly nifty chart. Its pretty close to breaking the down trend :clapping: unless the bears come forth with a fresh onslaught. What do you guys think?

 

[actuaryinmaking]

If world markets trading at decade's low - how come Nifty is still trading at 2-3 years low only ?? First question is would it sustain at current 2600-2800 range levels for long...??

 

[pkamalesh]

C'mon yaar..Dont Compare the Indian Economy With those Of US and Europe..They are the Largest and would definitly suffer in times of this Crunch...My view..

 

[praveen taneja]

If world markets trading at decade's low - how come Nifty is still trading at 2-3 years low only ?? First question is would it sustain at current 2600-2800 range levels for long...??

Ok if u see world mkts trading at decade low keep an eye on there GDP which is negative n we are still at 5+ rate :clapping:
Most of the developed countries now coming to India for investment:clap:
Now question of how long That only god knows but till majority of trader playing short mkt wont go down as it always play opposite to mkt view:clap:
You can also check FII data that is playing for a break on upside yet
All the best

 

[actuaryinmaking]

Indeed..I wish it bounces back sharply as many believes it is possible this will help lot of people who have invest at higher levels...

From Options current build up for March and April...Calls Vs Puts..OI is higher on Puts side which means big money is on downside....may be they brought it at lower levels to trap people..and they will compensate from Futs at higher level..

But Options Chains for next months are currently point to downside...

http://www.nseindia.com/marketinfo/fo/optionKeys.jsp?symbol=NIFTY&instrument=-&date=-

 

[praveen taneja]

Yes OI is higher in puts but pls tell me how to know this is bcoz of puts bought or puts sold I feel smart money sold puts to trap people by showing higher OI

 

[actuaryinmaking]

Yes OI is higher in puts but pls tell me how to know this is bcoz of puts bought or puts sold I feel smart money sold puts to trap people by showing higher OI

Indeed..that's hard to analyze...

1) Where did that many retail buyers came from....assume that many retail buyers are possible because it was cheaper so would they may brought them..

but than...

2) Why would have that many retail buyers would have brought those many puts without having power to manipulate the markets on downside at expiry...




Could it be...

Big money self-transacted that many puts to fool retailers ?? Perhapses time will tell....

 

[praveen taneja]

I dont think so ??? I feel when they short buy call or nifty and when they cover do vice versa smart money is never for losing its only small investor or trader who is there for losing

 

[pkamalesh]

Yes OI is higher in puts but pls tell me how to know this is bcoz of puts bought or puts sold I feel smart money sold puts to trap people by showing higher OI

Exactly...What many people did after seeing the 2200 March put having high OI?? Every one started buying from around 130 levels...The put writers made nice money and see wher we are near March expiry...Knocking the doors to 2900???

 

[praveen taneja]

Yes so keeping an eye on world market and trading Indian mkt is never a good strategy
Indian MF and Insurance companies standing on plenty of cash to invest