Quantitative Analysis of Nifty

[QuantNifty]

Oops we missed our target by 8 pts:annoyed:

 

[mayavi99]

.... Immediate support level lies at 5610 and resistance level lies at 5657 respectively.

Call for Jul 06, 2011
Initiating a Short Trade with SL 5659
Optimal Short Level from 5652 till 5629 & Optimal Square Off Level 5601
Nifty Put Call Ratio is at 1.303

QuantNifty, I have one query. When the immediate support level is given as 5610, how come the optimal square off level is at 5601 ( and not 5610 or a little above it)? Can you pls clarify?

 

[meherp]

I think a good thread to follow. Lets me follow the leveles for few more days and then comments.

Anyway wha's the level for July 7th.

 

[QuantNifty]

@Mayavi, I guess thats a wonderful question which I would love to answer, since you are following my thread for long you must be knowing that I have created my own model to trade. So the square off levels are automatic however, I can tell you the reason.
I have large data set for last 12 years and its been observed that 92% of time market breaches the support and resistance levels. But, today was that 8% of time if you see that market exactly turned at 5610 what was my immediate support levels. So in my model one of my variables is the levels of S2 & R2 not S1 & R1.

I hope that clarifies your question.

Nifty clocked intraday volatility of 0.8%, which is lower than the long term average. Immediate support level lies at 5606 and resistance level lies at 5650 respectively. FII's bought INR 2076.04 and sold INR 1855.59 crores, whereas DII's bought INR 991.95 and sold INR 1072.18 crores in the cash market respectively. Indian rupee weakened by INR 0.09 vis-a-vis USD.
Call for Jul 07, 2011
Initiating a Short Trade with SL 5655
Optimal Short Level from 5645 till 5623 & Optimal Square Off Level 5595

niftyquant blogspot

 

[mayavi99]

Thanks for your reply. Today I entered a 5600PE when nifty was in 5644 range. Somehow I had a nagging feeling about the support and decided to square off when nifty was @ 5612, clocking 14 points in the bargain. That made me to ask this query. BTW, I work full time in an office and have no facility to watch live data/graph during trading hours. This makes me depend on the S & R and a helpful broker who alerts me at these levels.

 

[QuantNifty]

Horrible Call

 

[QuantNifty]

Nifty clocked intraday volatility of 1.58%, which is lower than the long term average. Immediate support level lies at 5628 and resistance level lies at 5717 respectively. FII's bought INR 2951.37 and sold INR 2434.04 crores, whereas DII's bought INR 1149.45 and sold INR 1539.16 crores in the cash market respectively. Indian rupee weakened by INR 0.06 vis-a-vis USD.
Call for Jul 11, 2011
Initiating a Long Trade with SL 5651
Optimal Long Level from 5651 till 5668 & Optimal Square Off Level 5702

 

[coolharsh20]

horrible day....

 

[QuantNifty]

Yes Harsh, Its a horrible trading day.

Completely wrong call today. However, we did not loose money as optimal entry point was just 1 point higher than the day's high price. This is the reason I always put thrust on optimal entry points.


Nifty clocked intraday volatility of 0.91%, which is lower than the long term average. Immediate support level lies at 5594 and resistance level lies at 5645 respectively. FII's bought INR 1889.74 and sold INR 1456.79 crores, whereas DII's bought INR 736.35 and sold INR 662.71 crores in the cash market respectively. Indian rupee weakened by INR 0.06 vis-a-vis USD.

Call for Jul 12, 2011
Initiating a Short Trade with SL 5652
Optimal Short Level from 5636 till 5613 & Optimal Square Off Level 5585

niftyquant blogspot

 

[coolharsh20]

I think market will fall to 5553. and even open will be near to level of 5602.

i expect a short from open below 5605.

target 1 5578
target 2 5558

Do trade with your own technical knowledge...