Stocks To Keep A Close Eye On

[absolute.zero]

Stable base as when the price stays above a level for some 4-6 candles. The volumes today starts spiking from 217.6 down to 217 which indicates accumulation. I guess the volumes are more conclusive. :thumb:

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Thanks alroyraj

Yeah, you seems to be quite true. I also had a look on volume charts and noticed that between 10:30 AM to 1:25 PM, when Hindalco was in downtrend, the volumes were quite low. That shows that the strength of the intraday downtrend was weak. Interestingly what I noted now that with this downtrend, the open interest was increased. That certainly indicates accumulation. And, thereafter the stock picked uptrend.

Anyways, eager to hear from SG Sir. Lets see what he says. And, the target level he gave us.....how ? That is also a point I want to learn.

Thanks again.

 

[asnavale]

Correction:

That Latha Is NOT EVEN fit to be a sweeper...at RBI

SavantGarde

 

[absolute.zero]

Contrary to Hindalco, where open interest increased with price increase, I just noticed that there is decrease in open interest in SBIN with price increase. Quite amazing. Does that mean that reverse process is happening in SBIN ? Are Big players offloading on higher levels ??

Do not wanna creat a misunderstanding, but curious to learn such things. If one can, please compare charts of Hindalco and SBIN, and answer my query.

Thanks and Regards !

 

[absolute.zero]

RIL Fut closing @ 1056-1057
SBI Fut closing @ 2758-2764

& you have got a closing above 5900 on NF

SavantGarde

What a Call !!!
Splendid........:clapping:

 

[gauharjk]

Contrary to Hindalco, where open interest increased with price increase, I just noticed that there is decrease in open interest in SBIN with price increase. Quite amazing. Does that mean that reverse process is happening in SBIN ? Are Big players offloading on higher levels ??

Do not wanna creat a misunderstanding, but curious to learn such things. If one can, please compare charts of Hindalco and SBIN, and answer my query.

Thanks and Regards !

Decrease in Open Interest with increase in price could mean short covering.

SBIN has fallen from 3300 to 2700 very quickly. Lot of shorts still outstanding.

 

[absolute.zero]

Decrease in Open Interest with increase in price could mean short covering.

SBIN has fallen from 3300 to 2700 very quickly. Lot of shorts still outstanding.

Thanks gauharjk

Seems I am confused with Open Interest fundamentals. Let me get my facts right first.

 

[absolute.zero]

Decrease in Open Interest with increase in price could mean short covering.

SBIN has fallen from 3300 to 2700 very quickly. Lot of shorts still outstanding.

Yes, understand it now. Open interest might be decreased due to short covering.

 

[absolute.zero]

More confusion now !!!

Price may increase with increase in OI.
Price may increase with decrease in OI.
Price may decrease with increase in OI.
Price may decrease with decrease in OI.

Kaha fas gaya yaar ???

Help !!!

 

[talk2kumaran]

SirJI,

Profit booked , thanks, sold 50 MOIL today at loss (planned to sell it and buy it back but the system didnt allow buyback).

Now holding vijayabank 100 call at 2.45 and renuka 90 call at 3.45.

People are saying that the MOIL share will be short delivered and exchangewise short will be there. Hoping for getting 25% above todays close. pray for me.

with thanks and regards

Kumaran

Kumaran,

Book profit in your HINDALCO CALL

SavantGarde

 

[deep001]

Hi All

I have missed SG sir's PA post, kindly let me knw its in which page so that can understand and try to follow the same.. pl pl helpp