Trading with PT style

[praveen taneja]

open interest in derivative segment (F and O) ? Or CALL/PUT
Please elaborate how u determine list of strong stocks .

Bro posted many time earlier too that watever I post here is not all my findings something i pick from blogs too and told you with my knowledge that it is derived from OI of future and not from options as options are hedging tools so when someone short a future he took some far away call :thumb:
Like you can say If someone short Reliance at 1015 he would hedge himself with 1050 call so a sharp spurt on opposite side reduce his loss and he can have a safe exit

 

[stockBond]

Bro posted many time earlier too that watever I post here is not all my findings something i pick from blogs too and told you with my knowledge that it is derived from OI of future and not from options as options are hedging tools so when someone short a future he took some far away call :thumb:
Like you can say If someone short Reliance at 1015 he would hedge himself with 1050 call so a sharp spurt on opposite side reduce his loss and he can have a safe exit

So if open interest of future increases u classify it as strong stock and vice-versa ?
Correct me if I am wrong.

 

[scplindia]

Increase in OI means more people are selling, not buying. you can buy only an existing contract, but selling means it is a new contract (naked selling not square off). Which is why OI increases.

Increase in OI is an indication of more shorts appearing. When you buy back your sold contracts, it is called short covering.

 

[scplindia]

FII, DII & HNI just donot short only in FNO, They go ahead and short the stock directly. That is they sell the stock directly and then buy back (short Covering) at a later date this moves the price of the stock more than the FNO shorting. They have several strategies, like shorting in stock and hedging in options etc.. or vise versa.

 

[praveen taneja]

So if open interest of future increases u classify it as strong stock and vice-versa ?
Correct me if I am wrong.

Increase in OI means more people are selling, not buying. you can buy only an existing contract, but selling means it is a new contract (naked selling not square off). Which is why OI increases.

Increase in OI is an indication of more shorts appearing. When you buy back your sold contracts, it is called short covering.

Bro according to my knowledge if OI rising and price falling means shorting happening and if OI decreasing and price rising men short covering:thumb:
Increase in OI is never always on short with OI rising and price rise mean people buying and with that always we can see rate of future goes in premium but I can be wrong too as for me all this TA is created by foriegners to make innocent people feel as watever people see on crack version of ami or chart data etc they already know so I mostly try to trade opposite of trend which some time work sometime wont

 

[praveen taneja]

It's nice to be important,
But
It's more important
to be nice.

 

[rajgreenpeace]

Re: Trading with 2652 formula

2652 THEORY OF DAY TRADING
THE MOST IMPORTANT THINGS TO TRACK IN DAY TRADING Previous days range (difference in days high and days low) the most important
That days high and that days low at 10:15 am after the start of markets

PDR = PDH - PDL
F1 = 0.4333 * PDR
F2 = 0.7666 * PDR
F3 = 1.3333 * PDR

Opening Range = High Low (at 10.15 AM)

If F1 > Opening Range
Factor = F1
Else If F2 > Opening Range
Factor = F2
Else If F3 > Opening Range
Factor = F3

Buy Stop Order for Long = Intraday Low + Factor

Target for Long = Buy Price * 1.005 (0.5 % gain)

Stop for Long = Buy Price * 0.99 (1.0 % Loss)

Sell Stop Order for Short= Intraday High - Factor

Target for Short = Sell Price * 0.005 (0.5 % gain)

Stop for Long = Sell Price * 1.005 (1.0 % Loss)

 

[praveen taneja]

Re: Trading with 2652 formula

2652 THEORY OF DAY TRADING
THE MOST IMPORTANT THINGS TO TRACK IN DAY TRADING Previous days range (difference in days high and days low) the most important
That days high and that days low at 10:15 am after the start of markets

PDR = PDH - PDL
F1 = 0.4333 * PDR
F2 = 0.7666 * PDR
F3 = 1.3333 * PDR

Opening Range = High Low (at 10.15 AM)

If F1 > Opening Range
Factor = F1
Else If F2 > Opening Range
Factor = F2
Else If F3 > Opening Range
Factor = F3

Buy Stop Order for Long = Intraday Low + Factor

Target for Long = Buy Price * 1.005 (0.5 % gain)

Stop for Long = Buy Price * 0.99 (1.0 % Loss)

Sell Stop Order for Short= Intraday High - Factor

Target for Short = Sell Price * 0.005 (0.5 % gain)

Stop for Long = Sell Price * 1.005 (1.0 % Loss)

Bro first of all change time from 10.15am to 9.15 am as this is old thread and after that time change:thumb:
Now on using did u ever used this method and what is profit/loss ratio
is .05% gain enough to cover brokerage , short term gain , Pc maintenance , electricity charges and spoiling eyes whole days
these TA are for those who trade with a minimum of 1bn Rs but u know better as I myself a big zero on TA

 

[praveen taneja]

Corporate News Headline
• Hindustan Construction Company said it along with its joint venture partner bagged a contract worth Rs. 1.97 bn from North Frontier Railway for development of a tunnel in Imphal. (BS)
• Punj Lloyd expects to garner work-orders to the tune of Rs. 30.00 bn from the oil and gas sector in both domestic and overseas markets in the next financial year. (BS)
• Tata Motors sees rising commodity prices to hit margins in the future, but expects to offset it through price hikes and cost cutting. (BS)

 

[praveen taneja]

Economic and Political Headline
• India's Food Price Index rose 17.81% in the 12 months to February 27, while the Fuel Price Index was up 11.38%, the Government said. The rise in the Food Price Index was marginally lower than an annual rise of 17.87% in the previous week. India's Primary Articles Price Index was up 15.08% year-on-year as on February 27. (BS)
• Americans braved blizzards and overcame job concerns to propel retail sales in February, pointing to a broadening in growth that will help sustain the expansion. Purchases unexpectedly climbed 0.3%, Commerce Department figures showed. (Bloomberg)
• Confidence among US consumers unexpectedly declined for a second month in March, a sign Americans are discouraged about the labor market. The Reuters/University of Michigan preliminary consumer sentiment index fell to 72.5 from February's reading of 73.6. (Bloomberg)