Trading with PT style

[rrmhatre72]

since last 2 weeks market is highly volatile...... even it hit sl in buy and sell position......so dont wait for big moves......trading in small range and booking profit on every level is the safe way to trade in such market..........4800 is major long term support in nifty...........if nifty able to trade and sustain above 4865 level then we can expect some short covering..........if not then after 2.30 we may expect some more panic in market..........so plz trade carefully....
I am on 5000 june call still:clap:

Any guess on best support for bouce back now as Nifty is below 4800?

 

[nimish_rulz]

Any guess on best support for bouce back now as Nifty is below 4800?

If you draw a fibonacci projections from the march lows to the each high we stop correcting at 23.2%. This was observed in June last year, October-November last year, Jan Feb correction this year. So according to that 4750-4770 is the support. Any breach below that we are going down another 200-300 points easily.

 

[nimish_rulz]

Here is the Nifty Chart!

4725 is the Fib Support!

 

[rrmhatre72]

Here is the Nifty Chart!

4725 is the Fib Support!

Hi Nimish,

Is this graph from any site?
OR you have customised software?

 

[nimish_rulz]

Hi Nimish,

Is this graph from any site?
OR you have customised software?

No this is metastock software i use for TA

 

[praveen taneja]

FII trading activity on NSE and BSE on Capital Market Segment

The following is combined FII trading data across NSE and BSE collated on the basis of trades executed by FIIs on 25-May-2010.



FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
FII 25-May-2010 1761.74 3225.93 -1464.19




Domestic Institutional Investors trading activity on NSE and BSE on Capital Market Segment


The following is combined Domestic Institutional Investors trading data across NSE and BSE collated on the basis of trades executed by Banks, DFIs, Insurance, MFs and New Pension System on 25-May-2010.



DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
DII 25-May-2010 1810.67 1404.55 406.12



Again Beda Garak

 

[praveen taneja]

Nifty future witnessed the huge correction today and in the end managed to close above 4800 mark. Now nifty future is looking to continue this downward rally and we could see more downside in it from the current levels. In the downside two key supports are 4730 & 4660. shorts in nifty future could be hold for the targets of 4700 and 4680. Those traders who like to initiate new shorts in nifty future could do it below the level of 4770 with the stop loss of 4805.

 

[aditya14]

Absolute turnaround in Put values in 2 days.So if someone bought a 5000 put or 4900 put on Monday morning have
a) Got more than 7 times the money in 4900 Put.
b) More than tripled in case of 5000 Put.

Thankfully i got out of both at profit(i had written both levels).....

 

[simple_trader]

Absolute turnaround in Put values in 2 days.So if someone bought a 5000 put or 4900 put on Monday morning have
a) Got more than 7 times the money in 4900 Put.
b) More than tripled in case of 5000 Put.

Thankfully i got out of both at profit(i had written both levels).....

If this would not have happened, then it would have been a free ride for PUT writers. Still option writers have an edge over buyers.

Being a trader, I feel we should have all weapons. May be close to expiry, we could review about some of the option buying opportunities.

I think first a few days of a series (option value does not decay easily) and last a few days are ok for option buyers.

 

[rrmhatre72]

Nifty @4868.....
Is this opportunity to get out of long??? OR will it sustain tll 5000???
your opinions pls.....

My guess market will get positive trigger further after EU market.
Today's close should be around 4900.....